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Published 11 days ago

Record giant HYBE audits ‘NewJeans’ label as infighting returns to K-pop

Summary by WTVB

By Hyunsu Yim SEOUL (Reuters) -South Korea’s largest music company is auditing the management of one of its labels as it suspects they are planning to break away, the latest case of infighting in K-pop, one of the world’s most popular and profitable music industries. HYBE houses multiple labels behind globally renowned groups including BTS and Seventeen, and its shares fell nearly 8% on Monday largely due to the internal dispute. A HYBE represen…

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K-Pop Clash as HYBE Probes Alleged Breakaway Attempt by NewJeans Label ADOR

HYBE Corp., the biggest corporation in the South Korean pop music scene, has begun an audit into ADOR, the label responsible for K-pop act NewJeans. HYBE says that executives at the majority-owned subsidiary mya be attempting to break away from the conglomerate. “HYBE invoked the right to audit CEO Min Hee-Jin and top executives of […]

11 days ago·Los Angeles, United States

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Record giant HYBE audits ‘NewJeans’ label as infighting returns to K-pop

By Hyunsu Yim SEOUL (Reuters) -South Korea’s largest music company is auditing the management of one of its labels as it suspects they are planning to break away, the latest case of infighting in K-pop, one of the world’s most popular and profitable music industries. HYBE houses multiple labels behind globally renowned groups including BTS and Seventeen, and its shares fell nearly 8% on Monday largely due to the internal dispute. A HYBE represen…

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