BusinessPostCorner.com
No Result
View All Result
Saturday, July 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

NewJeans leaves K-pop label HYBE alleging ‘mistreatment,’ ‘manipulation’

November 28, 2024
in Business
Reading Time: 2 mins read
A A
0
NewJeans leaves K-pop label HYBE alleging ‘mistreatment,’ ‘manipulation’
ShareShareShareShareShare

Chart-topping K-pop group NewJeans announced Thursday their decision to leave their label ADOR, accusing the company of “mistreatment”.

The news comes two weeks after the girl group sent an ultimatum to ADOR parent company HYBE—behind K-pop sensation BTS—telling the firm they would terminate their contract unless a set of demands was met.

“From midnight today, our contract will be terminated with ADOR,” member Minji said at a press conference.

NewJeans made their debut in 2022 and the K-pop phenomenon is among HYBE’s most successful groups.

Band member Hanni said Thursday the group has “faced mistreatment, not just towards us but also including our staff,” without elaborating.

NewJeans experienced “deliberate miscommunications and manipulation regarding multiple areas,” she said.

“This is not the type of work ethic we respect and not one we want to be a part of, and to continue working under a company with no intention of protecting NewJeans would only do us harm,” said Hanni.

ADOR did not immediately respond to AFP requests to comment on the announcement.

The band members said they would continue with their contractual obligations, but acknowledged they may no longer be able to use the name NewJeans.

“However, that doesn’t mean that we are giving up on the name at all,” said Danielle.

“We will continue to fight for NewJeans. NewJeans never die.”

The group’s demands addressed to HYBE included an apology for a comment by one of the company’s managers, who is accused by NewJeans of bullying, and the immediate reinstatement of their producer Min Hee-jin.

Min resigned last week from ADOR’s board of directors after HYBE accused her of breach of trust, which sparked a sprawling legal and PR battle.

‘Predetermined outcome’

Industry experts said the decision by NewJeans was expected.

“The contract termination lawsuit itself has been widely anticipated in the market, so today’s press conference, in a way, seems to have a predetermined outcome,” said Lim Soo-jin, an analyst at Daishin Securities.

“Entertainment analysts have generally excluded NewJeans-related projections from next year’s estimates, so the overall impact is not expected to be substantial,” he told AFP.

The hefty fee which NewJeans may have to pay will compensate for “financial loss” at the label, he added.

The K-pop group may have to face a contractual penalty of up to 620 billion won ($440 million) according to legal experts.

The band members, however, disagree.

“We have not breached the exclusive contract and have done our best in our activities so far, so we believe there is no reason for us to pay any penalty,” said band member Haerin.

“On the contrary, it is ADOR and HYBE that violated the contract, leading to this situation, and the responsibility clearly lies with them.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Syrian Islamists launch major offensive against Bashar al-Assad’s regime

Next Post

Vladimir Putin threatens to turn Kyiv targets ‘to dust’

Next Post
Vladimir Putin threatens to turn Kyiv targets ‘to dust’

Vladimir Putin threatens to turn Kyiv targets ‘to dust’

Netflix’s shares slide on disappointing growth forecasts

Netflix’s shares slide on disappointing growth forecasts

July 16, 2026
Audit partners concerned about AI risks

Audit partners concerned about AI risks

July 15, 2026
How Aldi is taking on US supermarkets with its  almond butter

How Aldi is taking on US supermarkets with its $4 almond butter

July 12, 2026
‘Work situationship’: Why uncertainty shapes worker dynamics

‘Work situationship’: Why uncertainty shapes worker dynamics

July 16, 2026
The US and Iran can’t agree on reopening Hormuz. The solution could be from the Old Testament

The US and Iran can’t agree on reopening Hormuz. The solution could be from the Old Testament

July 11, 2026
‘A casino for investors’: leverage brings huge swings to world’s best-performing market

‘A casino for investors’: leverage brings huge swings to world’s best-performing market

July 17, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan

Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan

July 18, 2026
Surrogacy controversy sparks resignation of Merz’s parliamentary leader

Surrogacy controversy sparks resignation of Merz’s parliamentary leader

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!