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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.

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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Hyein and Haerin of NewJeans were seen together in the United States on June 27 accompanied by individuals resembling ADOR staff. The sighting has prompted online discussion among fans regarding the absence of other members and the group's ongoing situation.

South Korea's leading K-pop agencies HYBE, SM Entertainment, YG Entertainment and JYP Entertainment are in early talks to launch a joint global music festival called Fanomenon. The event aims to rival Coachella and debut by the end of 2027. The concept originates from JYP founder Park Jin-young, who leads government efforts to promote Korean culture worldwide.

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The K-pop group NewJeans has announced its return to ADOR following a court ruling upholding their contract through 2029. After a year-long legal battle stemming from internal conflicts at HYBE, the five members expressed intentions to resume activities with the label. The resolution comes after public support for former CEO Min Hee-jin and criticisms of the parent company.

KATSEYE, a six-member girl group styled after K-pop superstars, has debuted under the joint project of Geffen Records and HYBE. The group formed through the trainee program on 'Dream Academy' and released their debut album 'SIS (Soft Is Strong)'. This marks the first-of-its-kind global ensemble in the music industry.

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K-pop label Ador has filed a lawsuit seeking $30 million in damages against ousted NewJeans member Danielle, her family member, and former CEO Min Hee-jin. The action follows the recent termination of Danielle's contract amid ongoing disputes with the group. Ador claims the defendants bear responsibility for delays in NewJeans' return.

 

 

 

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