K-pop Mogul Faces Arrest

The investigation alleges that Bang illegally gained more than $100 million through a private-equity-linked arrangement that was not disclosed to the public.

Authorities have also requested a travel ban for the music mogul as the probe expands into potential Capital Markets Act violations.

Hybe has denied seeking U.S. help to lift the ban and maintains that the chairman complied with all regulations.

The case has significant implications for the global entertainment industry and South Korea's financial reputation.