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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The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
We are not witnessing another cyclical downturn or a temporary geopolitical disturbance. What we are living through is far more profound: a systemic recalibration of the global order. Three long-standing assumptions have quietly collapsed.
The European Union adopted its 20th package of sanctions against Russia on Thursday (23 April), introducing sweeping new restrictions aimed at weakening Moscow’s war economy and limiting its capacity to sustain the war in Ukraine.
Warner Bros. Discovery shareholders have approved Paramount Skydance’s proposed takeover of the media group, advancing a deal valued at roughly $110 billion including debt in a move that could reshape Hollywood and the global entertainment industry.
Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
Warner Bros. Discovery shareholders have approved Paramount Skydance’s proposed takeover of the media group, advancing a deal valued at roughly $110 billion including debt in a move that could reshape Hollywood and the global entertainment industry.
The 2,500-year-old Golden Helmet of Coțofenești and two ancient gold bracelets have been returned to Romanian authorities after being stolen from a Dutch museum in January last year.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
Musician D4vd has been charged with first-degree murder over the death of a teenage girl whose dismembered remains were found inside a car linked to him, prosecutors in Los Angeles County have said.
Grammy-winning hip-hop artist Kanye West has postponed his upcoming concert in Marseille, France, “until further notice”, amid mounting political opposition and renewed controversy over his past remarks.
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