North Korean prosecutors have charged three employees of companies of HYBE, the company that produced the music industry’s K-pop stars Bk, with insider trading.
Before Song people announced they were taking a crack on June 14, 2022, they are accused of selling shares in the company.
The announcement sent HYBE shares plunging 25 % when markets opened, resulting in a loss in market value of nearly 2 trillion won ($ 1.4 billion ).
The three employees allegedly acted without being aware of what was going to happen, avoiding losses ranging from$ 24, 000 to more than$ 108, 000.
Some researchers at the time speculated as to the causes of the break, with some claiming that band members would have to complete South Korea’s mandated 18-month military service.
Since South Korea and North Korea are technically still at conflict, almost all able-bodied men must register for 18 months by the age of 28.
In the years and months that followed, all group members do end up being drafted.
The eldest part of the popular son band, Jin, was let go earlier this month after serving in the military.
The various six- J- Trust, V, RM, Jimin, Jung Kook and Suga- are also serving and the band is expected to return only in June 2025.
Fans of the wildly popular boy band anticipate that Jin’s transfer marks the start of BTS’s comeback.