[COVER STORY] Bang Si-hyuk case reaches prosecutors. What's next for HYBE chairman?
The police file on HYBE Chairman Bang Si-hyuk arrived at the Seoul Southern District Prosecutors' Office last week with a precise number attached: 263.1 billion won ($190 million) in what investigators called improper gains. The question that will decide Bang's fate is one that police and prosecutors have spent almost two years failing to settle between themselves: what crime, if any, the conduct…
![[COVER STORY] Bang Si-hyuk case reaches prosecutors. What's next for HYBE chairman?](/img/6094409)
The Bang Si-hyuk case, involving HYBE Chairman Bang Si-hyuk, has reached prosecutors after spending nearly two years in investigation. The police filed a report with the Seoul Southern District Prosecutors Office, detailing 263.1 billion won ($190 million) in improper gains. The central question that remains is which crime, if any, the conduct constitutes, as investigators have yet to reach a consensus between the police and prosecutors.
On Thursday, the Seoul Metropolitan Police Agency's financial crime investigation unit referred Bang and four others to prosecutors on suspicion of fraudulent unfair trading under the Capital Markets Act. The prosecutors will now review the case and decide whether to indict, order further investigation, or drop the financial crime charge, with lawyers indicating all three outcomes are possible.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
