Bang Si-hyuk
Bang Si-hyuk, also known as "Hitman" Bang, is a South Korean music executive, record producer and songwriter who is the founder of record label Big Hit Music and the chairman of HYBE Corporation. One of the 50 wealthiest people in South Korea according to Forbes Asia, Bang is the only billionaire in the South Korean entertainment industry. By July 2021, his reported net worth was an estimated $3.2 billion, according to the Bloomberg Billionaires Index.
Early life and education
Bang was born to Bang Geuk-yoon, former president of the Korea Workers' Compensation and Welfare Corporation at the Korea Social Insurance Research Institute, and his wife, Choi Myung-ja. Bang has a younger sister.Bang developed a passion for music from an early age, having grown up in a musical home, but was discouraged from pursuing a career in the industry by his parents. Bang formed a band with his friends while in middle school and wrote and performed songs he composed. He attended Kyunggi High School before graduating from Seoul National University with a degree in aesthetics.
Career
Bang debuted as a composer while in college. In 1994, he won the Yoo Jae-ha Music Contest and began his career in earnest writing and producing songs. He met Park Jin-young in 1997, and the pair often partnered together as a songwriting duo. When Park founded his company JYP Entertainment, Bang joined him as a composer, arranger and producer. One of their early successes was the first-generation group g.o.d. Some of g.o.d's most famous songs arranged by Bang include "One Candle" and "Road". Bang's stage name "Hitman" originated from this period, when g.o.d enjoyed success as one of the country's best-selling and most popular boy bands of the early 2000s, earning himself and Park a reputation as "hit makers". Besides g.o.d, Bang has produced or composed for many other artists, including veterans Im Chang-jung and Park Ji-yoon, singer-actor Rain, groups Wonder Girls, 2AM, and Teen Top, and R&B singer Baek Ji-young.In 2005, Bang left JYP and founded his own company, Big Hit Entertainment, where he continued to write, compose and produce for its artists. Under the Big Hit label, he signed up RM, at age 15, who would go on to lead the boy band BTS. He co-wrote six songs for BTS in their 2016 album Wings. Its success garnered Bang the Best Producer Award at the Mnet Asian Music Awards and the Songwriter Award at the Melon Music Awards that year. In June 2018, he was named one of Variety's International Music Leaders due to BTS' achievements.
In April 2019, Bloomberg estimated Bang's worth to be about $770 million. The BigHit initial public offering filed in October 2020 was the largest seen in South Korea in three years and skyrocketed Bang's net worth to $2.8 billion, making him the only billionaire in South Korea's entertainment industry and the sixth-richest person in the country. The success of the IPO, together with the commercial success of BTS that year, Bang's steps into diversification with apps like Weverse, and acquisitions of companies like Source Music and Pledis Entertainment among others, landed him on the 2020 edition of Varietys Variety500, an annual index of the 500 most influential business leaders in the global media industry.
In June 2021, Forbes Asia published its annual list of Korea's 50 Richest People. One of only two newcomers to the ranking, Bang was listed as the 16th richest person in South Korea. On July 1, following an organizational restructuring, Hybe announced Bang's resignation as CEO of the company to return his focus to music production. He was replaced by Park Ji-won, but retained his position as Chairman of the Board of Directors. According to the Bloomberg Billionaires Index, Bang is worth an estimated $3.2 billion as of July 2021.
Bang was featured on the cover of the April 2022 issue of Time magazine, together with BTS, following the release of the outlet's annual list of the 100 Most Influential Companies in March. Later that month, he received an honorary doctorate in Business from Seoul National University—he is the first figure in the entertainment industry to be awarded such—in recognition of his "contribution to the development and innovation of the nation's cultural and entertainment industry" and for his "role in turning K-pop into a global pop music culture".
Other activities
Philanthropy
In October 2022, Bang donated 5 billion won to the Community Chest of Korea.On February 17, 2023, Bang donated 200 million won through Save the Children to help in the 2023 Turkey–Syria earthquakes.
In March 2025, Bang donated 5 billion won to Seoul National University for the construction of a new Cultural Center.
Legal issues
Allegations of IPO fraud
In December 2024, South Korea's Financial Supervisory Service (FSS) launched an investigation into allegations that, ahead of Hybe's 2020 IPO, Bang entered into profit-sharing agreements with private equity funds without proper public disclosure to the market. Hybe denied any legal violation, stating that "the shareholder agreement in question" had been reviewed by IPO underwriters during the listing process and deemed not mandatory for disclosure.On July 16, 2025, the Financial Services Commission (SFC) formally referred Bang and three other executives to prosecutors on suspicion of unfair trading related to the IPO. A week later, on July 24, 2025, police raided Hybe's headquarters in Seoul as part of the ongoing investigation. Hybe stated it was fully cooperating with authorities and expressed its intent to prove compliance with all laws and regulations.
In August 2025, Bang voluntarily returned to South Korea to cooperate with the investigation. On August 6, 2025, he sent a company-wide message to employees expressing regret over the concern caused, informing he had already offered a comprehensive explanation to the FSS, and stating that he was "temporarily putting aside urgent work and business meetings in order to prioritize cooperating with the authorities’ investigation process". As of September 2025, the investigation is ongoing. In December 2025, the Seoul Southern District Court approved the Seoul Metropolitan Police Agency's request in November to provisionally seize his shares in Hybe worth 156.8 billion won.