By means of AFP
SEOUL: 3 staff at HYBE, the company at the back of Okay-pop megastars BTS, had been accused of insider buying and selling by way of South Korea’s monetary watchdog over percentage gross sales prior to the gang’s bombshell “hiatus” announcement.
In a YouTube video posted on June 14 final 12 months, BTS’ band individuals instructed enthusiasts they have been taking a destroy from the supergroup to concentrate on their solo careers, mentioning exhaustion and the pressures in their stratospheric luck.
The corporate’s percentage worth fell just about 25 consistent with cent when the marketplace opened the day after the announcement, wiping just about 2 trillion received ($1.5 billion) off its price.
3 HYBE staff, whose identities had been withheld, had prior wisdom of the announcement and offered their stocks prior to it used to be made public, pocketing loads of hundreds of thousands of received illegally, the Monetary Supervisory Carrier stated in a observation Wednesday.
“We referred the 3 officers, considered one of whom is a workforce chief, to the prosecution with the opinion that they will have to be indicted,” the watchdog stated.
The watchdog additionally criticised HYBE for making the market-moving announcement in a YouTube video quite than an respectable observation or regulatory submitting, which they stated had “irritated buyers’ confusion”.
Leisure businesses will have to have a gadget the place vital data for buyers is made public “transparently and thru a proper channel”, it stated.
Whilst BTS cited exhaustion as a reason why for its determination to droop staff job, many analysts stated the hiatus used to be strategic, with South Korea’s necessary 18-month army provider looming for person band individuals.
All South Korean able-bodied males underneath the age of 30 will have to carry out round two years of army provider, basically since the nation stays technically at conflict with nuclear-armed North Korea.
Two of the fame septet’s individuals, Jin and J-Hope, enlisted within the military in December 2022 and April this 12 months respectively, with the rest 5 anticipated to observe within the years — or months — forward.
HYBE didn’t reply to an AFP request for remark.
SEOUL: 3 staff at HYBE, the company at the back of Okay-pop megastars BTS, had been accused of insider buying and selling by way of South Korea’s monetary watchdog over percentage gross sales prior to the gang’s bombshell “hiatus” announcement.
In a YouTube video posted on June 14 final 12 months, BTS’ band individuals instructed enthusiasts they have been taking a destroy from the supergroup to concentrate on their solo careers, mentioning exhaustion and the pressures in their stratospheric luck.
The corporate’s percentage worth fell just about 25 consistent with cent when the marketplace opened the day after the announcement, wiping just about 2 trillion received ($1.5 billion) off its price.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2′); );
3 HYBE staff, whose identities had been withheld, had prior wisdom of the announcement and offered their stocks prior to it used to be made public, pocketing loads of hundreds of thousands of received illegally, the Monetary Supervisory Carrier stated in a observation Wednesday.
“We referred the 3 officers, considered one of whom is a workforce chief, to the prosecution with the opinion that they will have to be indicted,” the watchdog stated.
The watchdog additionally criticised HYBE for making the market-moving announcement in a YouTube video quite than an respectable observation or regulatory submitting, which they stated had “irritated buyers’ confusion”.
Leisure businesses will have to have a gadget the place vital data for buyers is made public “transparently and thru a proper channel”, it stated.
Whilst BTS cited exhaustion as a reason why for its determination to droop staff job, many analysts stated the hiatus used to be strategic, with South Korea’s necessary 18-month army provider looming for person band individuals.
All South Korean able-bodied males underneath the age of 30 will have to carry out round two years of army provider, basically since the nation stays technically at conflict with nuclear-armed North Korea.
Two of the fame septet’s individuals, Jin and J-Hope, enlisted within the military in December 2022 and April this 12 months respectively, with the rest 5 anticipated to observe within the years — or months — forward.
HYBE didn’t reply to an AFP request for remark.