The representatives of the prosecution are the headquarters of Seoul Flame -K-POP agency behind global actions such as BTS and Seventeen-on Thursday amid allegations of internal trade involved for a former executive official. In a joint statement with diverseThe company confirms that it cooperates with the local authorities with the development of the investigation.
The Public Prosecutors Office in the southern province of Seoul is looking into allegations that the CEO has no longer illegally obtained profits of up to $ 176,500 (240 million WNA) by trading stocks using internal information, for each person. Times Korea.
“We cooperated with the authorities in response to their request to obtain information about the behavior of a former employee,” said a spokesman for Hybe Global.
The identity of the former employee remains hidden as officials investigate this person to buy YG Plus (a company affiliated with YG Entertainment), a deal that was said to have happened after the CEO of the accused of the HIBE plan to invest in the company learned.
Elsewhere, Reports From illegal behavior by the founder and president of the hip, Bang Si-HyukDecember appeared due to the monitoring of the executive authority by the supervisors of financial services in Korea. Although it is separate from the investigation that took place this morning, the financial organizers in Korea are looking into the demands that the Si-Hyuk intentionally misleading before the first general offer of the company in 2020.
In the past five years, the company has worked to expand internationally, with Emerging sectors In global markets including latin america and US.
Haib America refused diverseRequest to comment.
