He was not just any other employee.
So, here’s the tea, fam: Korea’s powerhouse in entertainment, HYBE, is in some hot water with the law over alleged financial crimes. Yeah, you heard that right.
Recently, the Korean prosecution executed a search and seizure at HYBE’s Seoul headquarters, all linked to a probe against one of its employees, dubbed “A” in reports. Apparently, this person is accused of pulling some sneaky moves to gain illicit profits from shares in YG Plus. Yikes!
HYBE Faces Multiple Search And Seizure Warrants Over Alleged Financial Frauds
And here’s where it gets really juicy. In HYBE’s official statement, they clarified that “A” was a former employee. But once fans dove a little deeper, it turned out that a senior executive had actually stepped down from his position right when the investigation kicked off.
Recently left his position as a senior executive at a HYBE subsidiary.
— The news caption above
Meet Lee Kyung Joon, the former Chief Financial Officer (CFO) of HYBE. Before his sudden exit, he also held an internal director position at ADOR, the home of NewJeans.
Lee’s unexpected departure during the investigation raises eyebrows, to say the least. Fans are seeing HYBE’s effort to downplay Lee’s importance in their statement as a potential damage control move.
- “The lineup is really legendary, but in a bad way.”
— “I hope all of them end up penniless together.” - “Not just Bang Si Hyuk, I think all of his close associates and employees working under them must be investigated.”
- “I hope all of them get wiped out.”
- “Wow, so it was an executive.”
- “Goodbye.”
- “Whoa…”
- “Leaving as soon as the investigation started is so HYBE-like.”
With probes digging into HYBE’s top brass, fans and online communities are buzzing with calls for transparency and accountability. This situation is evolving, so keep your eyes peeled!
