Bang Si Hyuk's private corporation acquires high-end property in Los Angeles

It was belatedly revealed that Bang Si Hyuk, chairman of the largest music production company in South Korea, HYBE, purchased a luxury mansion worth hundreds of billions of won in the United States through a private corporation.

According to the Financial Supervisory Service's electronic disclosure system, Bang recently reported his ownership of a real estate company entirely owned by him, following HYBE's designation as a large business group.

Local media in the United States reported last year that Bang had purchased a luxury mansion in a wealthy neighborhood of Los Angeles for approximately 36.5 billion won. It is reported that the purchase was made under the name of his real estate corporation.

SEE ALSO: Bang Si Hyuk donates 5 billion KRW (~3.7 million USD) to Seoul National University