HYBE tycoon is about to go to jail, BTS's 'pet chicken' is difficult to reunite, fans are dumbfounded?

The news that the chairman of HYBE Group - Bang Si Hyuk was investigated by the police on suspicion of being involved in fraudulent and fraudulent transactions is causing a stir in public opinion.

In addition to the controversy surrounding the incident, many viewers are concerned that this scandal may significantly affect the artists under HYBE. BTS's fan community in Korea and internationally has shown mixed reactions.

Many fans are worried, worried that the scandal may disrupt BTS's reunion plans. The group plans to return after RM and V are scheduled to be discharged on June 10, Jungkook and Jimin on June 11, and Suga on June 21, 2025.

However, many other opinions defended Mr. Bang Si Hyuk, saying that the allegations of insider trading that the public mentioned were mainly related to a former CEO who left the company a long time ago and did not reflect the nature of HYBE's current operations.

Although the official return date has not yet been confirmed, HYBE has repeatedly stated that the group's new content and performances are in the works. In March, HYBE CEO Park Ji Won said at a shareholder meeting that the company was in talks with top musicians and producers. Besides, members also need time to settle down and be creative after completing military service. HYBE remains committed to maintaining BTS's product launch roadmap and promotional activities, and emphasizes the importance of transparency in corporate governance.

An executive in the entertainment industry said that the uproar related to Bang Si Hyuk is unlikely to ruin BTS's plans. Fans are now looking forward to the next developments, hoping that the company will quickly clarify all doubts so as not to affect the global group's comeback journey.

Earlier, the Seoul Police Department filed a request for the Seoul South District Prosecutor's Office to approve a search warrant for HYBE Group and related parties because of suspicion of fraudulent illicit transactions by Chairman Bang Si Hyuk.

Korean media reported that the police's financial crimes investigation unit has been pursuing the case since the end of last year, after detecting signs of irregularities in transactions between Mr. Bang and a private investment fund (PEF) run by a confidant. Previously, the request for the first search at the end of April was denied, so the police were forced to add evidence before resubmitting.

Police suspect that HYBE has been taking steps to prepare for an IPO before September 2019. This is the time when the company applied for a designated audit but informed investors that it had no plans to go public on the stock exchange. The response documents at that time from HYBE's board of directors all affirmed that the group had not considered listing due to an unfavorable market.

However, only 1 year later, HYBE officially issued shares in October 2020, based on the audit report mentioned above. The Financial Supervisory Service (FSS) is also moving forward with the transfer of the case to the prosecutor's office with a proposed criminal prosecution against the state president. He is suspected of signing a profit-sharing agreement of up to 30% with related investment funds and earning about 400 billion won (about 7.4 trillion VND), but did not disclose these terms in the IPO filing.

If the charges are confirmed, Bang Si Hyuk could face a severe penalty of five years or more in prison or even life imprisonment if the amount of illicit profits exceeds 5 billion won, according to market law.

In case the chairman was involved in a serious lawsuit, before HYBE, there was YG's Yang Hyun Suk. Mr. Bang's mistakes are personal, basically, the operation plan of the artists under his command (divided by affiliated company) will still take place. Investment capital may be affected by the investigation.

The state president's scandal may affect the market price and shares of HYBE. The more difficult the group is, the more the activities of key artists (BTS, SEVENTEEN, TXT...) must be promoted and effective to revive their reputation.

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