The tax probe comes amid a broader crackdown targeting 27 companies and individuals suspected of tax evasion totaling about 1 trillion South Korean won.
The new venture follows HYBE’s recent success with KATSEYE, their first global girl group launched in partnership with Universal Music Group’s Geffen Records
Bang Si-hyuk explained the logic behind HYBE's US expansion, the differences between the US and Korean music industries, and his retirement, in recent chat with Bloomberg