Prosecutors raided Seoul Headquarters Hib Amidst the allegations of insider trading involving a former executive on the K-Pop agency-Thursday behind global acts like BTS and seventeen. In a statement shared with DiversityThe company confirms that it is collaborating with local authorities as the investigation comes out.
The office of Seoul Southern District Prosecutors is looking into the allegations that an illegal now with an executive company makes a profit of $ 176,500 (240 million won). Korea Times,
“We collaborated with the authorities in response to their request for information related to the operation of a former employee,” said a spokesman at Hybe Global.
The identity of the former employee is hidden as the authorities examine the purchase of shares of the person’s YG Plus (an affiliated to YG Entertainment), a transaction said that the accused executive has learned about HYbe’s plan to invest in the company.
Somewhere else, Reports Unlawful conduct at the hands of Hybe founder and president, Bang C-HukKorea’s financial services came to light in December due to an executive monitoring by the supervisors. Although apart from the investigation to be held this morning, C-Huke has objectively misleading investors before the company’s first public offer in the financial regulator 2020 in Korea.
In the last five years, the company has worked to expand internationally Debut area In global markets Latina And this United States,
Hybe America refuses DiversityRequest for comment.
