HYBE Chairman Bang Si Hyuk Under Compulsory Investigation Regulators have intensified their legal scrutiny of Bang Si Hyuk, with the FSS Capital Market Special Judicial Police launching a compulsory probe this week.

• The Action: Investigators raided Bang’s residence and office over two consecutive days to secure evidence regarding potential Capital Markets Act violations.
• The Charges: The investigation focuses on two main allegations:
  1. Pre-IPO Fraud: That Bang deceived shareholders in 2019 by claiming the company’s listing would be delayed, inducing them to sell their stakes to him.
  2. Unfair Trading: Allegations involving the sale of shares to a special purpose company (SPC) connected to HYBE executives.
• Current Status: While the police investigation into these matters is nearly complete, the FSS’s decision to raid suggests they are examining additional aspects of the case that go beyond the initial police findings.