- South Korean police are seeking the arrest of music mogul Bang Si-Hyuk, chairman of HYBE, the agency behind K-pop supergroup BTS.
- The Seoul Metropolitan Police Agency has asked prosecutors to request a court warrant for Mr Bang's arrest.
- He is under investigation for allegedly gaining over $100m through an investor fraud scheme.
- The allegations state Mr Bang misled investors in 2019 about HYBE's plans to go public, inducing them to sell shares to a private equity fund.
- This legal issue presents a significant public relations challenge for HYBE, coinciding with BTS's global tour following their military service hiatus.
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