{"id":3980,"date":"2025-07-25T23:53:07","date_gmt":"2025-07-25T23:53:07","guid":{"rendered":"https:\/\/musictechohio.online\/site\/hybe-stock-down-chairman-bang-fraud-allegations-convictions\/"},"modified":"2025-07-25T23:53:07","modified_gmt":"2025-07-25T23:53:07","slug":"hybe-stock-down-chairman-bang-fraud-allegations-convictions","status":"publish","type":"post","link":"https:\/\/musictechohio.online\/site\/hybe-stock-down-chairman-bang-fraud-allegations-convictions\/","title":{"rendered":"HYBE Shares Slip Amidst Legal Problems as K-Pop Stocks Suffer a Losing\u00a0Streak"},"content":{"rendered":"
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\n\tWhile the S&P 500 reached a new record close every day this week, music stocks had more middling performances and K-pop companies extended their losses.\u00a0<\/p>\n

\n\tHYBE, home to BTS, fell 4.3% this week as the company faces problems on multiple fronts ahead of its Aug. 6 earnings call. According to reports out of South Korea, HYBE\u2019s headquarters in Seoul were raided<\/a> on Thursday (July 24) as part of the government\u2019s ongoing investigation into alleged stock fraud by the company\u2019s founder and chairman, Bang Si-hyuk<\/strong>. On Tuesday, three HYBE employees were convicted<\/a> of insider trading and given jail time.\u00a0<\/p>\n

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\t\t\t\t\tSuga Writes Letter to Fans, Marking End of Mandatory Military Service for\u00a0BTS\t\t<\/p>\n<\/h3><\/div>\n

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\n\tThings were looking up for HYBE just last month. In early June, HYBE shares rose<\/a> on news that six of seven BTS<\/a> members had finished their military duty<\/a>, marking a step in the group\u2019s long-awaited return. But after reaching a high mark for 2025 of 316,000 KRW ($228.54) on June 24, HYBE shares have fallen 18.8%. \u00a0<\/p>\n

\n\tK-pop stocks are in the midst of a summer slump. SM Entertainment dropped 4.6% this week and has fallen 11.6% over the last five weeks. YG Entertainment is down 12.7% over the last four weeks after slipping 2.1% this week. JYP Entertainment sank 6.1% this week, but its loss over the last six weeks is a more modest 7.2%. Despite the recent downturns, the four K-pop companies have had a strong 2025, posting an average year-to-date gain of 45.0%.\u00a0<\/p>\n

\n\tThe 20-company Billboard Global Music Index (BGMI) rose 0.2% to 2,988.97 for the week ended Friday (July 25), bringing its year-to-date gain to 40.7%. Only seven stocks finished the week in positive territory, while 11 stocks were in the red and 2 stocks were unchanged. Believe, which is implementing a mandatory squeeze-out<\/a> to obtain the remaining 1.27% of outstanding shares that weren\u2019t acquired during a tender offer, finished the week unchanged. Its shares ceased trading on Monday, and Believe will not publish its mid-year results.\u00a0<\/p>\n

\n\tLed by Spotify on Tuesday (July 29), a number of music companies report earnings next week. Although Spotify\u2019s share price has been in a slump, some analysts have upped their price targets ahead of the company\u2019s quarterly earnings announcement. This week, Deutsche Bank upped its price target to $775 from $700 and maintained its \u201cbuy\u201d rating. Oppenheimer raised its Spotify price target to $800 and upgraded the stock to \u201coutperform\u201d from \u201cmarket perform.\u201d\u00a0<\/p>\n

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\t\t\t\t\tSouth Korea Refers HYBE Chairman Bang Si-Hyuk to Prosecutors Over IPO\u00a0Allegations\t\t<\/p>\n<\/h3><\/div>\n

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\n\tShares for Deezer, which reports on Wednesday (July 30), were up 5.8% to 1.27 euros ($1.49). Universal Music Group, which releases earnings on Thursday (July 31), rose 3.2% to 27.85 euros ($32.72). SiriusXM, which gained 0.1% to $23.58, also reports on Thursday.\u00a0<\/p>\n

\n\tMeanwhile, Live Nation is slated to report earnings on Aug. 6. The concert promoter\u2019s share price increased 1.6% to $152.98 this week, marking its highest closing price since Feb. 24.\u00a0<\/p>\n

\n\tNetease Cloud Music, which had been on a hot streak over the previous eight weeks, was the biggest loser of the week after dropping 11.0% to 269.00 HKD ($34.27). Sphere Entertainment Co. also had a large decline, falling 5.6% to $43.59 as numerous reports this week highlighted a decline in tourist visits <\/a>to Las Vegas.\u00a0<\/p>\n

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While the S&P 500 reached a new record close every day this week, music stocks had more middling performances and K-pop companies extended their losses.\u00a0 HYBE, home to BTS, fell…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842,387,502,1109,843,1110],"tags":[],"class_list":["post-3980","post","type-post","status-publish","format-standard","hentry","category-billboard-global-music-index","category-business","category-business-news","category-hybe","category-music-stocks","category-stocks"],"_links":{"self":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts\/3980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/comments?post=3980"}],"version-history":[{"count":0,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts\/3980\/revisions"}],"wp:attachment":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/media?parent=3980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/categories?post=3980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/tags?post=3980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}