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When Bang went public with Hybe, I followed for 5 months and investigated everything he did. I said already back then, that taking the company public and selling stocks, was built on a big, BIG fraud. I also wrote a few days ago in the Ador/New Jeans Thread, that this thing with New Jeans is about Bang and something bigger, which is why New Jeans are getting all those lawyers and support.
I WAS RIGHT.
Because that's the bitter part of my life, I have seen all those things sine I remember and notice when something isn't right and the direction as to why.
If found guilty, he faces life in prison.
I doubt they will find enough witnesses to secure any conviction and there have been mild attempts in the past to shake him a bit and this does NOT come from the government. This is internal, behind closed doors, between different powerful people, we don't even know exist.
Financial watchdog to refer HYBE CEO to prosecution on fraud allegations
Published: 28 May. 2025, 21:26
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- YOON SO-YEON
- yoon.soyeon@joongang.co.kr
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Bang Si-hyuk, founder and chairman of HYBE, at a conference held in Seoul on Feb. 20 [NEWS1]
The financial watchdog will report Bang Si-hyuk, founder and chairman of K-pop powerhouse HYBE, for lying to shareholders so that they would sell their shares to a private fund run by Bang's acquaintance, a report said Wednesday.
According to a report by The Korea Economic Daily, the Financial Supervisory Service (FSS) has gathered evidence that Bang lied to HYBE shareholders in 2019 before the company went public on the Korea Exchange.
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He allegedly told shareholders that he had no intention of taking the company public and provided them with false information to persuade them to sell their shares to a private equity fund (PEF) founded by one of his acquaintances.
Bang was even promised 30 percent of the investment profit from the PEF, which paid him 400 billion won ($291 million), according to the report.
If found true, Bang's actions would constitute fraudulent activity under the Financial Investment Services and Capital Markets Act.
The FSS has gathered “multiple documents” that Bang and HYBE proceeded with plans to take the company public while simultaneously assuring early investors that there were no such plans, according to the report.
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Bang Si-hyuk, chairman of K-pop powerhouse HYBE, talk with other attendants at the 64th general meeting of The Federation of Korean Industries (FKI) at the FKI Tower conference center in western Seoul on Feb. 20. [YONHAP]
The FSS is closely scrutinizing activity from late 2019. Existing shareholders had sent an email urging Bang and HYBE to take the company public, to which the company replied in September and October 2019 that it was “impossible under current circumstances.”
HYBE signed with Ernst & Young as the underwriter in November 2019. The company listed on the Korea Exchange stock market in October 2020.
“All transactions took place within the boundaries of law, after they were overseen by legal experts,” HYBE said.
The FSS plans to fast-track the case to prosecutors once its investigation concludes, according to the report.
Article 443 of the Capital Markets Act stipulates that a fraudulent financial act that has resulted in more than 5 billion won in profit can lead to a prison sentence of five years to life.
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HYBE founder under probe over IPO flaws - The Korea Times
Bang Si-hyuk, founder and chairman of the powerhouse K-pop entertainment company HYBE, has been under investigation over charges that he intentionally misled investors ahead of the company's stock mar...www.koreatimes.co.kr
I speculate that who ever is behind new Jeans îs behind this story. Which, doesn’t make sense. Back then, the issue I pointed out, was related to the fact, that you can’t go public with your entire company depending on ONE band. in this case, BTS.He needs to get life
“I don’t understand why someone who should be focused on leading the company and supporting BTS from behind keeps getting embroiled in controversies,” said Choi, a 31-year-old fan of BTS. “With all seven members preparing for their comeback, I worry this could cause unnecessary setbacks.”
I beg to differ from fan Choi's statement- it's not an "unnecessary setback", but a necessary one- I always said it would be a matter of time when Hybe & Bang's kingdom would come crumbling down- I just hope the BTS members are making plans to really go their separate ways this time & not allow themselves or anyone else to persuade them to stick together, because at this point, their comeback will not be as strong as it was when they 1st started out. Their solo efforts (post military), have been "meh" at most.
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the fact, that they can't do ONE DAMN NOT-WEIRD and freaky photo session, says actually...everything.
The most interesting untold story, is - WHO is behind all these attacks against Bang and the company.Looking back, I think that, besides of the main "bomb", that made them famous - the fake selling numbers to draw attention, and their jewish affiliation from around 2018 - their fame....well...I should rephrase.
They all had some "cuteness" when the inflated their numbers and looked different than exo. They were successful in drawing the attention of numerous rich fans, combined with the extreme gayness of all of them, which drew the attention of the jewish pedophiles in the USA.
The problem was always, that their fame is based on a big air bubble, and fans were living off that memento, which wasn't even real.
It was somehow obvious, when their latest releases (dynamite, butter, etc.) were that awful, that many of their fans...gently expressed their. not that they were giving bad comments, but weren't pleased. That's when a lot of the older content started to appear.
To emphasize even more on their fan's obsession vs quality, there was almost next to zero content during the past year. It's as if they don't existed, because there is nothing to remember about. Nothing to rewatch, nothing to listen.
The problem with BTS and this format, is that it's built on a obsession limited by time. Yes, most of their fans will follow their content when they'll be back, but in my opinion, it will be a forced project and a failure.
BTS's members - and I said it from the start - aren't innocent, poor guys. They are equally responsible for everything that people are saying bad about Bang/BigHit/etc. in relation with BTS.
Rather than acknowledging how they are selling a lie - which became more and more disturbing, amongst others, as they were intentionally letting their fans ABUSE everyone on the internet (and also doxxing) - and do the best out of it, their greediness caused this mess right now. What I mean by that: they should have milked everything out of the situation and postpone the enlistment as much as possible, concentrating on Jungkook and Taehyung, since they are the only ones people care about.
Jungkook going solo before enlistment should have been the highlight of BTS's past 10 years. Instead, it was a bitter failure. On top of that, that junkie was sick all the time, from his drug-induced low immune system, was bloated, fat and his short appearances scream - give me a few pennies before I leave.
It was a waste of a big moment, that could have meant the highlight of his and their career.
Whenever something went negative with BTS, everyone was blaming Bang/Hybe/ etc. People always forget, that it is BTS. Not bang, not bighit. BTS.
If Jungkook would have wanted to go solo big time, he would have taken this route . I mean...he wanted to get tattoos all over his body - he got tattoos. He was told to stop doing live while being drunk - he did it even more.
They are told to never create any situations involving other females - he constantly approached fans, or underage girl and sent private messages.
The list goes on and on.
When it comes to his BIG SOLO MOMENT, he didn't even bothered to prepare. He just got drunk and drugged himself on a daily basis.
No, this isn't Bang fault. Bang should have kicked his ass long time ago, but Bang's value is related to BTS.
They try to bring now plans removing Bang, because they also know, that this BTS lie cannot go for any longer.
Yes, the company didn't suffered a major hit, with BTS being gone. But it most likely came at high costs and a lot of work.
What I notice more and more, is that their fans, who fanatically treated BTS and Bang/the company, as being one thing, are now told and brainwashed into taking the route, where BTS is not BigHit and Bang is harming BTS.
Well....wait a minute...it's either one, or the other.
The most interesting untold story, is - WHO is behind all these attacks against Bang and the company.
Their fanatic fans should preoccupy themselves with this question. Someone has been trying for a long time, to get rid of Bang.
I wonder who.
Never mind- I just saw his concept photos- no words, enough already.This pic is beyond creepy- who is this- JHope?
promoting homosexuality. everything about taemin is 🤮
Yeah, the mother who sold him and let's him be a drug and alcohol addict, so that she can cash in
definitely yes, cheating
well.. one gay pedo perv hit another gay perv
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meanwhile, wtf is this