Archive · 1 Feb 2026
Prosecutors probing HYBE chairman transferred amid fraud case
Bang Si-hyuk, also known as Hitman Bang, is the chairman of HYBE, a big music company.
He is being investigated for possibly breaking the rules about stock trading.
The people investigating him have been moved to different jobs.
This happened because the government is reorganizing the prosecutors' office.
Bang is accused of telling shareholders that the company's listing would be delayed in 2019, even though the company was actually preparing for it.
The police have also stopped him from traveling outside the country.
Around 927 prosecutors were moved in this big change.
Prosecutors investigating HYBE Chairman Bang Si-hyuk for alleged fraudulent trading have been transferred.
The transfer is part of a larger reorganization of prosecutors by the Ministry of Justice.
Bang is accused of misleading shareholders about HYBE's listing plans in 2019.
An overseas travel ban has been imposed on Bang by the Seoul Metropolitan Police.
Around 927 prosecutors were affected in the transfer, including 569 senior and 358 general prosecutors.
- Who
- Bang Si-hyuk (Hitman Bang), Chairman of HYBE
- What
- Prosecutors investigating fraud allegations against Bang have been transferred
- When
- Investigation started in December 2024; prosecutors transferred on January 29, 2025
- Where
- South Korea
- Why
- Allegations of misleading shareholders about HYBE's listing plans in 2019
- Subject
- Bang Si-hyuk (Hitman Bang)
- Role
- HYBE Chairman and Music Executive
- Allegations
- Fraudulent trading (Capital Markets Act violation)
- Investigation Start
- December 2024
- Prosecutors Transferred
- January 29, 2025
- Number of Prosecutors Transferred
- 927 (569 senior, 358 general)
- Travel Ban
- Overseas travel ban imposed by Seoul Metropolitan Police
- Alleged Incident Year
- 2019