HYBE Chairman Slapped with Exit Ban in Probe over Alleged Unfair Stock Trading

HYBE chairman slapped with exit ban in probe over alleged unfair stock trading

The chairman and founder of K-pop powerhouse HYBE, Bang Si-hyuk, has been banned from leaving the country amid a police investigation into allegati...

Hybe chairman slapped with exit ban in probe over alleged unfair stock trading

By Chae Yun-hwan SEOUL, Oct. 1 (Yonhap) -- The chairman and founder of K-pop powerhouse...

HYBE Chair Bang Si-Hyuk faces travel ban amid probe over IPO (report)

New local media reports emerge about ongoing investigation in South Korea Source

Police Ban HYBE Founder Bang Si Hyuk From Overseas Travel Amid Unfair Trading Probe - K-POP NEWSWIRE

Bang Si Hyuk, the chairman of HYBE, has been placed under a travel ban as police continue their investigation into allegations of unfair trading related to the company’s 2019 pre-IPO dealings. On October 1, the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit confirmed that the ban was imposed as part of an ongoing probe into suspected violations of the Capital Markets Act. Bang Si Hyuk Travel Ban and Investigation Timeline…

HYBE Bang Si Hyuk's Travel Ban Sparks Massive Reactions

According to MBN on October 1, the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit banned Chairman Bang Si Hyuk from leaving the country for violating the Capital Markets Act. Bang is accused of violating the Act by deceiving existing HYBE investors, including venture capitalists, in 2019 by claiming no plans for an initial public…Continue reading on Koreaboo

POLICE BANS BANG SIHYUK FROM LEAVING THE COUNTRY AMID 'ILLICIT PROFIT OF 190 BILLION WON ALLEGATIONS'

Bang Sihyuk, chairman of Hive, has been banned from leaving the country amid allegations of unfair trading practices worth 190 billion won.According to MBN, the Seoul Metropolitan Police Agency's Financial Crimes Investigation Unit has banned Bang from leaving the country on charges of violating the Capital Markets Act.Chairman Bang is under police investigation for allegedly deceiving investors in 2019 by pretending there were no plans for an I…