FIFTY FIFTY faces backlash after posing with investor David Yong

Fourth-generation girl group FIFTY FIFTY is drawing online criticism after appearing in a video with investor David Yong, who faces 17 criminal charges in Singapore.

Yong posted the footage on Instagram to mark the members becoming promotional ambassadors for Hanam City. The clip shows the group members alongside the investor, who has ties to their label ATTRAKT through his company Power Entertainment.

Yong was first charged in 2024 with four counts of falsifying accounts for Evergreen Group Holdings, followed by one additional count in 2025. In March 2026 he faced twelve more charges for conspiring to make false entries and issuing illegal loans, bringing the total to 17.

ATTRAKT had previously stated it had cut ties with Yong after the initial charges, yet netizens noted recent sightings of him with the label’s CEO and his firm’s role as a partner on FIFTY FIFTY’s Asia Fancon Tour. Fans of former members Ablume have been especially vocal about the association.

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Dramatic illustration depicting Seoul police seeking arrest warrant for HYBE Chairman Bang Si-hyuk over alleged stock trading violations.
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Police seek arrest warrant for HYBE chairman Bang Si-hyuk

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Seoul police have requested an arrest warrant for HYBE Chairman Bang Si-hyuk on suspicions of unfair stock trading under the Capital Markets Act. The allegations stem from 2019, when he reportedly misled investors about the company's IPO delay, acquiring shares cheaply for nearly 200 billion won ($135.9 million) in profits. Bang denies the claims and expressed regret over the warrant request despite his cooperation.

F&F Entertainment has issued a formal apology after AHOF members Steven and Chihen faced backlash for filming during a baseball game. The incident occurred on June 14 at Daegu Samsung Lions Park.

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Prosecutors in Seoul have rejected a police request for an arrest warrant against Hybe chairman Bang Si-hyuk, citing insufficient evidence for detention. Bang faces accusations of deceiving investors into selling shares before the company's 2019 IPO. Police plan to review reapplying after further investigation.

On June 29, HYBE Labels issued statements via Weverse detailing recent legal progress against malicious online posts, privacy invasions, and related offenses targeting their artists.

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Starbucks Korea's 'Tank Day' promotion, launched on May 18, has triggered widespread backlash, causing a sharp sales drop and raising financial risks for parent Shinsegae Group.

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