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South Korea's largest K-pop agency loses $420 million in value as girl group NewJeans set to part ways

By CNBC   |   1 year ago
South Korea's largest K-pop agency loses $420 million in value as girl group NewJeans set to part ways

South Korea's K-pop group NewJeans terminated their contract with Hybe's sub-label ADOR, causing Hybe's market cap to drop. The group cited breaches in their contract and mistreatment as reasons for leaving, impacting Hybe's financial performance.

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