HYBE Chairman Bang Si-Hyuk's ₩157B Shares Seized in Fraud Probe

• HYBE Chairman Bang Si-Hyuk's 157 billion KRW shares were seized amid a fraud investigation.
• The investigation concerns alleged fraudulent trading linked to HYBE's pre-IPO activities.
• Bang is accused of misleading early investors and benefiting from a share transfer to an SPC.
• Potential penalties include life imprisonment if found guilty and gains exceed 5 billion KRW.
• Bang is cooperating with authorities, expressing regret for the impact on artists and employees.

Why It Matters: Bang Si-Hyuk's fraud investigation threatens HYBE's stability and reputation.