Prosecution rejects arrest warrant request for Hybe chairman, calls for further review

Prosecutors said Friday they have rejected a police request for an arrest warrant for Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, who is accused of unfair stock trading, citing insufficient evidence. The Seoul Southern District Prosecutors' Office sent back to the police the arrest warrant request filed against Bang earlier this week on charges of fraudulent unfair trading under the Capital Markets Act. The chief was suspected of deceiving investors in 2019 into selling their sh