South Korean authorities launched a high-profile probe into HYBE chairman Bang Si-hyuk over alleged securities violations tied to the company’s 2020 IPO, with police seeking an arrest warrant in April 2026 for claims he misled early investors and secured improper gains. Prosecutors rejected the request twice, citing insufficient grounds and incomplete supplementary work, leaving the case without formal charges months later. With the calendar year more than halfway complete and no new enforcement actions reported, trader consensus assigns a 67.5% probability to the outcome not occurring, reflecting the procedural hurdles and lack of momentum in the capital markets investigation.