HYBE seriously has endless dirt coming out the more you dig...
( * If you’re here to defend Bang Si-hyuk’s alleged financial crimes, you might want to hit the back button for the sake of your mental health. ^^;; )
I previously posted about the shady acquisition of the US ent company 'Ithaca' for 1.2 trillion won and the allegations of 'breach of trust' regarding the damage to shareholder interests,
The HYBE articles coming out now feel like a US drama series, slowly fitting into the predicted conclusion...
In 2021, HYBE acquired a 51% stake in 'TAG PR' for 33.5 billion won, an agency notorious in Hollywood for 'reverse viral' tactics, making it a subsidiary. But recently, the Financial Supervisory Service confirmed it’s actually a company with only 1 billion won in assets. Also, they gave 'stock options' to Scooter Braun (former CEO of HYBE America), who had that messy mudslinging fight with Taylor Swift.
Yep~ I can smell something fishy from a mile away.
Below is a snippet of the article.
Omitted... (For details, please refer to the original article at the bottom)
The scale of the money being mentioned is so jaw-dropping I'm speechless. 'Tens of billions, hundreds of billions, trillions...'
"The community is divided between those suspecting HYBE of financial shady business like money laundering and those who argue the high acquisition price was justified for Scooter Braun's industry connections, while accusing Min Hee-jin of manipulating public opinion through progressive YouTube channels."
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