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...

RUSSIAN VOLCANO ERUPTS FOR THE FIRST TIME IN HUNDREDS OF YEARS. (PHOTO)


 Russian volcano erupts for first time in hundreds of years

A volcano in Russia’s Far East erupted on Sunday for the first time in centuries, sending an ash cloud soaring several miles into the sky, scientists reported. The eruption occurred in the remote Kamchatka region, an area known for its volcanic activity but sparsely populated and located 11 time zones east of Moscow.

The Krasheninnikov volcano’s eruption marked its first known activity in at least 400 years, according to the Kronotsky Nature Reserve where it is located. Volcanic ash was observed rising as high as four miles, prompting the evacuation of reserve staff in the area. Officials noted the volcano’s distance from local towns meant there was no immediate threat to residents.

The eruption began early Sunday morning when researchers spotted gas and vapor emerging from the volcano’s crater. The Kamchatka Volcanic Eruption Response Team confirmed no communities were at risk from the ash cloud.

This volcanic event follows a recent period of seismic unrest in Kamchatka, including a powerful 8.8-magnitude earthquake that triggered tsunami alerts but caused no significant damage. Another volcano in the region, Klyuchevskoy, also erupted shortly after that earthquake. The area continued to experience aftershocks, including a 7.0-magnitude quake near the Kuril Islands, which did not result in casualties or major damage. Emergency officials briefly issued, then canceled, tsunami warnings.

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