The South Korean authorities led a search of Hybi’s headquarters to the headquarters on Thursday July 24, July 24, July 24. The BTS group agency is suspected of fraud as part of a swindle investigation targeting the founder Bang Si-Hyuk. Back on the reasons for the search of the Hybé seat.
Sequisition at Hybe: Bang Si-Hyuk in the viewfinder of South Korean justice
South Korean police searched the agency premises at the start of the day Hybthe agency of the famous K-Pop group, BTS. This search comes within the framework of a fraud and fraud investigation concerning the founder of the agency Bang Si-Hyuk.
The investigation unit of financial crimes of the Metropolitan Police Agency of Seoul confirmed in a brief press release The search. “” We carry out a search and a seizure at the Hybé headquarters, in the District of Yongsan ». The thinking head behind the South Korean boys, Bang Si-Hyuk has been the subject of a survey since 2020. The creator is fraud During the company’s IPO in 2020.
According to the local press, Bang Si-Hyuk would have misleaded the first investors and is Accused of having earned around 200 billion won, or 124 million euros. The Hybe agency communicated on the situation and denies any offense committed by its founder. “” We will duly clarify that the IPO at the time was carried out in accordance with all the relevant laws and regulations ». The company promises ” active cooperation With the authorities to clarify the situation and whiten its founder.
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Return of BTS planned for 2026, under the shadow of an investigation
Before their departure for the military serviceBTS members have marked the world music industry. Indeed, the group has become the first K-Pop group to rise At the top of the Billboard 200 and the Billboard Artist 100 in the United States. They also hold The record of the group most listened to on Spotify. Recognized for their commitment to progressive causes, they have generated an annual economic impact of more than 5.5 Won trillion (more than 3.4 billion euros), or about 0.2 % of South Korean GDPaccording to the Korean Institute of Culture and Tourism.
While the seven members are currently carrying out their compulsory military service, Hybe has recently announced The release of a new album accompanied by a World tour planned for 2026. The group thus plans to return to the music scene next year.
Hybe therefore faces an investigation while BTS’s return is preparing. The agency must imperatively manage this crisis to maintain its projects for 2026.
