The K-pop empire is crumbling. HYBE founder Bang Si-Hyuk is under fire as police finalize a massive securities fraud probe.

Investigators allege ₩190 billion in illicit IPO gains, potentially violating the Capital Markets Act. With total stakes hitting ₩400 billion, the verdict is seismic.

Conviction could trigger a life sentence, permanently shattering the future of South Korea’s biggest entertainment giant.