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

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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 "

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