HYBE has officially stated its position regarding the controversy surrounding the listing process.
On the 9th, HYBE communicated through an official press release that it is "sorry for causing concern with news related to our listing process."
It also stated, "We are actively cooperating in confirming the facts by submitting detailed explanations and materials regarding the issues currently raised to the financial authorities and police."
Additionally, it noted, "We will sincerely clarify that the listing at that time was conducted in compliance with relevant laws and regulations, even if it takes some time."
Recently, HYBE has been embroiled in allegations regarding stock transactions and compliance with disclosure obligations involving certain officials, and is under investigation by the financial authorities. This has raised concerns that it could impact the entire K-pop industry.
HYBE's position is that it will clarify the facts according to legal procedures.
[Photo] HYBE
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