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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KAST SWORN IN AS CHILEAN PRESIDENT, VOWS STRICT CRIME MEASURES. (PHOTO).

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 Kast sworn in as Chilean president, vows strict crime measures

  Conservative leader José Antonio Kast was sworn in Wednesday as Chile’s president, taking over from outgoing leftist President Gabriel Boric and promising a tough approach to crime and irregular migration. Kast, a 60-year-old lawyer and former Republican Party leader, won the presidency on his third attempt, campaigning on an “emergency government” agenda aimed at dismantling organized crime networks and tightening border controls.

The inauguration took place at Chile’s National Congress in Valparaiso, attended by roughly 1,100 guests, including Latin American presidents, Spain’s King Felipe VI, Venezuelan opposition leader María Corina Machado, and U.S. Deputy Secretary of State Christopher Landau. Kast assumed office amid heightened security after a police officer was shot in the head earlier that day. Speaking before taking the oath, he vowed to pursue, prosecute, and imprison anyone who attacks Chilean police. Public concern over rising homicides, kidnappings, and extortion has fueled Kast’s hardline stance. He also pledged to deport roughly 350,000 undocumented migrants and secure Chile’s northern border.

Kast’s election reflects a broader conservative shift in parts of Latin America. He recently attended the “Shield of the Americas” summit near Miami alongside allies of former U.S. President Donald Trump. Foreign policy tensions marked the final days of Boric’s government, particularly over a proposed undersea fiber-optic cable connecting Chile and Hong Kong, which raised U.S. concerns over Chinese involvement in critical infrastructure. U.S. Ambassador to Chile Brandon Judd, present at the inauguration, said he expects closer cooperation under Kast and emphasized that U.S. concerns focus on critical infrastructure rather than trade. Economically, Kast’s government plans to cut $6 billion in public spending over 18 months, with Finance Minister Jorge Quiroz ordering a 3% reduction across all ministries.


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