HYBE, Home of BTS, Raided in Insider Trading Investigation
The post HYBE, Home of BTS, Raided in Insider Trading Investigation appeared first on Consequence.
HYBE, the management company behind BTS and other major K-pop acts, has been raided by prosecutors as part of an insider trading investigation.
According to The Korea Times, the Seoul Southern District Prosecutors' Office recently searched the company's headquarters in central Seoul over allegations of an executive using insider information to gain profits of $176,500 (240 million won).
This executive is being investigated after he allegedly purchased shares of fellow K-pop agency YG Entertainment's subsidiary YG Plus after learning of HYBE's investment plans in the company.
In January 2021, HYBE and its technology subsidiary, Weverse Company, acquired 17.89% of YG Plus in a merchandising and distribution deal.
Separately, Bang Si-hyuk, the founder and chairman of HYBE, is under investigation over allegedly defrauding investors ahead of the company's initial public offering in 2020 and pocketing $289 million (400 billion won).
In addition to BTS, HYBE is home to TXT, Seventeen, LE SSERAFIM, and other K-pop stars.
Popular Posts
Billy Joel Diagnosed with Brain Disorder, Cancels All Upcoming Tour Dates
Man Wearing Nazi T-Shirt Gets a Beatdown from Fans at Punk Rock Bowling Fest
Freddie Mercury's Alleged Child Revealed in New Biography
David Lynch's Personal Archive Going Up for Auction
The 30 Best Action Movie Stars of All Time, Ranked
Is The Who's Farewell Tour in Turmoil?
Subscribe to Consequence's email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Buzz Feed
an hour ago
- Buzz Feed
People Share The Most Out-Of-Touch Comments Their Parents Made
Ever had a parent say something that made you realize just how much the world has changed since they were your age? You're not alone. Between asking members of the BuzzFeed Community to share the exact comments their parents made that made them realize how differently older generations see adulthood today, and u/Roblson240YT asking about the most out-of-touch thing an older person has said, the responses range from painfully relatable to surprisingly eye-opening. Here are some of the most memorable below: "That 'AI art was the same as digital art.' I'm a digital artist, by the way, and I was pretty darn annoyed at that." —anime_otaku66 "When I was a teenager, my parents kept pressuring me to get a summer job. My dad claimed that it was as easy as going door to door and applying. When I was a junior (11th-year student for non-Americans), my dad lost his job and found no one wanted to hire him — in spite of his decades of work experience. He shut up about that soon afterward." "My grandpa's advice was: 'Your grandma probably said no to me 20 times before we went on a date. I made sure I was on her porch every day, knocking to see if she had changed her mind!' Yeah, Pop, I'm pretty sure I'm getting arrested on day two for that." "One that stands out to me right now is when my mom — who is full of these — told me not to 'encourage' my son to be gay. She said that it's 'not natural.' Like my kids listen to me anyway! Not to mention that babies are born that way ... or not!" "I was homeless a while ago, and my great-grandfather found out. He gave me $50 and said to rent a motel for a week. My heart completely broke." "'Why are you renting? Why don't you just buy a house?'" "Had dinner with my grandmother last week, and she genuinely asked why I don't just marry a doctor to solve my student loan problems." "My dad got one of my gay friends blackout drunk one night, hoping (in his words) 'he'd start acting more like a man.' I told him that was BS, and it scared me to think what sort of behavior he wanted to see from my friend." "My grandma (mid-80s) called me greedy and irresponsible for spending $250,000 on a house in 2024 ('affordable' in my area), when she only spent $10,000 on her first house and raised three children in it." "I was a junior in high school. My father and I got into a heated discussion about teen pregnancies, and I was making the case that a teen could choose to have the baby and put it up for adoption. My father blurted, 'Nobody wants someone else's mistake.' I'm adopted." "I was never a girly-girl and could never compete with my cute, flirty older sister. My mother was always sure that I knew my sister was the cute one and I was the smart one. My mother couldn't even let me have that either, going so far as to say that my sister could have done as well academically if she had studied. She also told me when I was 15 that no man would ever want me because I was too strong-willed. Well, I got a PhD, had a slammin' career, and more men than I could count. When I got married at 46 (had a brief marriage in my 20s), my mother then said she was relieved because I wouldn't be an old maid. I rolled my eyes and reminded her that I had been married and had a child, and that an old maid I was not." "Between homes owned after a divorce, I was forced to rent for a year. A single mother, even in a professional job, money was tight in that area of the US. My family had zero empathy that having to pay for a decent apartment ate up almost half my income. I can't remember the comments made 40 years later, but I just remember their smug attitude and cluelessness. Everyone is now gone, and their attitude just became a memory." —visionarybee33 "My daughter was 2 years old, and my marriage had been going downhill for the entirety of her lifetime. I knew I wanted and needed to get a divorce. I went to talk to my mom about it, telling her how miserable I was and how it was negatively affecting my parenting. She was not understanding at all. In fact, she said to me, 'Don't take that little girl away from her father!' She wouldn't listen to anything I had to say. She said if I went through with the divorce, she wouldn't accept it and would continue to treat him as her son-in-law, as would the rest of the family. In other words, they would choose him over me. She even said she wouldn't help me financially or with any childcare since I broke up the family and created my own hardship. I didn't have the courage to leave him after that, knowing I would lose my family as well. It was the biggest mistake of my life." "Them: 'Congrats on your $500 scholarship! That should cover one of your two classes this semester!' Me: 'I appreciate it! won't even cover a credit, which is $900. Each class is three credits.' Them: 'Are you serious!?' Cue the surprised Pikachu face." "I was jumped and assaulted during my junior year of college. While in the hospital, I called my dad, a police officer. His comment to me was, 'Well, what did you do to encourage him?' I still have flashbacks 28 years later." —savorypunk804 "About a year ago, I was being stalked by an ex-boyfriend. When I told my mom about it, she said that back in the day, his refusal to give up would've been seen as endearing. Like, no, Mom — that's harassment." "Not understanding how much childcare costs and thinking you should just have more children." Have your parents ever said something so out-of-touch it stopped you in your tracks? Share your thoughts or story in the comments below.
Yahoo
2 hours ago
- Yahoo
These toys are so hot that Chinese customs agents have seized hundreds of them in recent weeks
Unveiling their latest seizure in front of news cameras last month, two Chinese customs agents revealed not drugs or weapons – but suitcases full of plush toys. The stash on display included dozens of Pop Mart Labubus - the toothy, fluffy figurines that have sparked buying frenzies around the world, and in some cases, brawls among fans outside shops selling them. Even in China, where Pop Mart is based and most of its toys are made, people are struggling to get their hands on Labubus. When CNN recently visited a Pop Mart store at a bustling shopping mall in downtown Beijing, Labubu dolls were nowhere to be found on shelves, with only display samples remaining in glass cabinets. Labubus are typically 'sold out in seconds' when released, longtime Pop Mart fan Evelyn Lin told CNN. 'It's almost impossible to get a Labubu via the official channels,' she said. Fans are instead turning to unusual sources - including buying from smugglers. A total of 462 Pop Mart toys have been confiscated by customs authorities across China since April, according to a CNN compilation of multiple official posts. Details and footage of one seizure were posted by China's Customs Administration on social media, which stated that that the toys were intended 'for profit by resale' and seized in accordance with law. The post did not say whether any of the Labubu smugglers faced other legal consequences. Labubu is the brainchild of Hong Kong-born illustrator Kasing Lung, and it has quietly built a loyal following since its 2015 debut. But in recent months, the bunny-bodied, elf-faced creature — equal parts grotesque and adorable — has soared in popularity. Stars including Rihanna, Dua Lipa, and Lisa from K-pop group Blackpink have worn Labubus like lucky charms, and the toys were even spotted at Paris Fashion Week this year. According to Chinese state-owned media outlet Cover News, a blind box from the latest Labubu 3.0 series, originally priced at 584 yuan ($81), has been selling for between 1,000 ($139) and 2,000 yuan ($278) on the second-hand market. Pop Mart's annual results show that the company's global gross profit surged by over 125% last year, while its revenue in mainland China reached more than $1.09 billion, 34% higher than 2023. But buying from resellers carries risks. Kate Yang, a Beijing resident and Labubu enthusiast, told CNN that her two last purchases from resellers both turned out to be fakes. 'Because they are not available on official platforms, if you're in a rush to get a gift for a friend, you just can't manage to get the popular ones in time,' said Yang. 'You can only pay extra to buy from resale platforms.' CNN's Marc Stewart and Martha Zhou contributed reporting
Yahoo
2 hours ago
- Yahoo
Illuminating ctDNA-MRD: Gene Solutions' K-CONNECT APAC 2025 Sparks Regional Collaboration in Precision Oncology
DA NANG, Vietnam, May 31, 2025 /PRNewswire/ -- May 9-11, 2025, Gene Solutions, a pioneer in AI-driven precision oncology hosted K-CONNECT APAC 2025, a pivotal summit uniting over 100 distinguished oncologists and molecular biologists from nine Asia-Pacific countries. — This landmark event marked a significant milestone in advancing precision oncology, fostering collaboration, and driving innovation in the fields of circulating tumor DNA (ctDNA), Molecular Residual Disease (MRD), and Comprehensive Genomic Profiling (CGP). Under the theme "Empowering the Potential of ctDNA-MRD," 16 distinguished speakers and panelists shared clinical insights, breakthrough research, and innovative strategies for integrating ctDNA-MRD into cancer practice. "While ctDNA and MRD are invisible to the eye, K-CONNECT APAC 2025 shed transformative light on their potential through regional collaboration and clinical innovation," said Ida Deleskog Lindstrom, Global Medical Affairs Director at Gene Solutions. "Illuminating ctDNA-MRD means revealing actionable insights that spark hope, clarity, and progress through molecular insights to transform precision oncology." "K-CONNECT APAC 2025 was a transformative moment for precision oncology in the Asia-Pacific, bringing together diverse expertise to translate ctDNA-MRD advancements into real-world clinical impact'' said Professor Nick Pavlakis, Co-Chair of the summit and a leading medical oncologist from Australia. "This summit has set a new benchmark for collaborative innovation, paving the way for personalized cancer care across the region'' A First-of-Its-Kind Gathering in Asia-Pacific Gene Solutions, a regional pioneer in ctDNA-MRD testing, has supported over 6,000 cancer patients via its next generation comprehensive AI-powered K-TRACK® and K-4CARE® platforms. K-CONNECT APAC 2025 showcased its role in fostering cross-border expertise to accelerate adoption of precision diagnostics. The summit featured three key sessions shared by 16 esteemed experts K-CONNECT ACADEMIC Session: The Importance of ctDNA-MRD and CGP in Precision Oncology Unique Combination of Genomic & Transcriptomic Profiling with ctDNA-MRD Monitoring Key findings from Asia's First Real-World Study of ctDNA-MRD Monitoring in Solid Tumors. K-CONNECT CASE SHARING Session ctDNA-MRD Applications & Real-World Case Sharing in Colorectal, Lung and Breast cancers. K-CONNECT NEXT LANDMARK Session Genetic Testing Guided Personalized Immunotherapy in Refractory Solid Tumors. Triad of Impact– A Multi-omic Solution to Advance Precision Oncology Innovation. Beyond an Event — Establishing a Platform for Ongoing Impact K-CONNECT is evolving into a regional hub for knowledge exchange, clinical collaborations, and precision oncology innovation acceleration. Upcoming initiatives include: K-CONNECT Webinar Series – Ongoing expert-led case discussions Clinical Trials Collaboration – Cross-border partnerships with biopharma and research institutions Experience ctDNA-MRD Program – Hands-on implementation support for clinicians Knowledge Hub – A digital platform for APAC oncology insights Shaping the Future of Cancer Care K-CONNECT APAC 2025 solidified Gene Solutions' leadership in genetic testing and its commitment to advancing equitable access to innovative solutions to improve patient outcomes. By fostering collaboration and showcasing real-world impact, the summit laid the foundation for a more connected, data-driven, and patient-centered future in cancer care across the Asia-Pacific. About Gene Solutions Gene Solutions is a leading multinational biotechnology company headquartered in Asia, pioneering the integration of advanced AI and circulating tumor DNA (ctDNA) technologies to deliver innovative solutions across the cancer care continuum. Recognized for its proprietary research and CAP-accredited laboratories, the company combines multi-dimensional genomics with AI-driven analytics to transform oncology—from early detection to real-time treatment monitoring. With a strong regional presence and a commitment to empowering access to precision medicine, Gene Solutions is shaping the future of cancer diagnostics and personalized care across the Asia-Pacific. Explore more information at: MEDIA CONTACT: pr@ View original content to download multimedia: SOURCE Gene Solutions Genomics Pte Ltd Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
