(Source=HYBE)

 

[Alpha Biz= Reporter Kim Jisun] The Fair Trade Commission (FTC) has launched an on-site investigation into HYBE regarding suspicions of falsifying or omitting designated information in its submissions.

According to industry sources on the 24th, the FTC dispatched investigators to HYBE headquarters to secure documents related to designated information. Designated information refers to data such as subsidiary relationships, familial connections, and executive statuses received annually by the FTC from the same individual.

The FTC suspects that HYBE's submissions of designated information may contain false or omitted details.

HYBE, which exceeded assets of 5 trillion won last year, became the first entertainment industry group designated for public disclosure this year.

An FTC official stated, "We cannot confirm details regarding the ongoing investigation," adding, "If there are violations of the law, we will respond firmly."

In response to the FTC investigation, HYBE commented that it cannot provide further details for confirmation.

 

 

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