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,

As strange as it was, it happened — members of NewJeans ended their exclusive contracts with their agency ADOR. The jury is still out over whether the action is legitimate, but the more pressing issue is what ADOR and HYBE are going to do about it.

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.

Post, k-pop girl group NewJeans announcing the termination of contract with the agency ADOR, it has now created trouble for their parent company HYBE.

"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.

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,

The BTS parent company has been battling for control of the lucrative girl group after splitting with NewJeans creator director, Min Hee-jin.

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,