HYBE Responds to Legal Allegations Against Chairman Bang Si-hyuk

10 hours ago
HYBE Responds to Legal Allegations Against Chairman Bang Si-hyuk

On July 9, 2025, HYBE issued a statement addressing the recent legal allegations against its chairman, Bang Si-hyuk. The company expressed regret for any concern caused by news related to its listing process. HYBE stated, "We are actively cooperating with financial authorities and the police by providing detailed explanations and relevant documents regarding the current issues raised. We will thoroughly clarify that the listing was conducted in compliance with laws and regulations, even if it takes some time."

On July 7, the Capital Market Investigation Committee, a deliberative body under the Financial Services Commission, decided to file a complaint against Bang Si-hyuk for alleged stock market fraud. According to financial authorities, Bang is accused of entering into a contract with a private equity fund established by close associates, which allowed him to receive 30% of the profits from stock sales related to HYBE's listing in 2020. He allegedly misled existing investors by claiming there were no plans to list HYBE on the stock market, resulting in a profit of approximately 200 billion KRW.

The complaint represents the highest level of sanction that financial authorities can impose on individuals suspected of violating capital market laws.

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