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The girl band's decision caused an upheaval for South Korea's largest K-pop agency HYBE, which lost $423 million in its value after the split. How? Watch for details- NewJeans Terminate Contract ...
CNBC reported that as a result of the contract termination, HYBE reportedly lost around $423 million in market cap on Friday, November 29. HYBE's company shares dropped by 6.97%. After the news of ...
South Korea's largest K-pop agency Hybe lost over $423 million in market cap on Friday after rookie group NewJeans announced it was terminating its contract with Hybe sub-label ADOR. The ...
The loss of NewJeans is a significant blow to Hybe, given the group’s meteoric rise in the K-pop scene. The agency’s third-quarter net profit for 2024 plunged nearly 99% year-on-year.