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‘Fraudulent Trading’ Allegations Against Bang Si-hyuk Nearing Conclusion… 50 Arrested in Private Revenge Cases n.news.naver.com/article/008/00… Reporter Choi Moon-hyuk Police announced that they are close to concluding their investigation into Bang Si-hyuk, who is suspected of fraudulent and unfair trading amounting to approximately 190 billion won. Park Sung-joo, head of the National Office of Investigation at the National Police Agency, stated during a regular press briefing held on the morning of the 13th at the National Police Agency headquarters in Seodaemun-gu, Seoul, “Most of the investigation related to Chairman Bang has been completed,” adding, “We expect to reach a conclusion soon.” Police launched the investigation into Chairman Bang in late 2024, but have yet to reach a conclusion. It has also been five months since Chairman Bang underwent a summons investigation. Chairman Bang is accused of misleading existing investors prior to HYBE’s 2019 public listing by suggesting that the IPO would be delayed, then having them sell their shares to a special purpose entity established by a private equity fund (PEF) created by a HYBE executive. During this process, Chairman Bang is suspected of obtaining approximately 190 billion won in illicit profits. Chairman Bang’s side is reported to deny the allegations.