Bang Si-VhykChairman of the K-Pop giant Hybe that house BTS and Le Sserafim, among others, have expressed regret About how ongoing investigations of him and his companies in South Korea have affected the organization and its stakeholders.
“In the past year,” he wrote in an e -mail message to the company’s employees, “much has been said and written about me in the press. To a greater extent, I think these events cause confusion and concern for you, as well as our artists, fans and partners.” E -mail was first reported by Forbes.
Hybe and Bang are currently being investigated by authorities in South Korea. Most recently, Hybe was investigated by tax authorities in South Korea over alleged market violations, according to Korea Herald. Earlier this year, Hybe’s office was attacked regarding allegations of insider trading by a former CEO. Last year reported reports that Bang and Hybe were investigated over Insider trading charges related to 2020 IPO of Hybe, then great hit entertainment. Hybe was reclassified from Big Hit 2021.
“I will return to Korea to fully and in an open way work with investigators and set these accusations of resting,” wrote Bang, which is currently in the United States “in particular, I feel a deep sense of regret to know that our members and artists, who should be focused on their creative and professional goals, may suffer from this situation …
BTS, by far the most globally recognized group on Hybe’s list, has been on an extended interruption since last year due to the members’ mandatory military service. A comeback in March 2026 is in work.
Hybe shares increased seven percent during the day, to 277,500 South Korean won, or about $ 200.