South Korea police move to hand HYBE founder Bang Si-hyuk’s case to prosecutors
SEOUL, Sept 1 — Bang Si-hyuk, chairman of K-pop giant HYBE, will be sent to prosecutors this week for possible ind...
SEOUL, September 1 — South Korean police are moving to hand Bang Si-hyuk, the chairman of K-pop conglomerate HYBE, over to prosecutors for potential indictment, according to recent reports. Hong Seok-ki, the head of the National Office of Investigation, confirmed to reporters that the police intend to forward the case to prosecutors within the week.
The allegations center around Bang's suspected violation of the Capital Markets Act in 2019, which allegedly allowed him to secure nearly 200 billion won (RM588 million) in extra profits ahead of HYBE's IPO. Police launched a full-scale investigation in July 2025, following a series of raids on HYBE headquarters, after prosecutors twice rejected their requests for an arrest warrant.
Sources close to the case indicate that Bang is expected to be referred to prosecutors without detention, pending the decision of the prosecution to formally indict him.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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