{"id":83130,"date":"2024-06-28T07:16:25","date_gmt":"2024-06-28T07:16:25","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/28\/bts-agency-staff-facing-insider-trading-charges\/"},"modified":"2024-06-28T07:16:26","modified_gmt":"2024-06-28T07:16:26","slug":"bts-agency-staff-facing-insider-trading-charges","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/28\/bts-agency-staff-facing-insider-trading-charges\/","title":{"rendered":"BTS agency staff facing insider trading charges"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i2.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/b2ff\/live\/32fc45b0-350f-11ef-a380-735af68ea2c6.jpg?resize=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"BTS agency staff facing insider trading charges\" title=\"BTS agency staff facing insider trading charges\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Three employees of subsidiaries of HYBE, the agency behind K-pop superstars BTS, have been charged with insider trading by South Korean prosecutors.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">They are being accused of selling shares in the agency before BTS members announced they were taking a break on 14 June, 2022.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The announcement sent HYBE shares plunging 25% when markets opened, resulting in a loss in market value of nearly 2 trillion won ($1.4bn; \u00a31.1bn).<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The prosecutors said the three employees acted with prior knowledge of what was about to happen, avoiding losses ranging from $24,000 to more than $108,000.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">At the time, many analysts speculated about the reasons for the hiatus, with some saying the band members would have to attend South Korea&#8217;s mandatory 18-month military service.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">South Korea is still technically at war with North Korea, so nearly all able-bodied men are obliged to enlist for 18 months by the time they turn 28.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">All members of the band would end up being drafted in the months and years that followed.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The oldest member of the hit boy band, Jin, was discharged earlier this month after completing his service.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The other six &#8211; J-Hope, V, RM, Jimin, Jung Kook and Suga &#8211; are still serving and the band is expected to reunite only in June 2025.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Fans of the wildly popular boyband are hoping Jin&#8217;s return is also the beginning of BTS&#8217; return from its hiatus. <!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c1vd7y5rnnwo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three employees of subsidiaries of HYBE, the agency behind K-pop superstars BTS, have been charged with insider trading by South Korean prosecutors. They are being accused of selling shares in the agency before BTS members announced they were taking a break on 14 June, 2022. The announcement sent HYBE shares plunging 25% when markets opened, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":83131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/b2ff\/live\/32fc45b0-350f-11ef-a380-735af68ea2c6.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[2539,2582,5808,1924,22001,500,5499],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/83130"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=83130"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/83130\/revisions"}],"predecessor-version":[{"id":83132,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/83130\/revisions\/83132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/83131"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=83130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=83130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=83130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}