{"id":118972,"date":"2024-06-28T11:30:32","date_gmt":"2024-06-28T18:30:32","guid":{"rendered":"https:\/\/www.musicmundial.com\/en\/?p=118972"},"modified":"2024-06-28T10:59:34","modified_gmt":"2024-06-28T17:59:34","slug":"kpop-agents-are-being-charged-with-insider-trading-over-bts-by-south-korean-prosecutor","status":"publish","type":"post","link":"https:\/\/www.musicmundial.com\/en\/kpop-agents-are-being-charged-with-insider-trading-over-bts-by-south-korean-prosecutor\/","title":{"rendered":"Kpop agents are being charged with insider trading over BTS by South Korean prosecutor"},"content":{"rendered":"<p>The K-pop industry has been under fire after a series of accusations of insider trading by three employees of subsidiaries of HYBE Corporation. The company is well-known for its superstars, <strong>BTS<\/strong>, and this caused a major scandal in the South Korean media outlets.<\/p>\n<p>The three employees were accused of selling shares in the agency before BTS members announced they would take a break on June 14, 2022.<strong> The report indicated that the employees acted with prior knowledge of what would happen, avoiding losses ranging from $24,000 to more than $108,000<\/strong>.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-119011\" src=\"https:\/\/www.musicmundial.com\/en\/wp-content\/uploads\/2024\/06\/They-are-being-accused-of-selling-shares-in-the-agency-before-BTS-members-announced-they-were-taking-a-break-.jpg\" alt=\"\" width=\"800\" height=\"500\" title=\"\" srcset=\"https:\/\/www.musicmundial.com\/en\/wp-content\/uploads\/2024\/06\/They-are-being-accused-of-selling-shares-in-the-agency-before-BTS-members-announced-they-were-taking-a-break-.jpg 800w, https:\/\/www.musicmundial.com\/en\/wp-content\/uploads\/2024\/06\/They-are-being-accused-of-selling-shares-in-the-agency-before-BTS-members-announced-they-were-taking-a-break--300x188.jpg 300w, https:\/\/www.musicmundial.com\/en\/wp-content\/uploads\/2024\/06\/They-are-being-accused-of-selling-shares-in-the-agency-before-BTS-members-announced-they-were-taking-a-break--768x480.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Previously HYBE shares plunged 25% when markets opened resulting in a loss in market value of nearly 2 trillion won ($1.4 billion). There is a whole speculation as to why those employees decided to act<strong> against<\/strong> BTS.<\/p>\n<p>ARMY are completely outraged because of the recent reports and reacted<strong> negatively<\/strong>. On the other hand, Jin was discharged earlier this month after completing his mandatory service in the South Korean military and this could appease the controversy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The K-pop industry has been under fire after a series of accusations of insider trading by three employees of subsidiaries of HYBE Corporation. The company is well-known for its superstars, BTS, and this caused a major scandal in the South Korean media outlets. The three employees were accused of selling shares in the agency before [&hellip;]<\/p>\n","protected":false},"author":3102,"featured_media":118973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2264,16,7],"tags":[49],"tmauthors":[],"class_list":{"0":"post-118972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"category-kpop","9":"category-news","10":"tag-bts"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts\/118972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/users\/3102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/comments?post=118972"}],"version-history":[{"count":0,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts\/118972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/media\/118973"}],"wp:attachment":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/media?parent=118972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/categories?post=118972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/tags?post=118972"},{"taxonomy":"tmauthors","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/tmauthors?post=118972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}