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HYBE FOUNDER BANG SI-HYUK REFERRED TO PROSECUTORS

AI DESK1 MIN READ
THU, SEP 3, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

South Korean police have referred K-pop billionaire Bang Si-hyuk to prosecutors following a lengthy investigation into allegations that he misled investors before Hybe's 2020 public listing.

The founder of BTS agency Hybe Co. faces scrutiny over his conduct during the company's initial public offering. Police completed their investigation into the matter and handed their findings to prosecutors, who will determine whether to pursue charges. The investigation centered on claims that Bang provided false or misleading information to potential investors ahead of the 2020 listing. Hybe went public on the Korea Exchange, becoming one of South Korea's largest entertainment companies. The referral marks a significant development in the case, though it does not guarantee formal charges will be filed. Prosecutors will review police evidence and conduct their own assessment before deciding next steps. Bang Si-hyuk founded Hybe in 2005 and built it into a global powerhouse through managing BTS, the world's biggest boy band. His net worth has been estimated in the billions.

■ SOURCES

Bloomberg Tech

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