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.

The sudden exit of K-pop group NewJeans from ADOR has caused HYBE's market value to drop by over $423 million, according to CNBC.

"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.

In response, ADOR maintained that its agreement with NewJeans “remains in full effect.” The label urged the group to continue collaborating on upcoming projects. “We respectfully request that the group continue its collaboration with ADOR,” the statement read, according to Reuters.

The announcement comes after a months-long internal company dispute between the BTS agency and its subsidiary Ador, which manages NewJeans.

South Korean pop band NewJeans terminated contract with their agency Ador in an emergency press conference on9. The girl band's decision caused an upheaval for South Korea's largest K-pop agency HYBE,