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In May 2025, the controversy surrounding HYBE chairman Bang Si-hyuk’s 400 billion KRW private agreement has resurfaced. A new report claims that the Financial Supervisory Service (FSS) now considers the deal a case of “fraudulent and unfair trading” and plans to formally request a criminal investigation. But here’s the thing—this story isn’t new. Similar allegations were already reported by multiple media outlets in late 2024. So, what’s actually different this time? What are the real issues at stake, and could this lead to actual legal consequences? In this video, we break down the structure of the contracts during HYBE’s IPO, how the media is framing the narrative, and what this all means from an investor protection standpoint. Let’s take a closer, multi-layered look at the controversy. #HYBE #BangSihyuk #IPOscandal #kpopbusiness Translated article: https://www.patreon.com/posts/prosecu... Related video: • Deep Dive Into Bang Si-hyuk’s "Secret" Dea... Reference: https://www.hankyung.com/article/2025... https://tvreport.co.kr/star/article/9... https://www.joongang.co.kr/article/25... https://www.hankyung.com/article/2024... https://dart.fss.or.kr/dsaf001/main.d... https://www.hankyung.com/article/2024... https://www.moneys.co.kr/article/2024... https://biz.chosun.com/stock/stock_ge... Join the membership to get access to perks: / @hybeboy613 Stream my latest EP: https://shorturl.at/toU7Z Connect with HYBE BOY: patreon.com/c/HYBEBOY x.com/HybeBoy613 온라인 영어 회화 레슨: https://abit.ly/hybeboyenglish