HYBE reacts to sudden raid amid risk of Bang Si Hyuk’s arrest in 400 billion KRW stock fraud case, will BTS get impacted?

HYBE chairman Bang Si Hyuk, popularly diagnosed as Hitman, modified into as soon as in scorching water for his alleged inventory fraud. He modified into as soon as accused of securing profit price tens of millions of KRW by misleading buyers, main to a search and seizure warrant in opposition to him. In current dispositions within the case, HYBE supplied a assertion relating to the discipline, as reported by Xports Recordsdata on Would possibly perchance 30. Alternatively, it remains unsafe whether the case will affect BTS, and if sure, how.

HYBE’s assertion relating to the Bang Si Hyuk case
A HYBE legitimate addressed the Bang Si Hyuk inventory fraud case and shared the corporate’s stance with Xports Recordsdata on Would possibly perchance 30. They talked about, “We cooperated with the investigative authorities’ search data from to present data relating to the actions of a feeble employee who resigned.” In line with the assertion, it would also additionally be inferred that HYBE tried to shift the blame for unsuitable activities from its chairman to a now-resigned employee.

They showed self belief in Bang Si Hyuk by agreeing to assist police within the hunt and seizure process and shared all data essential for the investigation in opposition to the ex-employee.

Relating to the Bang Si Hyuk inventory fraud case
Bang Si Hyuk and mates allegedly misled buyers in 2019 relating to HYBE’s (then BigHit Entertainment) IPO plans. No topic informing sure buyers of no rapid plans due to wicked market prerequisites, the corporate had already taken concrete steps in opposition to an IPO by applying for a selected audit. This discrepancy is central to a case involving a wide 400 billion KRW deal and alleged hidden income of around 240 million KRW.

Will the case beget an affect on BTS?
BTS is nearing the end of their navy service, with SUGA’s discharge on June 21. Following their discharge, the neighborhood is expected to free up fresh music, likely dropping a brand fresh album inner the next couple of months. This would perhaps seemingly be adopted by an international tour, perhaps kicking off in opposition to early 2026.

Alternatively, the ongoing investigation into HYBE would perhaps forged a shadow over BTS’s comeback plans. As the face of the corporate, BTS also can face undesirable scrutiny and criticism from detractors. The investigation would perhaps additionally affect HYBE’s skill to devise and promote BTS’s comeback successfully, likely main to delays or disruptions in their schedule.