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'Chairman Bang Si-hyuk attends the police station
(Seoul = Yonhap News) Reporter Kim In-cheol = Chairman Bang Si-hyuk, who is suspected of deceiving investors to sell their shares ahead of the initial public offering (IPO), is attending the Seoul Metropolitan Police Agency's financial crime investigation unit as a suspect on the 15th. 2025.9.15
yatoya@yna.co.kr
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'Chairman Bang Si-hyuk attends the police station
(Seoul = Yonhap News) Reporter Kim In-cheol = Chairman Bang Si-hyuk, who is suspected of deceiving investors to sell their shares ahead of the initial public offering (IPO), is attending the Seoul Metropolitan Police Agency's financial crime investigation unit as a suspect on the 15th. 2025.9.15
yatoya@yna.co.kr
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HYBE Chairman Bang Si-hyuk, who is suspected of tricking investors into selling his stake ahead of the initial public offering (IPO), attended the police.
Chairman Bang appeared at the Seoul Metropolitan Police Agency's Financial Crime Investigation Unit building at 10 a.m. on the 15th. Appearing in a black sedan and wearing a suit, he appeared in front of reporters "I apologize for causing concern to you." I will do my best to investigate today", and then went into the building. The following question was answered only "I'll tell you in the investigation."
The Seoul Metropolitan Police Agency's financial crime investigation team will summon Chairman Bang as a suspect and investigate allegations such as violation of the Capital Market Act.
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| Chairman Bang Si-hyuk's police summons. Capturing KBS News Broadcasting Screen |
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Chairman Bang is accused of having existing investors, including venture capital, hand over their shares to a special purpose corporation (SPC) established by a private equity fund related to him (fraudulent fraud under the Capital Markets Act), after saying to existing investors, including venture capital, in 2019 before going public. Investors who believed the remarks sold their holdings, but suspicions were raised that Hive was already in the process of pre-IPO process at the time.
Police believe Bang took 30 percent of the gains from the stock sale from a private equity fund through the process, earning about 190 billion won in unfair gains.
The case began with intelligence at the end of last year, and a special judicial police officer at the Financial Supervisory Service, under the direction of the prosecution, is also conducting a separate investigation.
On the other hand, Hive's position is that there are no violations of related laws and regulations and there is no obligation to report. Chairman Bang also completely denies the allegations, saying, `We have not provided false information to early investors, and the terms of profit distribution are also based on the investor's proposal.'
Last August, I emailed all of my employees to see if they missed anything in the growth process, and I'm committed to protecting Hive from harm to artists and staff"I will continue to investigate faithfully.", he also said.
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'Chairman Bang Si-hyuk attends the police station
(Seoul = Yonhap News) Reporter Kim In-cheol = Chairman Bang Si-hyuk, who is suspected of deceiving investors to sell their shares ahead of the initial public offering (IPO), answers reporters' questions at the Seoul Metropolitan Police Agency's financial crime investigation unit in Mapo-gu, Seoul on the 15th as a suspect. 2025.9.15
yatoya@yna.co.kr
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