HYBE is showing weakness early in the trading session on the 29th. The news that Chairman Bang Si-hyuk is under investigation for fraudulent trading by the Financial Supervisory Service has brought owner risk to the forefront.
As of 9:08 a.m. on that day, HYBE is trading at 266,000 won, down 13,000 won (4.66%) from the previous trading day.
According to the financial investment industry, the FSS is currently investigating Chairman Bang for allegedly misleading existing shareholders about IPO plans before selling their equity. Chairman Bang entered into an agreement to receive 30% of the profit from the sale of equity in a private equity fund established by an acquaintance before HYBE's IPO in 2020. The amount Chairman Bang received after the HYBE IPO totals 400 billion won.