BTS Agency Hybe Founder Bang Si-hyuk Faces Detention as Seoul Police Seek Arrest Warrant
Seoul police have applied for a warrant to detain Bang Si-hyuk, chair and founder of Hybe, over alleged securities fraud tied to the K-pop conglomerate’s public listing, Reuters reported. Bang established Hybe – then known as Big Hit Entertainment – in 2005, building it into the most powerful company in the K-pop industry. The Seoul-based…
Read MoreSouth Korean Police Seek Arrest of BTS Agency Founder Bang Si-hyuk
The founder of K-pop powerhouse Hybe is accused of securing $129 million in illicit gains through a scheme tied to the company’s blockbuster IPO in 2020.
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