Overview

• Bang Si-hyuk arrived at the Seoul Metropolitan Police Agency at 10 a.m. for suspect questioning under the Capital Market Act.
• The session lasted 12 hours and 30 minutes, and he left around 10:30 p.m. without answering reporters’ questions.
• Investigators allege he told early investors in 2019 there were no IPO plans, prompting them to sell shares to a special purpose company tied to a private equity fund associated with him.
• After HYBE listed, the SPC sold its holdings, and Bang allegedly received about 30 percent of the profits, estimated at 190 billion won, according to local reports.
• Police previously seized IPO-related documents in raids on the Korea Exchange on June 30 and HYBE headquarters on July 24 as the probe continues.