Three HYBE Employees Jailed For Insider Trading Linked To BTS Enlistment: Report
Three HYBE employees were sentenced for insider trading related to BTS's enlistment. The Seoul Southern District Court imposed fines and suspended prison sentences.
Three employees associated with HYBE Corporation have been sentenced for insider trading related to confidential information about BTS's military enlistment. The Seoul Southern District Court delivered its verdict on Tuesday, imposing fines and suspended prison sentences on the individuals for violating the Financial Investment Services and Capital Markets Act.
Kim, a 37-year-old employee from HYBE's subsidiary Source Music, was handed a 10-month prison sentence, suspended for two years. He was also fined 231 million won (approximately Rs 1.45 crore). Former employees Lee, 33, from BigHit Music, and another 41-year-old from Belift Lab received six-month suspended jail terms and fines of 51 million won and 65 million won, respectively.
The court found that the employees had used non-public information about BTS's enlistment to avoid financial losses by selling their HYBE shares before the official announcement. The firm revealed in a YouTube video on June 14, 2022, that BTS would be halting group activities due to member Jin's military service. This news caused HYBE's stock to plummet by 24.78% the following day.
According to the court, 'An artist's actions have a significant impact on revenue in an entertainment company, so whether they continue or suspend activities is a highly sensitive matter." It added, 'This offence deserves strong social condemnation as it is a serious crime that compromises the fairness of the capital market."
In addition to the fines, the court also ordered the confiscation of the amount equivalent to the financial losses the employees avoided through their actions.
Meanwhile, BTS has resumed group preparations and is currently undergoing a two-month creative boot camp in the United States. The band is expected to release a new album in the spring of 2026. All members, except Jin—who is on a solo world tour—are in Los Angeles. Jungkook is reportedly planning a solo tour as well, and V recently performed at Lollapalooza Berlin 2025, where he gave a heartfelt shoutout to Jimin for his unwavering support.
First Published:
July 23, 2025, 16:19 IST
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