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BTS Creator Faces Probe Over K-pop Agency's IPO Disclosures
The Straits Times
|July 18, 2025
Mr Bang Si-hyuk, the billionaire founder of K-pop agency Hybe, faces investigation by South Korean prosecutors for allegedly misleading investors ahead of its 2020 initial public offering (IPO).
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SEOUL -
Mr Bang, also known as "Hitman" Bang, is widely recognized as the creator of the globally successful K-pop group BTS. He established Big Hit Entertainment in 2005, whose name was later changed to Hybe. BTS earlier in July announced a new album and a world tour after its members recently completed military service.
The Financial Services Commission (FSC) referred to prosecutors the largest shareholder of an unidentified company and its former executives on allegations of deceiving investors and violating trading practices. While the FSC did not name the probe's targets in its statement, a person familiar with the investigation told Bloomberg that the company in question was Hybe.
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