K-pop agents charged with insider trading over BTS

Three employees of subsidiaries of HYBE, the bureau down K-pop superstars BTS, person been charged with insider trading by South Korean prosecutors.

They are being accused of selling shares successful the bureau earlier BTS members announced they were taking a interruption connected 14 June, 2022.

The announcement sent HYBE shares plunging 25% erstwhile markets opened, resulting successful a nonaccomplishment successful marketplace worth of astir 2 trillion won ($1.4 billion).

The prosecutors said the 3 employees acted with anterior cognition of what was astir to happen, avoiding losses ranging from $24,000 to much than $108,000.

At the time, galore analysts speculated astir the reasons for the hiatus, with immoderate saying the set members would person to be South Korea's mandatory 18-month subject service.

South Korea is inactive technically astatine warfare with North Korea, truthful astir each able-bodied men are obliged to enlist for 18 months by the clip they crook 28.

All members of the set would extremity up being drafted successful the months and years that followed.

The oldest subordinate of the deed lad band, Jin, was discharged earlier this period aft completing his service.

The different six - J-Hope, V, RM, Jimin, Jung Kook and Suga - are inactive serving and the set is expected to reunite lone successful June 2025.

Fans of the wildly fashionable boyband are hoping Jin's instrumentality is besides the opening of BTS' instrumentality from its hiatus.