All articles tagged with #hybe
Scooter Braun is stepping down as CEO of HYBE America to take on an advisory role and join the HYBE Board of Directors, ending a five-year tenure that included managing major artists like Justin Bieber and overseeing HYBE's U.S. operations. Isaac Lee will succeed him as CEO, while Braun remains a significant shareholder and continues to support HYBE's projects and artists.
Scooter Braun is stepping down as CEO of HYBE America after over four years, transitioning to an advisory role while Isaac Lee takes over as CEO and chairman. Braun remains on HYBE's board and as a senior advisor, praising the company's growth and leadership.
BTS is planning a full-group comeback in March 2026 after completing their mandatory military service, with all seven members returning by then, marking the end of a nearly two-year hiatus that included solo projects and military duties.
HYBE's stock value plummeted by $423 million following the departure of K-Pop group NewJeans, who terminated their contract with ADOR. This decision came amid ongoing tensions between the group, HYBE, and former ADOR CEO Min Hee Jin, to whom NewJeans remains loyal. The group's exit has significantly impacted HYBE's market position, causing a 6.97% drop in share prices.
South Korea's largest K-pop agency, Hybe, lost over $423 million in market value after the girl group NewJeans announced their departure from Hybe's sub-label ADOR, citing contract breaches and mistreatment. The announcement followed a management dispute and legal notice from NewJeans demanding changes, including the reinstatement of former ADOR CEO Min Hee-jin. The group's exit has significantly impacted Hybe's stock, which has already been under pressure due to industry-wide challenges and reduced profitability.
Popular K-pop girl group NewJeans has announced plans to terminate its exclusive contract with Ador, a subsidiary of Hybe. The group will hold a press conference to discuss the decision.
K-pop group NewJeans announced their departure from agency Ador, a Hybe subsidiary, citing mistreatment and manipulation. The split follows a long-standing conflict involving former producer Min Hee-Jin and Hybe's chairman. NewJeans filed a legal notice demanding contract breaches be resolved, and warned they might not retain their band name post-contract. Despite Ador's denial of contract violations, the group insists on mistreatment and seeks to work with Min, who left Ador amid similar disputes.
Min Hee-jin, former CEO of ADOR, a subsidiary of K-pop giant HYBE, has announced her resignation following a seven-month dispute with HYBE. The conflict involved allegations of Min attempting to take control of ADOR, which she denies, claiming it was retaliation for her whistleblowing. Despite support from NewJeans members and their parents, Min's injunction for reinstatement was rejected by the court. She plans to pursue legal action against HYBE and continue her career in the K-pop industry.
Min Hee Jin has resigned as internal director of ADOR and terminated her shareholder agreement with HYBE, citing breaches and illegal activities by the company. She plans to take legal action against HYBE, accusing them of a wrongful audit and spreading false information. Despite a prolonged dispute, Min Hee Jin remains committed to her principles and thanks supporters, including NewJeans fans, for their encouragement.
Former ADOR CEO Min Hee Jin is facing financial difficulties as a court has provisionally seized her property following a creditor's claim of ₩100 million KRW (approximately $71,500 USD). The property, purchased in 2011 for ₩387 million KRW, is now valued at around ₩985 million KRW due to its location in Yeonnam-dong. The reason for the creditor's claim is unclear, but Min has previously mentioned financial strain due to legal fees related to her ongoing legal battle with HYBE and BeLift Lab.
K-Netizens are criticizing HYBE for the additional costs associated with BTS member Jin's hug event, accusing the company of exploiting fans by requiring them to purchase multiple albums for a chance to participate. Fans argue that the event feels like a scheme to offload extra albums and tarnishes Jin's image, with many expressing frustration over K-Pop companies' greed and disregard for fans' financial constraints.
ADOR CEO Min Hee Jin discussed her management philosophy, thanked NewJeans' fans, and outlined future plans for the group during a press conference. She addressed the dismissal of ADOR's executive board members, her legal victory against HYBE, and the emotional toll of the conflict. Min Hee Jin emphasized her commitment to the company's success and rational management, while also expressing her close relationship with NewJeans and their families. She revealed plans for NewJeans' first world tour and reiterated her hopes for their happiness and growth.
At a press conference, ADOR CEO Min Hee Jin expressed relief after being cleared of embezzlement accusations and suggested reconciliation with HYBE. She emphasized her commitment to her vision for NewJeans and addressed the emotional toll of recent events, while also discussing future plans for the group, including a concert at the Tokyo Dome and a world tour.
ADOR CEO Min Hee-jin held a press conference to address her ongoing legal and corporate battles with parent company HYBE. She expressed relief over a court ruling that blocked HYBE from voting to remove her as CEO and discussed the emotional toll of the past month. Min emphasized her commitment to ADOR and NewJeans, while her lawyers explained the legal intricacies of the case. Despite the tension, Min called for constructive dialogue and expressed hope for an amicable resolution.
Min Hee Jin announced plans for a second press conference following ADOR's shareholder meeting, where HYBE controversially fired two ADOR executives despite a court ruling against using their voting rights. Min Hee Jin's lawyers warned that this move could lead to another legal battle, as there are no grounds for the terminations.