Seoul, South Korea — September 4, 2026: South Korean police have taken a major step in an investigation involving HYBE Chairman Bang Si-hyuk over alleged irregularities connected to the company’s share transactions.

Investigators have been examining whether Bang provided misleading information to investors and whether transactions surrounding HYBE’s stock offering violated South Korean capital-market regulations.

The investigation has attracted significant attention because HYBE is one of South Korea’s most prominent entertainment companies and is associated with globally successful artists, including BTS.

Police investigators have reportedly gathered evidence as part of a broader examination of the circumstances surrounding HYBE’s transition into a publicly traded company. Authorities are seeking to determine whether investors were given accurate information before the company’s listing.

The case centers on allegations that investors may have been affected by information concerning HYBE’s ownership structure and the company’s planned stock-market debut. Investigators are examining communications and financial transactions connected to the matter.

South Korean police have moved toward requesting prosecution in the case after completing a significant portion of their investigation. The final decision on whether criminal charges will proceed rests with prosecutors and the judicial authorities.

Bang Si-hyuk has previously denied wrongdoing and maintained that the transactions were conducted in accordance with applicable regulations.

The investigation has placed renewed attention on corporate governance and financial transparency within South Korea’s rapidly expanding entertainment industry.

Authorities are continuing to review the evidence before the next stage of legal proceedings. Any allegations against the chairman remain unproven unless established by a court.