South Korean police raid offices at the headquarters of K-pop agency HYBE Thursday, July 24, over allegations of unfair share trading involving the company chairman.
Full story: https://www.rappler.com/entertainment/korean-popular-music/south-korea-police-raid-hybe-offices-share-probe/
00:01South Korean police raid offices at the headquarters of K-pop agency HYBE Thursday, July 24
00:07over allegations of unfair share trading involving the company chairman.
00:11Media reports say the country's financial regulator referred HYBE chairman Bang Si-hyuk to prosecutors
00:16to investigate his activities during the company's stock market listing.
00:20He is HYBE's founder and largest shareholder.
00:23HYBE earlier said it was fully cooperating with authorities, including the police, for fact-finding efforts.
00:29Ahead of the 2020 IPO, Bang and three other executives were accused of having deceived investors into selling their shares to an investment company they controlled,
00:38and eventually profited from share sales after the listing.
00:41HYBE manages K-pop groups, among them BTS, Seventeen, Enhypen, Tomorrow X Together, Lissetta Fim, and Cat's Eye.
