FSS are reportedly investigating some Hybe employees on suspicions of insider trading shares just prior to the announcement BTS was suspending activities

Chosen exclusively reports that according to industry insiders, the FSS are reportedly investigating some Hybe employees on suspicions of insider trading after it was determined a number of them disposed of Hybe shares just prior to the announcement BTS was suspending activities On 14 June 2022, BTS uploaded Real BTS Dinner Party to its Youtube channel and announced the suspension of group activities. 

On 15 June, Hybe share price plummeted by 25% erasing 2tr in market cap. Minority shareholders raised suspicions that there were sales of shares using insider information because there was a delay between the recording of the YT video and its release and Hybe shares fell 11% and 3% on the 13th and 14th, just before the release of the video.

Hybe’s sudden release of investment information (the suspension of group activities) which signficiantlly impacted company revenue without a (financial disclosure) was also controversial. The opaque management of entertainment companies is expected to come under fire again.

There was a gap of several days from the YouTube video recording to the release, and on the 13th and 14th, just before the video was released, the stock price of Hive fell by 11% and 3%, respectively. suspicion was raised The surprise disclosure of investment information that has a significant impact on the company’s sales was also controversial. As allegations of insider trading are revealed by the investigative authorities, the opaque management practices of entertainment companies are expected to come to the fore again.