Hybe Chairman Bang Si-hyuk speaks to reporters as he arrives at the Seoul Metropolitan Police Agency on Sept. 15, 2025, for questioning over unfair stock trading allegations. File Photo by Yonhap
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 shares in Hybe before the company held an initial public offering (IPO), through which he allegedly pocketed about 260 billion won (US$175.28 million) in illegal profits.
“At this stage, there is insufficient evidence to justify the necessity of detention, and we have therefore requested a supplementary investigation,” the prosecution said.
The act prohibits obtaining financial gains through false statements or by using deceptive schemes in connection with financial investment products, such as unlisted shares. Violations involving profits exceeding 5 billion won are punishable by life imprisonment or a minimum of five years behind bars.
Bang has denied the allegation, saying the IPO had followed the law and regulations.
Police first received a tip-off on the allegations in late 2024 and raided the Korea Exchange and Hybe’s headquarters the following year as part of the probe. Bang was banned in August from leaving the country, leading to various restrictions on his activities.
The U.S. Embassy in Seoul recently sent a letter to the police agency asking that it allow him to travel to the United States to take part in K-pop supergroup BTS‘ world tour.
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K-POP Demon Hunters fans shared their reactions to watching HUNTR/X’s history-making Oscars performance and win.
The trio of voices behind the band from the popular Netflix film – Ejae, Audrey Nuna, and Rei Ami – took the stage at the 98th annual Academy Awards on Sunday, moving audiences worldwide with tears of joy.
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HUNTR/X took the stage at the 98th annual Academy Awards on SundayThe trio – Ejae, Audrey Nuna, and Rei Ami – performed their hit track, Golden, from K-Pop Demon HuntersCredit: ABC
They performed their iconic track, Golden, celebrating the folklore and cultural inspiration brought from the 2025 animated film.
Shortly after hitting the stage, K-Pop Demon Hunters, which became Netflix’s most-watched film ever, won the award for Best Original Song for Golden, after dominating awards season.
HUNTR/X, who nabbed two awards – Best Song Written for Visual Media for the famed track and Best Original Song – at the Golden Globes in January, incorporated instrumentals and dance into their performance at the Dolby Theatre at Ovation Hollywood in Los Angeles.
“Let’s go K-POP Demon Hunters!” one fan wrote on X.
“I love me some K-pop demon hunters! Those girls were singing down in that movie lol,” said another.
“K-Pop Demon Hunters made HISTORY,” reacted a third.
“The only thing I care about at the Oscars is K Pop Demon Hunters. If it were up to me, I’d give them all the possible awards,” added a fourth.
However, many were disappointed upon seeing that their acceptance speech was abruptly cut short, as were many others throughout the night, despite them pleading for more time.
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“Absolutely disrespectful of the #oscars for cutting off kpop demon hunters in their acceptance speech. They were given less time than every other winner and the Oscar’s owes them an apology,” one fan raged.
“I don’t like how they cut off the Kpop Demon Hunters Cast. That was nasty #Oscars,” someone else complained.
“Congrats to Michael B Jordan, but why did he get 3x the amount of time for his speech than the KPop Demon Hunters crew?” said another, referencing Sinners star Michael B. Jordan’s Best Actor win afterwards.
According to The Independent, HUNTR/X is the first all-Asian musical act to take the Oscars stage, following Blackpink K-pop band member Lisa, who was the first K-pop artist to perform at the show last year.
In August 2025, Netflix revealed that K-Pop Demon Hunters was the platform’s most popular movie of all time, overtaking the previous record-holder, Red Notice, starring Dwayne Johnson,Ryan Reynolds,and Gal Gadot.
“KPop Demon Hunters has gone up, up, up, and it’s their Golden moment,” the streaming service said in a statement.
Biggest Oscar Nominees of 2026 Academy Awards
Everyone in Hollywood hopes to snag a nod on the industry’s biggest night but only few get that honor. Here are the nominees and winners from the major categories of the 2026 Academy Awards:
Best Picture
Bugonia
F1
Frankenstein
Hamnet
Marty Supreme
One Battle After Another *WINNER*
The Secret Agent
Sentimental Value
Sinners
Train Dreams
Best Director
Chloé Zhao — Hamnet
Josh Safdie — Marty Supreme
Paul Thomas Anderson — One Battle After Another *WINNER*
Joachim Trier — Sentimental Value
Ryan Coogler — Sinners
Best Actor (Leading Role)
Timothée Chalamet — Marty Supreme
Leonardo DiCaprio — One Battle After Another
Ethan Hawke — Blue Moon
Michael B. Jordan — Sinners *WINNER*
Wagner Moura — The Secret Agent
Best Actress (Leading Role)
Jessie Buckley — Hamnet *WINNER*
Rose Byrne — If I Had Legs I’d Kick You
Renate Reinsve — Sentimental Value
Emma Stone — Bugonia
Kate Hudson — Song Sung Blue
Best Supporting Actor
Benicio Del Toro — One Battle After Another
Jacob Elordi — Frankenstein
Delroy Lindo — Sinners
Sean Penn — One Battle After Another *WINNER*
Stellan Skarsgård — Sentimental Value
Best Supporting Actress
Teyana Taylor — One Battle After Another
Wunmi Mosaku — Sinners
Amy Madigan — Weapons *WINNER*
Elle Fanning — Sentimental Value
Inga Ibsdotter Lilleaas — Sentimental Value
Best Original Screenplay
Marty Supreme — Josh Safdie & Ronald Bronstein
Blue Moon — Richard Linklater & Glen Powell
Sentimental Value — Joachim Trier & Eskil Vogt
Sinners — Ryan Coogler *WINNER*
It Was Just an Accident — Jafar Panahi
Best Adapted Screenplay
One Battle After Another — Paul Thomas Anderson *WINNER*
Bugonia — Yorgos Lanthimos & Will Tracy
Frankenstein — Guillermo del Toro
Hamnet — Chloé Zhao
Train Dreams — Clint Bentley & Greg Kwedar
Best Animated Feature
Arco
KPop Demon Hunters *WINNER*
Little Amélie or the Character of Rain
Zootopia 2
Elio
Best International Feature Film
The Secret Agent — Brazil
Sentimental Value — Norway *WINNER*
It Was Just an Accident — Iran
Sirāt — Spain
The Voice of Hind Rajab — Tunisia
Best Documentary Feature
The Alabama Solution
Come See Me in the Good Light
Cutting Through Rocks
Mr. Nobody Against Putin *WINNER*
The Perfect Neighbor
“The animated musical officially became Netflix’s most popularfilmof all time on the Most Popular English Films list with 236 million total views.“
In response to the film’s massive success, Netflix released a sing-along “party at home” version, K-Pop Hunters Sing-Along, that’s currently streaming on the app.
The movie was produced by Sony Pictures Animation and helmed by Maggie Kang, a Canadian film director born in Seoul, South Korea.
Maggie described the film as a “love letter to K-pop,” also known as “Korean pop music.”
On March 12, Netflix announced that the beloved animation will be getting a sequel, with directors Maggie and Chris Appelhans returning behind the scenes.
A release date has yet to be revealed, but fans can expect it may be a while, given the first film went into production in 2021 and wasn’t released until 2025.
“I feel immense pride as a Korean filmmaker that the audience wants more from this Korean story and our Korean characters,” Maggie said in a statement about the sequel.
“There’s so much more to this world we have built, and I’m excited to show you. This is only the beginning.”
The ladies are the voices behind the characters in the Netflix film, K-Pop Demon Hunters, which is nominated for two Oscar AwardsCredit: GettyK-Pop Demon Hunters became the most-watched film on Netflix ever following its 2025 releaseCredit: GettyHUNTR/X is the first all-Asian musical act to perform at the OscarsCredit: Getty
In this photo taken Wednesday, police stand in front of a promotional video in central Seoul for the upcoming BTS live performance in Gwanghwamun Square. Photo by Yonhap
Police vowed Friday to detain any suspects behind possible terror threats targeting K-pop juggernaut BTS‘ comeback concert set to draw hundreds of thousands to downtown Seoul next week.
The group is scheduled to perform before some 22,000 fans in Gwanghwamun Square on March 21, with police estimating as many as 260,000 people to gather around the area that day.
The Seoul Metropolitan Police Agency said it would deploy police commandos to inspect the site, noting it could not rule out the possibility of terror in connection with the current conflict in the Middle East.
“If police resources are wasted or the event is disrupted due to public threats, such as bomb threats, (we) will pursue and apprehend (the suspects) to the end under the principle of investigation under detention,” it said.
Police plan to set up metal detectors at the venue’s entrances as well as barricades to prevent possible accidents or acts of terror, such as a vehicle-ramming attack.
They also asked concertgoers to minimize personal items as security checks will be strengthened.
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