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S.KOREA

HYBE chairman under arrest bid over $1.9B profit allegations

South Korean police have applied for an arrest warrant for Bang Si-hyuk on allegations that he gained massive profits through fraudulent transactions during HYBE’s initial public offering (IPO) process.The Financial Crimes Investigation Unit of the Seoul Metropolitan Police Agency said on April 21 that it requested the warrant on charges of fraudulent unfair..

Jung vows fast-track budget to tackle crisis
Jung Chung-rae, leader of the Democratic Party of Korea, pledged on March 27 to swiftly pass a supplementary budget aimed at addressing the ongoing economi..

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