Hwang Bo Kyung - YG's CEO was "e.xposed" to an insider transaction of 420 billion, originating from the Burning Sun scandal?

During 2019, YG Entertainment struggled with Seungri's Burning Sun scandal, then suddenly on May 5, this "b.ig man" was accused by SBS News of insider stock trading. According to SBS, many senior leaders of YG, including current CEO Hwang Bo Kyung, have been caught trading inside stocks.

Accordingly, when YG Entertainment listed on KOSDAQ in 2011, the company's stock registration amount was 560 - 1000 billion won (11,200 - 20,000 billion VND) and only on the first day, the stock price was doubled, after the first year it was 100,000 won (2 million VND) per share. The company allocated 210,000 shares (equivalent to VND 420 billion at the increased price) to employees, but Ms. Hwang Bo Kyung bought back these shares.

According to the results of the investigation, the current CEO of YG bought back employee shares in the name of the junior manager, Kim. Hwang Bo Kyung also asked her husband's friend to transfer m.oney privately to Kim's manager to buy shares. Profits from the sale of shares are in Kim's account, used to pay for living expenses and construction costs. After many years, currently Hwang Bo Kyung is the CEO (executive director) of YG, and manager Kim has also been promoted to CFO (chief financial officer).

Previously, the former CEO of YG, Yang Min Suk (Yang Hyun Suk's younger brother) also bought insider shares under the name of an employee surnamed Ha. This stock transaction is done using Ha's bank account.

At the end of the investigation, there were a total of 3 senior YG personnel who bought and sold insider stocks under the names of other employees, 2 of whom knew in advance about the potential price increase of the shares they were in charge of investing in, it's Hwang Bo Kyung and Kim. The case seemed to be buried but was e.xposed due to its involvement in the Burning Sun case in 2019.

Currently, the SBS reporter is unable to contact Hwang Bo Kyung and Kim. A representative of YG explained to the Tax Department, "The demand for shares of the company's employees was quite low, so we completed the transaction using a borrowed name. This disrupted the capital source, affecting the financial f.low of the company. company". However, the National Tax Service did not accept this explanation.

After more than a year of trial with many trials, the Burning Sun scandal of Seungri (former BIGBANG member) has not been resolved. Not long ago, the witnesses who were prostitutes in the case had "turned the case", claiming they had no specific connection with the youngest member of BIGBANG, and at the same time that their testimony in the file The police interrogation was different from the courtroom testimony.

In the previous hearing, the prostitute testified about the time of p.rostitution on December 24, 2015 with Seungri's Japanese guests. This person said that he did not know that the other man was related to Seungri, nor knew they were Japanese and had no sexual relationship. No one even mentioned Seungri at that time.

About continuing to receive offers to sell s.ex, go with Seungri's group at a restaurant early the next morning. This witness said that the man she was with was at the party and Seungri was also there by accident, so the police wrote in the file that this man belongs to the same group as the youngest member of BIGBANG. The g.irl also denied having to sit in a seat reserved for prostitutes.

According to police records, after leaving the restaurant, this prostitute was in Seungri's car for a while. In response to this, this g.irl said, "I never said it was Seungri's car, nor did I know that it was Seungri's car."

This is completely different from the testimonies published in the previous trial. Here, according to the interrogation file, this g.irl confessed to selling s.ex to Seungri's Japanese customers at a hotel in Yongsan, Seoul in December 2015. In the same month, she also sold s.ex once at Seungri's house, but at the request of Yoo In Suk - former CEO Yuri Holdings, husband of actress Park Han Byul.

When the former BIGBANG member's lawyer asked, "Did Seungri say anything directly at the scene?", this g.irl replied, "Seungri didn't give any orders, I never spoke to him. he". Thus, this g.irl denied having a connection with Seungri, and said that the police had wrongly recorded her interrogation.

The intense "flip" of this case has attracted great attention from Korean public opinion.

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