[theqoo] THE 35B WON LA MANSION THAT BANG SIHYUK PURCHASED WITH THE COMPANY'S MONEY

bypannchoa July 27, 2024
The missing notice has been released.

As HYBE was designated as a large conglomerate, their status of a large conglomerate was announced.
There was something missing there.
So it was corrected and reported again today.
They wanted to leave out was that there was an overseas affiliate company, BEL AIR STRADELLA LLC, in which Chairman Bang Si-hyuk had a 100% stake.

The industry is listed as real estate, and when the Chairman introduced the mansion in LA worth about 35 billion won through various media, it looked like it was privately owned, but it appears he purchased it with the company's money.
I look forward to seeing what grand dreams you have as you begin your real estate business.


It's been revealed that chairman Bang Si Hyuk's LA mansion, purchased in April of last year at $26.4 million USD, was bought through a HYBE Labels subsidiary company known as BEL AIR STRADELLA, LLC.
 
Earlier in June of this year, the Korea Fair Trade Commission launched an investigation into HYBE Labels, designated a conglomerate as of 2024, for purposely omitting and/or fabricating the company's state of affairs report. Although the KFTC did not specify what materials may have been omitted or fabricated from the report, it was suspected that the omitted materials dealt with companies owned by chairman Bang Si Hyuk and his relatives.

Then, on July 26 KST, HYBE Labels published several corrections to its state of affairs report for 2024. Included in the correction was a U.S. subsidiary named BEL AIR STRADELLA, LLC, 100% owned by Bang Si Hyuk and registered in December of 2023.

After discovering the report, HYBE Labels shareholders speculated that BEL AIR STRADELLA LLC, 100% owned by Bang Si Hyuk, was a company that Bang Si Hyuk had set up in the United States solely for the purpose of purchasing his $26.4 million USD mansion in the Bel Air neighborhood Los Angeles, California.

Noting that BEL AIR STRADELLA LLC was registered as a real estate company, shareholders cynically commented, "Wonder what sort of lofty dreams drove him to open a real estate company..."

Cr. Allkpop

original post: here

1. So he's not allowed to to this? I thought the company was Bang Sihyuk's
> He's not 
> Company's money =/= Bang Sihyuk's money... that's why
>A corporation is not owned by an individual.
Company money should be used for company purposes; it is a crime to use it for personal purposes.

2. He said that it was privately owned, but he bought it with the company's money???

3. Wow...
 
4. Wow and he owns a real estate company on top of that..... 

5. Aside from HYBE's artists, everything is a problem

6. Bang Sihyuk f*cker didn't buy that house with his own money, but the money that our kids worked hard for, it's not his own money, it's the company's money 

7. I've heard of things like company training centers, but this is my first time hearing of luxury houses.. And this is finally officially revealed, I wonder what will happen during BTS' renewal

8. HYBE seriously has done everything bad they could've done 

9. This does seem like an intentional omission 

10. Meanwhile they're mediaplaying against Min Heejin 


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