News Formal

Hybe, K-pop's largest agency, gains $282 million in market cap after sublabel CEO steps down

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Music News

Entertainment,Business News

Min reportedly said, however, that 'the decision was illegal' and made 'unilaterally.'

The move is the latest development in a long running legal battle between Hybe and now former ADOR CEO Min Hee Jin

Shares of Kospi-listed Hybe popped as much as 4.97% on Wednesday after Min Hee-jin, the former CEO of sublabel ADOR, stepped down on Tuesday after market hours. SEOUL, SOUTH KOREA - August 01: NewJeans attends Hyundai Department Store Duty Free 'EVERYDAY HYUNDAY' event at Hyundai Department Store Duty Free Dongdaemun in Jung-gu on August 01, 2024 in Seoul, South Korea.South Korean media, however, reported Min said in a statement "

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hybe, K-pop's largest agency, gains $282 million in market cap after sublabel CEO steps downMin reportedly said, however, that “the decision was illegal” and made “unilaterally.”
Source: NBCNewYork - 🏆 270. / 63 Read more »

HYBE Announces Details For New Business Strategy HYBE 2.0HYBE has unveiled its new business strategy! As hinted at last week by former HYBE CEO Park Ji Won, HYBE has launched a new mid-to-long-term growth strategy dubbed “HYBE 2.0.
Source: soompi - 🏆 574. / 51 Read more »