South Korea police seek Hybe founder's arrest

The music mogul behind global supergroup BTS is facing arrest as authorities expand an investigation into allegations of securities fraud.

Police claim Bang illegally gained more than $100 million by misleading investors in 2019, inducing them to sell shares before the company's blockbuster IPO. Hybe has denied seeking U.S. assistance to lift a travel ban that has been in place for Bang since August.

The scandal has sent shockwaves through the K-pop industry, threatening the reputation of its most powerful agency at a time of significant global expansion.