HomeMusicHYBE Staff Under Investigation For Insider Trading After Gaining Information About BTS's...

HYBE Staff Under Investigation For Insider Trading After Gaining Information About BTS’s Promotional Plans

-

The case is being investigated.

It was reported on May 31, 2023, that staff from HYBE are being investigated for insider buying and selling. It was reported that they bought their shares after gaining info inside the firm.

Three members of workers had been positioned below suspicion of insider inventory buying and selling utilizing info concerning the actions of world idol teams. The Financial Supervisory Service’s Capital Market Special Judicial Police despatched the circumstances to the Seoul Southern District Prosectors’ Office with indictment opinions.

BTS. | HYBE

According to the envoy, these three workers had been in control of idol-related work in a label inside HYBE. They had bought their inventory holdings earlier than news that BTS would briefly be suspending group actions formally broke. After the short-term suspension was introduced on June 14, 2022, HYBE shares plunged to 24.87% the very subsequent day. By promoting the shares earlier than the news broke out, these workers averted losses of as much as ₩200 million KRW (about $152,000 USD) in complete, based on the market costs on June 15, 2022.

The three workers had been accused of violating Article 174 of the Capital Markets Act, due to the disposal of their shares, after internally studying about BTS’s plans. The Financial Supervisory Service plans to completely examine and sternly reply to any actions that undermine the truthful buying and selling order of the capital market.

Source: MK Korea (1) and (2)

BTS



Content Source: www.koreaboo.com

LATEST POSTS

All the pieces There Is To Know About Taylor’s Controversial Relationship With Matty Healy Forward Of Her New Album

It was identified that this was the primary time that Taylor had ever collaborated with a Black girl in her 17-year profession, and...

‘The Wiz’, ‘Cabaret’ Amongst Week’s High-Incomes Newcomers – Broadway Box Workplace

Broadway‘s spring newcomers continued pulling within the metropolis’s tastemakers, vacationers and the merely curious final week, with general box office down about 10% from the...

Golden Axe Animated Sequence Ordered at Comedy Central

Comedy Central has formally granted a 10-episode collection order to the upcoming animated TV adaptation of Golden Axe, primarily based on Sega‘s well-liked medieval-set online...

“No Evidence Of Suicide Or Homicide” In Park Bo Ram’s Death, Says Singer’s Agency

<!-- -->Park Bo Ram shared this picture. (courtesy: ramramram2)New Delhi: South Korean singer Park Bo Ram, greatest recognized for lending her voice to hit Ok-drama...

Most Popular