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flag South Korea barred HYBE's chairman from leaving the country over allegations he misled investors about an IPO plan and profited illegally.

flag South Korean authorities have imposed a travel ban on HYBE Chairman Bang Si-Hyuk as part of an investigation into alleged stock fraud linked to the company’s 2020 IPO. flag The Seoul Metropolitan Police Agency restricted his departure on October 1, 2025, citing suspicions of misleading investors in 2019 by claiming HYBE had no IPO plans while secretly preparing for one. flag Authorities allege Bang funneled shares through a special purpose vehicle, enabling a profitable resale and personal gains of about 190 billion won ($138 million) under a secret agreement. flag The probe, which began in December 2024, includes raids at HYBE and the Korea Exchange, and Bang has been questioned twice without comment. flag The case continues as prosecutors examine potential violations of capital markets laws.

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