Bang Si-hyuk buys 36.5 billion U.S. dollars in 'Min Hee-jin New Jins Chaos'

Jul 29, 2024

 Bang Si-hyuk buys 36.5 billion U.S. dollars in 'Min Hee-jin New Jins Chaos'
Bang Si-hyuk, chairman of Hive, purchased a luxury U.S. mansion under the name of the corporation.

According to the Financial Supervisory Service's electronic disclosure system recently, Bang Si-hyuk reported that he had a company called 'Bel Air Stradella' in the disclosure of the status of Hive's large-scale business groups. 'Bel Air Stradella' is an American real estate company in which Bang Si-hyuk owns a 100% stake.

According to the U.S. real estate media Dirt, Bang Si-hyuk also purchased a luxury mansion on Bel Air Stradella Road in Los Angeles for about $26.4 million (about 36.5 billion won) last year. Bang Si-hyuk bought the mansion under the name of the real estate corporation. Bang Si-hyuk reportedly purchased the mansion for the purpose of producing music and expanding the local music network.

Meanwhile, Hive sued CEO Min Hee-jin on charges of breach of duty and other charges, saying that CEO Min Hee-jin tried to take over management rights. Representative Min responded by saying "It is impossible due to the structure of the stake" and was even investigated by the police.

Since then, CEO Min's personal messenger contents have been released, sparking controversy every day. In response, CEO Min filed a complaint in Hive, claiming that he illegally forensics his submitted laptop and leaked the contents of the conversation, and Hive also announced a plan to respond with false accusations.





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