South Korean police seek to arrest K-pop mogul behind BTS
South Korean police are seeking to arrest Bang Si-Hyuk, the chairman of Hybe, the agency behind K-pop supergroup BTS, over allegations of investor fraud. Bang is accused of misleading investors in 2019 by concealing Hybe's plans for an initial public offering.
South Korean police are seeking to arrest Bang Si-Hyuk, chairman of Hybe, the agency behind K-pop supergroup BTS, over allegations of investor fraud. Bang is accused of misleading investors in 2019 by concealing Hybe's plans for an initial public offering, resulting in a potential gain of $136 million. The Seoul Metropolitan Police Agency has requested a court warrant for Bang's arrest. Bang's legal team has expressed regret over the arrest request, stating they will cooperate with the investigation. Hybe officials say Bang denies any wrongdoing. The allegations come as BTS embarks on a global tour after a nearly four-year hiatus.
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