South Korean financial authorities have decided to file a criminal complaint against Bang Si-hyuk, chairman of entertainment company HYBE, on charges of fraudulent stock trading related to undisclosed profits from an initial public offering (IPO). The case is scheduled to be presented to the Securities and Futures Commission next week. HYBE has pledged full cooperation with the ongoing investigation. This action follows President Lee Jae-myung's directive for strict enforcement against unfair trading practices. In response, the government has established a joint task force named the 'Market Manipulation Eradication Joint Response Team' to enforce a 'one-strike-out' policy against stock price manipulation. The developments have led to a decline in HYBE's stock price amid growing investor concerns.