HYBE Chairman Referred to Prosecutors Over Alleged Shareholder Deception
Seoul police referred HYBE chairman Bang Si-hyuk to prosecutors over allegations that he deceived early investors before the firm’s IPO, prompting them to sell stakes via a private-equity-linked special purpose vehicle. Authorities estimate improper gains at nearly 200 billion won. Police did not seek an arrest warrant, citing a continuing probe after prosecutors demanded supplementary investigations. Bang denies wrongdoing and says the listing followed rules.