South Korean Police Seek Arrest of K-pop Mogul Behind BTS
South Korean police are seeking the arrest of Bang Si-Hyuk, the chairman of the agency behind K-pop supergroup BTS, on allegations of investor fraud. The Seoul Metropolitan Police Agency has requested a court warrant for Bang's arrest, accusing him of misleading investors in 2019. Bang allegedly told investors that Hybe had no plans to go public, prompting them to sell their shares, before the company proceeded with an IPO. The police believe Bang received a significant financial benefit from this scheme.