Police Refer Bang Si-hyuk Toward Indictment Over Alleged HYBE IPO Fraud

South Korean police referred Bang Si-hyuk and four others to prosecutors seeking indictment over alleged investor fraud tied to HYBE's 2019 IPO. Bang denies wrongdoing, and no final indictment or guilt has been established; the case remains a major governance and investor-confidence issue despite HYBE's record Q2 revenue.