Overview
- Bang appeared at the Seoul Metropolitan Police Agency on Nov. 5 for a third round of suspect questioning over possible Capital Markets Act violations.
- Investigators allege he told investors in 2019 there were no IPO plans, steered a sale to a private-equity-linked vehicle, and later received about 190 billion won through a profit-sharing arrangement.
- The latest interrogation lasted roughly 13 hours, and Bang declined to answer reporters’ questions upon leaving the facility.
- Authorities continue a travel ban and are reviewing whether to seek an arrest warrant while examining his statements, fund movements, and the deal’s structure.
- HYBE says its listing procedures complied with the law and pledges full cooperation; violations under Article 178 can carry at least five years in prison or up to life for illicit gains over 5 billion won.