Overview

• The Financial Supervisory Service summoned Bang in late June to question him over allegations he misled former shareholders about IPO plans.
• On July 1, Seoul police raided the Korea Exchange’s Yeouido offices to obtain records from HYBE’s listing review.
• Authorities allege Bang received 400 billion won from a private equity fund after the 2020 listing without reporting it in securities filings.
• Prosecutors have twice denied police requests for a search warrant to inspect HYBE’s headquarters while vetting evidence.
• HYBE maintains that all transactions underwent legal review and that no formal charges have been filed against Bang to date.