Hybe Chairman Bang Si-hyuk is under investigation by South Korea’s financial watchdog for alleged fraudulent trading. The probe has raised concerns among BTS fans about the group’s highly awaited comeback, but experts say the scandal is unlikely to delay the reunion.
Reports say the Financial Supervisory Service is investigating claims that Bang misled investors during Hybe’s 2019 pre-IPO period. Investigators have found evidence that Bang privately told some institutional investors the company would not go public, even as it prepared for its stock debut.
Bang is also accused of secretly profiting around 400 billion won ($289.7 million) through undisclosed agreements with private equity funds.
Neither Hybe nor the financial authorities have officially confirmed the investigation, but the silence has stirred speculation about potential legal action. A police investigation is also reportedly underway.
Despite the controversy, BTS fans remain hopeful. The group is set to reunite later this year after all seven members complete their mandatory military service by June 21, the day Suga is discharged. Jin, J-Hope, RM, V, Jungkook, and Jimin are also finishing their service soon.
Hybe has stated it is preparing new music and performances for BTS. An industry insider said the scandal focuses on Bang’s personal affairs and will not directly affect BTS or their comeback plans. The source noted BTS members have strong solo careers and can regroup creatively without disruption.
While the investigation could hurt Hybe’s reputation, it is unlikely to stop BTS from returning to the stage. Fans continue to support the group, confident their activities will move forward regardless of the company’s challenges.
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