Luxury house in LA owned by Hive Chairman Bang Si-hyuk. Photo provided by Kyunghyang Newspaper.
“An investigation by the Fair Trade Commission (FTC) is expected to continue regarding Hive Chairman Bang Si-hyuk not including the luxury house he owns in the United States in Hive’s assets,” “According to local US media, Chairman Bang Si-hyuk purchased a luxury house in Bel Air, LA in 2022. The house, where the famous American comedian Kevin Hart resided, was acquired by Chairman Bang Si-hyuk for $26.4 million (approximately 36.5 billion Korean won).” “The house purchased by Chairman Bang Si-hyuk is located in Bel Air, a prominent luxury complex in West LA. It is also famous for being a residence for Hollywood celebrities and sports stars.”
Luxury house in LA known to be owned by Hive Chairman Bang Si-hyuk. Provided by Architectural Digest.
“The re-emergence of Chairman Bang Si-hyuk’s luxury house is due to the FTC’s investigation. Chairman Bang Si-hyuk recently reported owning ‘Bel Air Stradella, LLC’ through Hive’s large corporate group disclosure.” “This company operates in the real estate industry in the United States, and Chairman Bang Si-hyuk holds a 100% stake in it.” “Chairman Bang Si-hyuk also purchased the luxury house in LA through this company.” “While Hive and Chairman Bang Si-hyuk filed a correction report citing ‘simple omission,’ Hive stated, ‘Due to the disclosure obligations arising from the designated large corporate group, it was simply overlooked in practice.'” “Earlier, the FTC dispatched investigators to Hive headquarters on June 24 for suspicions of omission in the disclosure of large corporate group designation. With Hive being designated as a large corporate group, it was required to submit information on subsidiaries, familial relationships, shareholders, etc., but false or missing information was suspected.” “Although Hive submitted a correction report regarding the entity owned by Chairman Bang Si-hyuk, the FTC plans to continue investigating whether this omission is simply due to negligence or intentional concealment.” “If this correction report by Hive is found to be a simple oversight, the case could be closed without issue. However, if there is evidence of intentional omission for unfair practices, Chairman Bang Si-hyuk, the same individual, may face criminal prosecution.” “Reporter Lee Sun-myeong 57km@kyunghyang.com”, Sports Kyunghyang Headlines, ‘▶ Follow Sports Kyunghyang on Social Media ‘, ‘▶ ‘, ‘▶ ‘, ‘[ⓒSports Kyunghyang(‘, ‘), All rights reserved. Unauthorized reproduction or redistribution prohibited]’,