IPO scandal: BTS's Hybe chairman Bang Si-hyuk summoned by police; faces second round of questioning
Hybe chairman Bang Si-hyuk faces further police questioning regarding alleged deception of early investors before the company's IPO in 2019. Accusations involve denying IPO plans while executives profited through a private equity fund. Bang denies misconduct, but the investigation raises concerns about 'owner risk' for the entertainment giant, managing K-pop stars like BTS, Seventeen, and NewJeans.
Hybe chairman Bang Si-hyuk faces further police questioning regarding alleged deception of early investors before the company's IPO in 2019. Accusations involve denying IPO plans while executives profited through a private equity fund. Bang denies misconduct, but the investigation raises concerns about 'owner risk' for the entertainment giant, managing K-pop stars like BTS, Seventeen, and NewJeans.
