HYBE is reportedly facing a major setback after the popular girl group, who were at the peak of their career, announced their exit from the agency. Citi

On, K-pop sensation NewJeans held an emergency press conference to announce their decision to terminate their contracts with HYBE subsidiary ADOR. The shocking announcement has sent ripples… The post NewJeans Exits HYBE’s ADOR: Here’s What Fans Need to Know appeared first on Where Is The Buzz | Breaking News,

NewJeans also revealed that they want to continue working with Min Hee-jin, the former ADOR CEO and the group’s creative director. Min was removed from her position at the label after HYBE accused her of attempting to gain control of ADOR from its parent company by selling company shares and leaking confidential information.

After NewJeans announced contract termination with ADOR, a big financial blow hits HYBE, amounting to almost half a billion dollars.

NewJeans terminated its contract with ADOR on November 28, Soon after, its parent company HYBE started facing the heat. As per Korean media, the shares of HYBE plummeted drastically leaving it losing nearly half a billon dollars in the market,

"Our contracts with ADOR have ended as of Nov. 29, 2024, and the five of us will start our new activities, free from HYBE and ADOR," the members of NewJeans said in a statement on Friday afternoon.

The popular K-pop girl group NewJeans announced in a recent press conference that they have decided to part ways with their agency ADOR, which is a sub-label under HYBE. Tensions around NewJeans’ association with ADOR started building following the fallout between former ADOR CEO Min Hee-Jin and HYBE.

Ador, the management agency of NewJeans, has rejected the group’s abrupt announcement of contract termination, asserting that their exclusive agreement remains valid until July 31, 2029. The K-pop label’s response came after NewJeans held a press conference Thursday to reveal their decision,

NewJeans also stated that, after their contract termination, they may no longer be able to use their group name going forward. In response, ADOR maintained that its agreement with

Minji, Hanni, Danielle, Haerin, and Hyein – have officially announced the termination of their contracts with ADOR. This bold decision comes after the group’s emergency press conference on November 28,

NewJeans announced leaving ADOR due to internal issues. Former CEO Min Hee-Jin subtly supported them by sharing a track on Instagram story.