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

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 "

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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.”
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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.
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