Seoul, South Korea—Three employees at affiliates of HYBE, the agency behind K-pop megastars BTS, have been charged without detention for alleged insider trading, prosecutors said Thursday.
Many analysts said at the time the hiatus was strategic, with South Korea’s mandatory 18-month military service looming for band members. Prosecutors said three employees who had prior knowledge of the announcement sold their shares before it was made public, avoiding losses ranging from around $24,063 to $108,100.
The three had worked in a team involved in producing BTS music videos, hair and clothing, as well as another protocol planning team, the statement said.
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