It was belatedly revealed that Bang Si Hyuk, chairman of the largest music production company in South Korea, HYBE, purchased a luxury mansion worth hundreds of billions of won in the United States through a private corporation.
According to the Financial Supervisory Service's electronic disclosure system, Bang recently reported his ownership of a real estate company entirely owned by him, following HYBE's designation as a large business group.
Local media in the United States reported last year that Bang had purchased a luxury mansion in a wealthy neighborhood of Los Angeles for approximately 36.5 billion won. It is reported that the purchase was made under the name of his real estate corporation.
SEE ALSO: HYBE Chairman Bang Si Hyuk questioned five times by police over alleged stock manipulation scheme
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