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.
Visitors to Armenia could face temperature screening after a lab worker died from suspected Pneumonic plague in Russia, Yerevan’s Health Mini...
Azerbaijan’s Foreign Minister Jeyhun Bayramov has called for further integration of infrastructure between regional countries to bolster the ...
The Saudi-led coalition says it has carried out a series of military operations against Houthi targets in Yemen...
Russia's health watchdog said on Tuesday that no cases of plague had been detected among anyone who had come into contact with a Siberian plague institute laboratory worker who died last week, and locals said their lives had barely been disrupted.
Russia struck Ukraine overnight in one of the biggest attacks of the conflict, killing at least 19 people, Kyiv's Foreign Ministry said on Wednesday. Around 70 missiles were fired at Ukraine during the attack, as well as drones, the Ministry said.
An Azerbaijani citizen died and another is missing after a cargo ship was attacked by a drone in the Black Sea, near the coast of Romania on Monday, 5 October, Baku's Foreign Ministry has said.
A large Ukrainian drone attack on Moscow and the surrounding region has killed two people, damaged homes and sparked a major fire at a key fuel facility, according to Russian officials and military bloggers.
The German-Azerbaijani Connectivity Conference 2026 commenced on 6 October in Baku under the title “Mobilising Finance for Infrastructure, Transport, Logistics, Green Energy, and Digitalisation along the Middle Corridor.”
Kazakhstan has hosted its first Astana AI Film Festival on attracting more than 8,000 entries from 125 countries and emerging as the world’s largest international competition dedicated to AI-generated films.
Exiled Russian filmmaker Andrey Zvyagintsev confronts conscription and moral compromise in wartime Russia in Minotaur, a drama released nearly five years after Moscow launched its full-scale invasion of Ukraine.
As Ethiopia's rainy season retreats and the landscape turns green beneath clearer skies, millions of Oromo people gather to celebrate Irreecha, a festival of thanksgiving, renewal and community.
A 13-month-old Chihuahua named Comando is helping Mexico’s National Guard connect with the public, becoming its smallest canine member and an unusual addition to the country’s K9 force.
In a workshop in Margilan, in eastern Uzbekistan's Fergana Region, silk threads are still being transformed into brightly coloured atlas and adras fabrics using techniques passed down through generations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment