Overview

• Bang arrived at the Seoul Metropolitan Police Agency’s Mapo office to be questioned as a suspect under the Capital Markets Act.
• He told reporters he was sorry for causing concern and pledged to fully cooperate with investigators.
• Police allege he told early investors in 2019 that HYBE had no listing plans and urged them to sell shares to a private equity vehicle connected to him.
• Investigators estimate illicit gains at roughly 190 billion won, with reports noting he received 30 percent of the fund’s resale profits.
• The probe began late last year and has included June document seizures at the Korea Exchange and a July raid of HYBE headquarters, while financial regulators continue related reviews.