HYBE employee indicted on suspicion of violating capital markets law after selling stocks just before BTS's military enlistment announcement

Three employees of a HYBE affiliate company who obtained information about the group BTS's military enlistment and suspension of activities as a full group in advance and liquidated their HYBE shares just before the official announcement will be put on trial.
On the 27th, the Financial Investigation Division 1 of the Seoul Southern District Prosecutors' Office announced that they had received advance notice that a video containing news of a member of a famous idol group enlisting in the military and suspending activities as a full group would be released.
The court revealed that three individuals -- Mr. A (32 years old), Mr. B (35 years old), and Mr. C (39 years old) -- had been indicted without detention on suspicion of selling shares in a management company just before the video was released (a violation of the Capital Markets Act).
According to the prosecution, they used their work experience in visual creative (VC) and security teams to obtain important, undisclosed information.
Due to the nature of the group, they were able to contact the members at any time and maintained close relationships with other staff members, which is why they were able to learn about the group's enlistment and hiatus from activities.
It was revealed that they avoided losses of a total of 230 million won (approximately 250,000,000 yen). The Financial Supervisory Service's Capital Market Special Judicial Police arrested Mr. A and others in May last year and sent them to the prosecution.
Last June, BTS announced on YouTube that they would be "temporarily suspending group activities and pursuing individual activities for the time being." The following day, HYBE shares plummeted by 24.87%, and their market capitalization
The amount decreased by nearly 2 trillion won (about 230 billion yen).