&imwidth=800&imheight=600&format=webp&quality=medium "US Embassy requests for lifting travel ban of HYBE Chairman Bang Si Hyuk amid ongoing stock fraud investigation")
HYBE Chairman Bang Si Hyuk is currently under investigation by South Korean authorities for alleged violations of the Capital Markets Act, specifically fraudulent trading related to HBYE's IPO. Amid the allegations, reports of the US Embassy requesting the lifting of travel ban restrictions on Bang Si Hyuk are doing rounds.
Why is the US Embassy requesting to lift the travel ban of HBYE Chairman Bang Si Hyuk?
United States has requested cooperation from the Korean National Police Agency (KNPA), as per
several reports, in regard to a visit to the country by HBYE Chairman Bang Si Hyuk and other senior executives, despite Bang Si Hyuk being subjected to an overseas travel ban tied to a police investigation.
Also Read: J-Hope’s response to HYBE founder Bang Si Hyuk in BTS: THE RETURN documentary goes viral | Watch
A report by Hanbook Ilbo states the US Embassy in Seoul has delivered a letter to the acting commissioner general of the KNPA requesting cooperation to allow HYBE senior executives – chairman Bang Si Hyuk, CEO Lee Jae-sang and vice president Kim Hyun-jung – to travel to the United States.
Trending Stories
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Who is Abhijeet Dipke? Founder of Cockroach Janta Party leading NEET protests that triggered Dharmendra Pradhan’s resignation
)
US says Turkey still barred from F-35 program until it gives up Russian S-400 system: Report
)
Russia-Ukraine war: Russia activates nuclear beast Admiral Nakhimov amid war
&im=FitAndFill=(700,400))
Why US fighter jets use seamless bubble canopies compared to Russian jets
)
Did the government avert a larger agitation by conceding to CJP's demands? WION Decodes
)
France, Spain wildfires force 267,000 to flee; Macron says, 'We will rebuild'
)
Did scientists miss the real reason behind Gujarat's record rain? Meet the Pacific Decadal Oscillation | WION Decodes
&im=FitAndFill=(700,400))
Why the S-400 fires its missiles straight up into the air
)
Was CJP not controlling the protest? What spokesperson Ashutosh Ranka told WION after Pradhan's resignation
)
NEET Protests riddled with misinformation? Delhi Police blocks 480 Pakistan-based handles spreading 'fake news' since Operation Sindoor
)
Sick of It All vocalist Lou Koller passes away at 59 following cancer battle, tributes pour in
)
Aishwarya Rai and Abhishek Bachchan's New York diaries! Couple's rare appearance goes viral
)
Reacher star Alan Ritchson slams US President Donald Trump over Epstein files; White House fires back
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
He predicted COVID-19 and 2008 economic crisis, was labeled fearmonger. Now he has another dire warning
)
'Vox Populi': Kamal Haasan, Chinmayi, Pa Ranjith react to Dharmendra Pradhan's resignation
)
Pakistan army chief used private oil venture to keep Iran attacks off Saudi Arabia: Report
)
Why more than 75,000 people watched a record Qantas flight on Flightradar24 Friday?
)
After The Odyssey, Matt Damon to star in sci-fi film? Actor reveals details of upcoming project
)
Dharmendra Pradhan resignation: Expert explains BJP's next move & CJP protest impact
)
Hidden in British archives: Scientists decode 200-year-old Indian scroll that helped sailors cross one of the world's toughest seas
&im=FitAndFill=(700,400))
Finished Kay Kay Menon's Adarsh Baal Vidyalaya? Here are 5 binge-worthy Hindi OTT series to stream next
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
ChatGPT invoked God, told pastor not to worry about his symptoms. Then pulmonary embolism hit
)
Sam Heughan and KT Tunstall steal the show at Commonwealth Games 2026 opening ceremony
&im=FitAndFill=(700,400))
Jennifer Winget and William Ishmael's dreamy UK intimate wedding: See inside photos
)
Shah Rukh Khan spends quality time with wife Gauri and children in London; videos go viral
)
Google ends Play Services Support, likely to stop these Android phones from downloading apps & games
Reportedly, their US visit includes attending celebrations marking the 250th anniversary of Independence Day on July 4, as well as supporting BTS during the group's US leg of its world tour. Earlier, US President Donald Trump had announced plans for an unprecedented large-scale Independence Day event in Washington, DC, including an Ultimate Fighting Championship event. For lifting a travel ban, reportedly, it requires the Ministry of Justice to convene a review committee and make a determination following a request from the ivestigative agency.
HYBE's statement in regard to US Embassy letter
As per the report of The Korea Herald, HYBE has denied the US Embassy letter sent to Korean police, seeking to lift a travel ban on Chairman Bang Si Hyuk. A HYBE official stated, "We have not requested the US Embassy to seek the lifting of Chairman Bang's travel ban. We do not have anything to add on that matter."
All about Bang Si Hyuk's stock fraud case
As per reports, Bang is a reported suspect on charges of violating the Capital Markets Act. Recently, the Seoul Metropolitan Police Agency's Financial Crime Investigation Unit imposed an overseas travel ban.
Reportedly, he is under suspicion that in 2019, during the process of purchasing shares from existing shareholders before HYBE's listing, he misled existing shareholders to believe the listing would be delayed, even though HYBE was proceeding with preparations for listing.
For the unversed, Bang Si Hyuk made his debut as a composer while in college. When Park founded his company JYP Entertainment, Bang joined him as a composer, arranger, and producer. One of their early successes was the first-generation group g.o.d. Besides g.o.d., Bang has produced or composed for many other artists, including veterans Im Chang-jung and Park Ji-yoon, singer-actor Rain, groups Wonder Girls, 2 AM, and Teen Top, and R&B singer Baek Ji-young.
