Overview

• Bang was questioned at the Seoul Metropolitan Police Agency on Sept. 15 for about 13 hours and 48 minutes before departing late that night.
• Police allege he told early investors in 2019 there were no listing plans and urged sales to a private equity fund or SPC tied to him, then profited after HYBE’s 2020 listing.
• Investigators estimate illicit gains at roughly 190 billion won, including an alleged 30 percent share of profits from the fund’s resale of HYBE stock.
• Authorities searched the Korea Exchange in June, raided HYBE’s headquarters in July, and the Financial Services Commission referred the case to prosecutors on July 16.
• Bang apologized and pledged cooperation at the station, his side denies legal violations, and potential penalties under the Capital Market Act include at least five years in prison for large illicit gains.