that word of the pending announcement had leaked and allowed some investors to sell shares before the precipitous drop. HYBE’s share price dropped 13.6% in the two trading days leading up to the June 14 announcement.
The FSS noted that HYBE heightened investor confusion by disclosing information about the BTS hiatus through social media videos, rather than through official company announcements,The Korean regulator also made news recently after it raided the Seoul office of SM Entertainment on April 17. According to reports, the regulator was seeking evidence of stock price manipulation after HYBE, which took a stake in the company in February and March, filed a petition seeking a probe.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: