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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GROUNDBREAKING FOR HUGE MICRON CHIP PLANT IN CENTRAL NEW YORK AFTER YEARS OF PLANNING. (PHOTO).

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 Groundbreaking for huge Micron chip plant in Central New York after years of planning


 Micron officially broke ground Friday on its massive new chipmaking facility in Clay, Central New York, drawing a crowd of federal, state, and local officials to celebrate the start of construction. The project is expected to become the largest semiconductor facility in the United States and represents the company’s largest private investment in New York’s history, with a projected $100 billion over the next two decades.

Gov. Kathy Hochul praised the project as a milestone for manufacturing in the state, calling it “a dream come true” that will revitalize New York’s economy. Micron CEO Sanjay Mehrotra said the groundbreaking marks the start of “a transformation” that began four years ago when he first visited the site, adding that the facility will generate tens of thousands of jobs and position Central New York as a key hub for the AI economy. The ceremony also drew U.S. senators Chuck Schumer and Kirsten Gillibrand, Commerce Secretary Howard Lutnick, and Labor Secretary Lori Chavez-DeRemer, who highlighted the historic construction labor agreement tied to the project. Mehrotra said the first chips are expected to be produced at the Clay site in about four years, and Schumer described the project as “the dawn of a new day” for semiconductors along the I-90 corridor.


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