HYBE’s Controversial Audit
HYBE faced intense scrutiny during the National Assembly audit on October 24, 2024. The company’s COO, Kim Tae Ho, found himself in a challenging position as he struggled to address questions about leaked internal documents. The HYBE National Assembly audit controversy reached new heights when the company made an unexpected move by releasing a controversial statement mid-session.
The situation intensified when internal documents surfaced, revealing concerning information about HYBE’s business practices. National Assembly member Min Hyung Bae conducted a thorough questioning session, putting Kim Tae Ho in an increasingly difficult position. The tension in the room was palpable as Kim Tae Ho struggled to provide clear answers about Bang Si Hyuk’s involvement.
HYBE’s Statement Sparks Backlash
The HYBE National Assembly audit took a dramatic turn when the company released a defensive statement during the proceedings. This statement included a direct threat to hold responsible those who had leaked the internal documents. The aggressive tone immediately drew sharp criticism from Assembly members and the Ministry of Sports, Culture, and Tourism.
Committee head Jeon Jae Soo didn’t hold back in his criticism of HYBE’s response. He strongly emphasized that the audit was a constitutional process that demanded respect and proper conduct. The controversy deepened significantly when Kim Tae Ho admitted he hadn’t even seen the statement before its release, raising questions about internal communication at HYBE.
The Aftermath and Apology
Following the HYBE internal documents leak, Kim Tae Ho attempted to explain the company’s actions. He acknowledged that releasing the statement during the audit was inappropriate and explained that the company had been overwhelmed by media inquiries. The pressure to respond to rapidly spreading online information had led to their hasty decision.
HYBE’s subsequent admission of their mistake in undermining the audit’s authority came after intense pressure. They attempted to clarify that their intention wasn’t to disrespect the National Assembly, but rather to address the growing online speculation. The company’s response highlighted the complex challenges of managing public relations during sensitive investigations, especially in the age of instant online communication.
Final Thoughts: HYBE’s National Assembly Audit Controversy Continues
The HYBE National Assembly audit controversy serves as a reminder of the delicate balance between corporate communication and governmental proceedings. The incident has raised important questions about transparency, accountability, and proper protocol during official investigations. As the situation continues to develop, many industry observers are watching closely to see how this might impact HYBE’s future operations and relationships with regulatory bodies.
What are your thoughts on HYBE’s handling of this situation? Do you think their response was justified given the circumstances? Share your opinions in the comments below!
