Police in South Korea have raided the offices of entertainment company HYBE as part of a probe over allegations of unfair share trading involving the company chairman, a source familiar with the matter said.
According to media reports, the country's financial regulator has referred the chairman of HYBE, Bang Si-hyuk, to prosecutors to investigate his activities during the company's stock market listing.
Ahead of the 2020 Initial Public Offering (IPO), Bang and three other executives were accused of misleading investors into selling their shares to a company they secretly controlled and then cashing in once HYBE went public according to the media reports.
HYBE, best known for managing global superstars BTS, says it is fully cooperating with authorities including the police, for "fact-finding efforts".
“We will take the necessary time to thoroughly demonstrate that the IPO was carried out in full compliance with laws and regulations,” the company said in a statement.
Bang is HYBE’s founder and its largest shareholder.
Seoul police declined to comment on the ongoing case.
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Iran has rejected claims it has been weakened, vowing instead “more crushing” attacks against the United States and Israel. President Masoud Pezeshkian also warned that Israel is fabricating threats about Iran, as the Strait of Hormuz remains closed affecting the global energy market.
Iran has strongly condemned U.S. President Donald Trump’s threat to bomb the country “back to the Stone Age”, calling his remarks an example of “war crimes and genocide.”
The global commodities market is facing a severe structural supply shock after a series of coordinated military strikes in the Middle East devastated critical industrial infrastructure, threatening the manufacturing base of Western economies.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 3 April, covering the latest developments you need to know
Fears of wider escalation grow despite President Donald Trump saying U.S. strikes on Iran could end within weeks. Meanwhile missile attacks, tanker incidents and rising casualties across Israel, Lebanon and the Gulf heighten risks to regional stability and energy routes.
There are fears of an oil spill after a drone strike hit a Kuwaiti oil tanker near Dubai on Tuesday, while U.S.-Israeli strikes in Iran reportedly killed at least two people. A loud explosion was heard in Beirut in southern Lebanon early Wednesday, as oil prices climbed above $100 a barrel.
Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high-stakes voyage around the moon that marks the United States' boldest step yet toward returning humans to the lunar surface later this decade in a race with China.
An earthquake of magnitude 7.6 struck in Indonesia's Northern Molucca Sea on Thursday, killing one person, damaging some buildings and triggering tsunami waves, authorities and witnesses said.
President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age.
Grammy-winning rapper Megan Thee Stallion was hospitalised in New York City after she fell ill mid-performance during a Broadway production of 'Moulin Rouge! The Musical'.
The European Broadcasting Union and global entertainment company Voxovation have announced that the first-ever Eurovision Song Contest Asia will take place in 2026, with Bangkok selected to host the inaugural edition.
Music superstar Taylor Swift scored a leading seven trophies at the iHeartRadio Music Awards on Thursday including artist of the year and best pop album for the upbeat record "The Life of a Showgirl."
The trailer for Spider-Man: Brand New Day has officially become the most-watched trailer of all time, racking up 718.6 million views in its first 24 hours and surpassing the previous record set by Deadpool & Wolverine in 2024.
Carlos Ray “Chuck” Norris, the martial artist, actor and cultural icon best known for his roles in action films and the long-running CBS series Walker, Texas Ranger, has died at the age of 86.
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