HYBE faces legal scrutiny and reorganizes global label-support operations

HYBE consolidated global label-support work under a new Global Label Services division, with no direct BTS impact established. Korea Investment cut its HYBE price target on October 22 from KRW 330,000 to KRW 270,000 while retaining Buy. Bang Si-hyuk was sent to prosecutors over alleged 2019 investor deception, and a court froze about $193 million in alleged gains; Bang and HYBE deny wrongdoing. Q3 coverage reports revenue up 109.8% year over year to KRW 1.5257 trillion, with weaker net income amid foreign-exchange losses.