Police raided HYBE's offices, investigating chairman Bang Si Hyuk for potential IPO fraud and market violations.

Police raided HYBE's headquarters in Seoul, investigating allegations that Chairman Bang Si Hyuk misled early investors about the company's IPO plans in 2019, potentially profiting around $146 million. The investigation, now led by police, involves claims of fraudulent trading and violations of the Capital Markets Act. HYBE's CLO reassured employees that the company is cooperating to clarify the situation.