Overview

• Seoul police scheduled Bang to appear for questioning at 10 a.m. Monday at the agency’s Mapo office in what would be his first in-person interview in the case.
• Investigators allege he told early investors in 2019 that an IPO was not imminent, prompting sales of their stakes to a special purpose company linked to a private equity fund connected to him.
• Financial authorities say Hybe was already preparing for a listing at the time, including preliminary IPO steps.
• After Hybe went public, the SPC sold the shares and Bang reportedly received 30% of the resale profit under a prior shareholder agreement.
• Regulators at the Securities and Futures Commission and the Financial Supervisory Service are conducting separate reviews, and police previously searched the Korea Exchange in June and raided Hybe’s headquarters in July; Bang has pledged to cooperate.