Furthermore,
Agency k-pop group searched suspicions:
The investigation comes as the seven members of BTS perform their compulsory military service. Furthermore, are preparing for their return next year. Consequently,
agency k-pop group searched suspicions Published the 24/07/2025 11:52
Reading time: 2min
The agency of the famous K-POP BTS group Hybe was searched by police Thursday, July 24, as part of a fraud investigation involving its founder Bang Si-Hyuk, agency k-pop group searched suspicions the investigators said.
“We perform a search. a seizure at the Hybé headquarters, in the District of Yongsan,” said the investigation unit of financial crimes of the Metropolitan Police Agency in Seoul in a brief press release.
Bang Si-Hyuk. the brain behind the South Korean boys band, is the subject of an investigation into allegations of fraud during the IPO of the company in 2020.
He would have misleaded the first investors. is accused of having won around 200 billion won ($ 146 million) during the process, according to local media.
Hybe denied that Bang committed any offense. “We will clarify duly that the IPO at the time was carried out in accordance with all the relevant laws. regulations,” said the company in a statement in early July, promising a “Active cooperation” with the authorities to shed light on the case.
The investigation comes as the seven members of BTS agency k-pop group searched suspicions perform their compulsory military service. are preparing for their return next year.
Hybe recently announced that a new album and a world tour were scheduled for 2026.
BTS. known to defend progressive causes, holds the record of the group most listened to on Spotify and has become the first K-Pop group to dominate both the Billboard 200 and the Billboard Artist 100 in the United States.
Before their military service, BTS had generated more than 5.5 Won trillions ($ 4 billion) of annual economic impact, according to the Korean Institute of Culture and Tourism. This represents approximately 0.2% of the total GDP of South Korea, according to official data.
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Agency k-pop group searched suspicions
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