Overview

• Seoul police’s Financial Crimes Investigation Division carried out a search and seizure at HYBE’s Yongsan headquarters on July 24 under a warrant linked to alleged unfair trading ahead of the 2020 IPO
• The Securities and Futures Commission accuses Bang of misleading early shareholders into selling stakes and pocketing roughly 200 billion won in illicit gains
• On July 22, three individuals including a foreign airline employee were formally referred to prosecutors for illegally obtaining and selling BTS and other celebrities’ flight details
• Also on July 22, a Seoul Southern District Court handed suspended sentences and fines to three HYBE employees who used non-public enlistment information to sell shares, avoiding more than 230 million won in losses
• HYBE formed a task force in 2023 to monitor and report artist travel-data leaks and has pledged full cooperation with all ongoing privacy and financial-misconduct investigations