{"id":144197,"date":"2025-09-15T05:19:09","date_gmt":"2025-09-15T05:19:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/144197\/"},"modified":"2025-09-15T05:19:09","modified_gmt":"2025-09-15T05:19:09","slug":"hybe-chairman-bang-appears-before-police-for-questioning","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/144197\/","title":{"rendered":"HYBE chairman Bang appears before police for questioning"},"content":{"rendered":"<p class=\"editor-p\">Bang Si-hyuk, chairman and founder of K-pop powerhouse HYBE, appeared before police on Monday for questioning on allegations of unfair trading linked to the company\u2019s initial public offering (IPO).<\/p>\n<p class=\"editor-p\">During his appearance for questioning, Bang apologized for &#8220;causing concern&#8221; due to his personal matters. <\/p>\n<p class=\"editor-p\">&#8220;I will fully cooperate with the investigation,&#8221; he said. <\/p>\n<p class=\"editor-p\">Bang and several former HYBE executives are under investigation for violating the Capital Markets Act. Police suspect that during HYBE\u2019s IPO process, they misled existing shareholders into believing there were no plans for a listing, inducing them to sell their shares to a private equity fund\u2019s special purpose company. <\/p>\n<p class=\"editor-p\">HYBE later pursued the IPO, and police allege that Bang illicitly gained roughly 190 billion won ($140 million) through the private equity fund\u2019s share sale.<\/p>\n<p class=\"editor-p\">Police began investigating the case late last year, searched the Korea Exchange in June to seize documents related to HYBE\u2019s listing and raided HYBE\u2019s headquarters in July. Separately, the Financial Supervisory Service\u2019s special judicial police are also investigating allegations of unfair share trading involving Bang.<\/p>\n","protected":false},"excerpt":{"rendered":"Bang Si-hyuk, chairman and founder of K-pop powerhouse HYBE, appeared before police on Monday for questioning on allegations&hellip;\n","protected":false},"author":2,"featured_media":144198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[64,63,134,136],"class_list":["post-144197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-music","tag-au","tag-australia","tag-entertainment","tag-music"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/144197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=144197"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/144197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/144198"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=144197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=144197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=144197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}