SEOUL, July 29 (Korea Bizwire) — The National Tax Service (NTS) has launched a tax investigation into K-pop powerhouse Hybe over alleged fraudulent securities transactions related to the company’s initial public offering (IPO), industry sources said Tuesday. According to the sources, the NTS dispatched an investigative team to Hybe’s headquarters in Seoul’s Yongsan district earlier [...]
SEOUL, July 24 (Korea Bizwire) — Police investigating allegations of fraudulent stock deals by Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, raided the company’s headquarters in Seoul on Thursday. The Seoul Metropolitan Police Agency said it sent investigators to Hybe’s head office in the Yongsan district in the morning to seize materials related [...]
SEOUL, May 29 (Korea Bizwire) — Hybe, the K-pop company behind BTS, Seventeen and Enhypen, has set up a Chinese subsidiary to support its artists’ expansion into the market, the company said Thursday. Hybe China Co., Ltd. was launched April 2 in Beijing, becoming Hybe’s fourth overseas branch after those in Japan, the United States [...]
SEOUL, May 28 (Korea Bizwire) — Bang Si-hyuk, founder and chairman of the powerhouse K-pop entertainment company Hybe, has been under investigation over charges that he intentionally misled investors ahead of the company’s stock market debut, industry sources said Wednesday. According to the sources, the Financial Supervisory Service (FSS), the country’s financial watchdog, has been [...]
SEOUL, May 27 (Korea Bizwire) – K-pop powerhouse Hybe said Tuesday it will sell its entire stake in rival SM Entertainment to China’s Tencent for 200 billion won (US$145.5 million). In a regulatory filing, Hybe said it will dispose of 2,212,237 shares of SM Entertainment, which represents a 9.38 percent stake in the company. The [...]
SEOUL, April 29 (Korea Bizwire) – Hybe, the K-pop powerhouse behind BTS, reported a 50 percent year-on-year rise in its operating profit for the January-March period, largely driven by its artists’ expanded global tour activities, the company said Tuesday. Sales rose 38.7 percent to a record 500.6 billion won (US$348 million) for the quarter, marking [...]
SEOUL, April 25 (Korea Bizwire) — K-pop powerhouse Hybe is making a major push into the Latin music market with a new audition program in partnership with U.S. Spanish-language broadcaster Telemundo. The survival-style music competition show, titled “Pase a la Fama,” meaning “Step toward fame” in English, is set to premiere June 8 (U.S. time) [...]
LOS ANGELES, April 4 (Korea Bizwire) — HYBE America is teaming up with one of YouTube’s most popular channels, Alan’s Universe, to launch a new pop group aimed at a global Gen Z audience, the company announced Friday. The collaboration marks a significant strategic move for HYBE America, which has entered into a global partnership [...]
SEOUL, Feb. 21 (Korea Bizwire) — K-pop powerhouse Hybe has partnered with Grammy-winning producer and OneRepublic front man Ryan Tedder to launch a U.S.-based boy group, the company announced Friday. Tedder, Hybe Chairman Bang Si-hyuk and Hybe America CEO Scooter Braun recently embarked on a project to recruit members of the new group through an [...]
SEOUL, Nov. 26 (Korea Bizwire) — Min Hee-jin, the former CEO of K-pop label ADOR, has filed a criminal complaint against its parent company’s public relations executives, alleging misconduct related to their duties in promoting the label’s girl group NewJeans, Min’s representatives said Tuesday. Min filed the complaint with Seoul’s Yongsan Police Station on Monday, [...]