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.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as...
Israel and Lebanon are discussing a U.S.-backed proposal that would see Israeli forces withdraw from parts of southern Lebanon and transfer control of...
The head of the United Nations nuclear watchdog has said inspections in Iran will resume in the near future following an interim peace agreement betwe...
Pakistan and Russia have agreed to deepen counterterrorism cooperation amid continuing concerns over militant threats emanating from Afghanistan, unde...
Andy Burnham's path to Downing Street appeared to become clearer on Wednesday after another potential challenger ruled himself out of the Labour leade...
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
Israel and Lebanon are discussing a U.S.-backed proposal that would see Israeli forces withdraw from parts of southern Lebanon and transfer control of those areas to the Lebanese army, according to officials from both sides.
The head of the United Nations nuclear watchdog has said inspections in Iran will resume in the near future following an interim peace agreement between Tehran and Washington. However, Iranian officials insist access to key facilities remains contingent on a final deal and the lifting of sanctions.
Pakistan and Russia have agreed to deepen counterterrorism cooperation amid continuing concerns over militant threats emanating from Afghanistan, underlining growing alignment between the two countries on regional security.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
British artist David Hockney, one of the most influential figures in contemporary art, has died at age 88, his publicist said on Friday (12 June). He died peacefully at his home in London one month before his 89th birthday.
Thousands of revellers packed Berga's main square as fire-devil performers showered the crowd with sparks during Catalonia's UNESCO-listed La Patum festival.
The 79th Annual Tony Awards took place on Sunday (7 June) at Radio City Music Hall, celebrating the strongest performances of the Broadway season, with singer-songwriter P!nk hosting and delivering the opening performance alongside a host of musical guests.
Barcelona is preparing to mark a historic milestone in the legacy of architect Antoni Gaudí as Pope Leo XIV visits the city this week to inaugurate the Tower of Jesus Christ at the Sagrada Família basilica, almost exactly 100 years after the visionary architect’s death.
Marjane Satrapi, the Iranian-French artist, filmmaker and author best known for the acclaimed graphic novel Persepolis, has died at the age of 56, the French presidency announced on Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment