Discover the latest K-pop industry turmoil involving HYBE and NewJeans, with surprising twists and financial impacts.
The K-pop world is buzzing with drama as HYBE, the powerhouse agency behind BTS, faces a series of disputes with NewJeans, a popular girl group label. The conflict escalated when HYBE reported CEO Min Hee-Jin of its subsidiary label ADOR to the police for breach of trust. Min Hee-Jin denied allegations of attempting to break away from HYBE, leading to a public showdown. The tensions reached a peak when HYBE's shares plummeted, wiping out a staggering $1.2 billion in market value.
Amidst the chaos, Ador CEO Min Hee-jin described the conflict as the 'worst experience' of her life, highlighting the intensity of the power struggle within the K-pop industry. Additionally, HYBE's new K-pop group, Illit, made headlines with their debut on March 25, adding a fresh twist to the ongoing saga. The internal strife between HYBE and ADOR has not only grabbed headlines but also had a significant financial impact, with HYBE's shares dropping by $873 million.
In a surprising turn of events, the conflict between HYBE and NewJeans reflects the cut-throat nature of the K-pop business, where power struggles and rivalries are not uncommon. The behind-the-scenes drama sheds light on the complexities of managing top-tier K-pop groups and labels in a highly competitive industry. As the saga continues to unfold, fans and industry experts are closely watching to see how the situation between HYBE and NewJeans will ultimately unfold.
A South Korean music executive credited with creating popular K-pop group NewJeans denied allegations that she was trying to break her label away from HYBE, ...
On April 25 KST, HYBE announced that the company will report CEO Min Hee-Jin of its subsidiary label ADOR to police for a breach of trust and other related ...
The BTS manager is fighting with Ador, its label behind popular girl group NewJeans. Read more at straitstimes.com.
Min Hee-jin, CEO of Ador, a sublabel of K-pop giant HYBE, reiterated her denial Friday of allegations that she and her aides attempted to usurp control of ...
The complaint was filed on Thursday (Apr 25) at a Seoul police station.
Illit made its debut on March 25, and is made up members aged between 16 and 20.
Min Hee-jin, CEO of girl group NewJeans' agency Ador, has claimed that she received a series of unfair demands in relation to the group's debut from parent ...
A South Korean music executive credited with creating popular K-pop group NewJeans denied allegations that she was trying to break her label away from HYBE, ...
(Bloomberg) -- Hybe Co.'s shares tumbled Friday as internal strife between the K-pop giant and ADOR, the Hybe-owned label behind popular girl group NewJeans ...
DONNING hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they ...
Hybe also claimed that Ms Min had been inappropriately โcoachedโ by a shaman while leading Ador. Read more at straitstimes.com.
HYBE denied claims that a delay of NewJeans' debut was due to its own broken promises, citing Min Hee-Jin's personal ambitions as the source.
Hybe, the largest K-pop company in South Korea, on Friday countered the latest allegations raised by the head of its sublabel ADOR suspected of plotting to ...
HYBE has released a new statement in response to the press conference held by ADOR CEO Min Hee Jin. Previously on April 25, HYBE shared a short response to ...
SEOUL: A South Korean music executive credited with creating popular K-pop group NewJeans denied allegations that she was trying to break her label away ...
The infighting between K-pop powerhouse Hybe and its label Ador has put fans on edge.
Read HYBE's detailed statement addressing the matters below. "Hello. This is HYBE. We would like to clarify some points in response to the remarks made by ...