HYBE’s founder Bang Si Hyuk is currently facing allegations of malpractices in trading in South Korea. Now, the South Korean authorities have started deepening their investigation to bring out the truth in the ongoing case. The case has also received attention from BTS, SEVENTEEN and KATSEYE’s fans globally due to HYBE’s involvement with these groups.
Reports from Korean media, as of April 21, 2026, stated that the financial crimes division of the Seoul Metropolitan Police has sought a warrant from the Seoul Southern District Prosecutors’ Office over allegations of fraudulent trading practices. The case has been under investigation for approximately one year and four months.
The police have clarified that they pursued an arrest warrant due to the gravity of the allegations, along with fears that evidence might be altered or eliminated. A lengthy investigation was also carried out before, approximately for a year and four months before the request for the investigation was submitted.
Bang is presently facing allegations of unfair stock dealings. Investigators claim that in 2019, he misled early investors by stating that HYBE had no intention of going public. It is further alleged that he later moved company shares to a special purpose company (SPC) set up by a private equity fund linked to HYBE executives. Earlier this month, the Seoul Southern District Court ordered the seizure of his shares, valued at approximately 157 billion KRW (around $107 million USD). This has led to the issue of the warrant.
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