Skip to content
BTS LIVE

News and Entertainment

  • Home
  • BTS News
  • BLACKPINK Diary
BTS LIVE

News and Entertainment

  • Home » 
  • BTS News » 
  • HYBE employees who sold stocks using undisclosed information forwarded to prosecution

HYBE employees who sold stocks using undisclosed information forwarded to prosecution

By A.R.M.Y AllKpop 31/05/2023
Table of Contents

The Financial Supervisory Service announced on May 31 KST that as a result of the investigation under the direction of the Seoul Southern District Prosecutor’s Office, three people, including a team leader of HYBE, were sent to the prosecution on charges of violating the Capital Markets Act.

According to the special envoy, these are employees in charge of idol group-related work at the HYBE label, and after learning the information that BTS would temporarily suspend group activities, they sold their stocks before this information was announced.

BTS announced a temporary suspension of group activities after 9 years on June 14 of last year. HYBE shares fell 24.87% the next day on June 15. It was confirmed that three employees of the agency avoided a total loss of 230 million won based on the closing price on June 15.

In this case, the Financial Supervisory Service pointed out that HYBE increased investor confusion by disclosing information about the temporary suspension of BTS group activities through social media videos, rather than public announcements or official announcements.

The Financial Supervisory Service said, “Entertainment agencies have a significant impact on the company’s stock price depending on major management issues of the activity plans of key artists. We need to prepare measures to protect investors that match the status of the industry, such as strengthening internal control to prevent them from being used.”

It added in conclusion, “Insiders, such as executives and employees of listed companies, should keep in mind that they may be subject to criminal punishment if they use undisclosed information learned in relation to their job for stock trading or let others use it.“

Share
facebookShare on FacebooktwitterShare on TwitterpinterestShare on Pinterest
linkedinShare on LinkedinvkShare on VkredditShare on ReddittumblrShare on TumblrviadeoShare on ViadeobufferShare on BufferpocketShare on PocketwhatsappShare on WhatsappviberShare on ViberemailShare on EmailskypeShare on SkypediggShare on DiggmyspaceShare on MyspacebloggerShare on Blogger YahooMailShare on Yahoo mailtelegramShare on TelegramMessengerShare on Facebook Messenger gmailShare on GmailamazonShare on AmazonSMSShare on SMS
Post navigation
Previous post

BTS’s V Stuns ARMY With Drastic Transformation — Fans Believe This Signals Something Huge

Next post

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

A.R.M.Y AllKpop

A.R.M.Y AllKpop

Related Posts

Categories BTS News HYBE employees who sold stocks using undisclosed information forwarded to prosecution

BTS’s J-Hope Blamed For LE SSERAFIM’s Poor Performance With “Spaghetti”

Categories BTS News HYBE employees who sold stocks using undisclosed information forwarded to prosecution

BTS RM shares serene family getaway moments in latest Instagram post

Categories BTS News HYBE employees who sold stocks using undisclosed information forwarded to prosecution

‘W Korea’ Breast Cancer Controversy Causes Massive Change in Fandom Culture: What to Expect Moving Forward?

Categories BTS News HYBE employees who sold stocks using undisclosed information forwarded to prosecution

Netizens discuss whether LE SSERAFIM’s ‘SPAGHETTI’ lyrics are effectively targeting their "haters"

Categories BTS News HYBE employees who sold stocks using undisclosed information forwarded to prosecution

BTS V (Kim Taehyung) graces Vogue Japan's special digital cover for 'Vogue World 2025: Hollywood'

Categories BTS News HYBE employees who sold stocks using undisclosed information forwarded to prosecution

BTS's V (Kim Taehyung) heads to Los Angeles to attend the 'Vogue World: Hollywood' event

Categories BTS News BTS’s J-Hope Blamed For LE SSERAFIM’s Poor Performance With “Spaghetti”

BTS’s J-Hope Blamed For LE SSERAFIM’s Poor Performance With “Spaghetti”

27/10/2025

BTS RM shares serene family getaway moments in latest Instagram post

27/10/2025

‘W Korea’ Breast Cancer Controversy Causes Massive Change in Fandom Culture: What to Expect Moving Forward?

27/10/2025
Netizens discuss whether LE SSERAFIM's 'SPAGHETTI' lyrics are effectively targeting their "haters"

Netizens discuss whether LE SSERAFIM’s ‘SPAGHETTI’ lyrics are effectively targeting their "haters"

27/10/2025

BTS V (Kim Taehyung) graces Vogue Japan's special digital cover for 'Vogue World 2025: Hollywood'

27/10/2025
Copyright © 2025 BTS LIVE - Powered by Bangtan Colorful.
Offcanvas
  • Home
  • BTS News
  • BLACKPINK Diary