K-pop giant HYBE shares take another hit as dispute with NewJeans label drags on

FijiTimes

K-pop giant HYBE shares take another hit as dispute with NewJeans label drags on

Seoul (Reuters) – A South Korean music executive credited with creating popular K-pop group NewJeans denied allegations that she was trying to break her label away from HYBE, home to global sensation BTS, sending the K-pop giant’s shares tumbling on Friday. The internal dispute at HYBE, South Korea’s biggest music firm, has wiped over 12% off its share price since it became public and put a damper on expectations for an upturn from new releases …