Bang Si-Hyuk Arrest Warrant Sought Over HYBE Scam

0:00South Korean police are pushing for an arrest warrant on Bon C. Hick, the chairman of H-Y-B-E, the powerhouse agency behind BTS. Their probing claims he illegally snagged over $100 million from an investor scam. The case kicked off last November. Back in 2019, bang allegedly tricked investors by saying H-Y-B-E had no IPO plans, pushing them to dump shares cheap to a private equity fund. In the company went public, and police say he scored around $200 billion or about $136 million in a secret. Side deal. Bang built H-Y-B-E from Big Hit Entertainment back in 2005, shaping K-Pop giants like BTS, 17, Laceraphim, and Katee. He's one of the industry's heavyweights, but this scandal hits H-Y-B-E hard on the PR front. Meanwhile, BTS is firing up fans worldwide after their military break. They rocked a free comeback show in Seoul last month for tens of thousands, plus gigs

1:00in Goyang and Tokyo. As police chased that warrant in H-Y-B-E stays quiet, this could shake the K-Pop throne bang helped create, watch how the beats drop next. Stay informed with Canada News Today, AI-powered updates. I'm Corey with The Story.