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Bang Si Hyuk's House Raided, Alleged Financial Fraud Case Highlighted

Bang Si Hyuk's House Raided, Alleged Financial Fraud Case Highlighted

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Bang Si Hyuk's House Raided, Alleged Financial Fraud Case Highlighted

Bang Si Hyuk, the founder and chairman of HYBE, has come under scrutiny after his house and office were raided by South Korean authorities. The raid was conducted by the Special Judicial Police of the Capital Markets FSS on December 17-18, 2025.

This action was taken in connection with an investigation into alleged fraud and illegal trading prior to HYBE's IPO in 2019. The case involves the process of stock purchases, the role of executives, and alleged violations of the Capital Markets Act.

Read other news about Bang Si Hyuk on Liputan6.com, let's go! If not now, when?

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The search was conducted by the FSS over two days targeting the home and office of Bang Si Hyuk as part of an official investigation.

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Bang Si Hyuk is suspected of misleading old shareholders about the IPO delay while buying shares before HYBE officially went public.

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At that time, HYBE was said to remain active in preparing for the IPO even though old investors were assured that the process would be delayed.

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He is also suspected of directing the sale of shares through an SPC formed by private equity funds related to HYBE executives.

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The private equity fund is said to have been planned and financed directly by several internal executives of HYBE.

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This case is being investigated through two channels, namely the Seoul Police and the Special Judicial Police of the Capital Market FSS.

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Earlier this month, Bang Si Hyuk's assets related to HYBE were also reported to have been seized by the authorities.