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.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sun...
Iran says it will use all diplomatic and legal channels to determine the fate of three Air Force pilots it believes are being held in Qatar after t...
Nearly a week after a powerful 7.4-magnitude earthquake struck western Colombia, hopes of finding more survivors are fading as rescue teams search ...
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sunday. Iran's Foreign Minister Abbas Araghchi said Washington must meet Tehran's conditions for shipping to resume.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
Residents of villages in eastern Indonesia hit by a deadly earthquake that killed at least 54 people were awaiting aid on Monday as rescuers prepared to comb through collapsed buildings in search of people trapped beneath the rubble.
American actress Hayden Panettiere, known for her roles in TV shows such as Nashville and Heroes, has died at the age of 36, ABC News reported on Sunday, citing her representative.
Four artworks by 15th-century painter Antonello da Messina have been stolen overnight from the Museo Regionale di Messina, Italy's culture minister said on Sunday, expressing confidence in the police inquiry.
Cristiano Ronaldo has given one of his clearest indications yet that his playing career is nearing its end, saying the 2026-27 season will “probably” be his last in professional football.
The European Broadcasting Union (EBU) has changed Eurovision Song Contest rules to allow a winning country to be blocked from hosting if security risks, armed conflict or geopolitical tensions make it unsafe to stage the event.
Each summer, Gabala becomes a gathering point for artists, musicians and audiences from across Azerbaijan and beyond.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment