Bang Si Hyuk's Dramatic Appearance for Police Questioning!

In a shocking turn of events, Bang Si Hyuk, the chairman of HYBE, made headlines as he arrived for police questioning on September 15 at 10 AM KST. This marks a pivotal moment as he faces allegations linked to serious violations of the Capital Markets Act!

The Allegations That Are Shaking the Industry!

Bang Si Hyuk is under scrutiny by the Seoul Metropolitan Police Agency's Financial Crimes Investigation Unit, delving into claims that he misled investors regarding a planned IPO in 2019. According to sources, he allegedly deceived existing stakeholders before selling their shares to SPC—a company created by a private equity fund, which includes HYBE executives!

A Somber Presence: Bang Si Hyuk’s Apology!

Dressed sharply in a suit, Bang Si Hyuk approached the media throng with a visibly somber demeanor, offering a brief apology as he stood before the cameras. 'I apologize for causing concern due to my actions. I will faithfully cooperate with the police investigation today,' he stated.

What’s Next for Bang Si Hyuk?

As Bang Si Hyuk faces this monumental legal challenge, the future of HYBE and its reputation hangs in the balance. With his first-ever interrogation underway, industry insiders and fans alike are eagerly watching this unfolding saga that could reshape the landscape of South Korea's entertainment empire.