SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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AUSTRALIA TO ADD YOUTUBE TO CHILD SOCIAL MEDIA BAN. (PHOTO).

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Australia to add YouTube to child social media ban


The Australian government has announced that YouTube will be included in new legislation banning children under 16 from using social media platforms. The Labor government confirmed Wednesday that starting in December, YouTube will face the same age restrictions as other social media sites under the upcoming law.

Prime Minister Anthony Albanese highlighted the move on X, saying the ban aims to protect young Australians by giving them three more years free from algorithm-driven content, allowing them to grow and connect in the real world. The law places responsibility on platforms to prevent underage users or face fines up to $32 million. YouTube’s parent company, Alphabet, expressed disappointment over the inclusion of YouTube, stating it contradicts previous government commitments and saying it will consider next steps while continuing discussions. The decision follows a recent survey by Australia’s eSafety Commission, which found 37% of children had encountered harmful content on YouTube. The legislation requires platforms to implement strict age verification and safety measures to protect minors online. Communications Minister Anika Wells noted the law responds to demands from thousands of concerned parents and reinforces the government’s focus on family safety.


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