韩国最大娱乐公司掌门人陷IPO欺诈风波

Group 1 - The South Korean financial regulatory authority has reported HYBE's chairman Bang Si-hyuk and former executives to prosecutors, accusing them of fraudulent and improper trading practices [1][3] - HYBE is a leading entertainment company in South Korea, known for its popular artist group BTS, and at one point had a market value reaching several billion dollars [1][3] - The allegations include deceiving shareholders during the company's IPO process and engaging in improper stock transactions to gain substantial profits [5] Group 2 - Bang Si-hyuk allegedly misled early investors in 2019 by claiming there were no plans for an IPO while secretly advancing the listing process and signing agreements with private equity funds [5] - The improper benefits involved over 190 billion KRW (approximately 980 million RMB) from the sale of shares, with a promise of 30% profit from the fund company post-IPO [5] - Following the IPO, the company's stock price plummeted by 70% within a week, resulting in significant losses for ordinary investors in South Korea [7] Group 3 - The financial regulatory authority's action is considered the most severe measure against individuals violating capital market laws, with potential prison sentences of over five years for profits exceeding 5 billion KRW (approximately 26 million RMB) [7] - HYBE has stated that it respects the financial regulatory authority's decision and will actively clarify any related doubts during the investigation [7]