HYBE Founder Bang Si-Hyuk's Residence Raided in Unfair Trading Probe

• FSS Special Judicial Police raided Bang Si-Hyuk's home and office on December 17-18.
• The raids are part of an investigation into alleged fraudulent trading under the Capital Markets Act.
• Bang is accused of misleading investors about IPO plans and benefiting from an undisclosed PEF deal.
• If found guilty and gains exceed 5 billion KRW ($3.64 million), he could face life imprisonment or a minimum of five years.
• Bang Si-Hyuk assured employees of full cooperation with investigators, expressing regret for the situation.

Why It Matters: HYBE founder Bang Si-Hyuk faces serious unfair trading allegations, leading to FSS raids and potential prison time.