SEOUL, SOUTH KOREA - NOVEMBER 28: Haerin, Danielle, Hanni, Minji and Hyein of girl group NewJeans attend the press conference on November 28, 2024 in Seoul, South Korea.
K-pop girl group NewJeans hold a press conference an announcement on the termination of their contract with their agency Ador.
South Korea's largest K-pop agency Hybe lost over $423 million in market cap on Friday after rookie group NewJeans announced it was terminating its contract with Hybe sub-label ADOR.
In 2024, NewJeans had also won the Group of the Year Award at Billboard's Women in Music ceremony.
Billboard's citation said the group scored entries across 10 Billboard charts, including the Billboard Hot 100, Billboard 200, and Billboard Global 200.
Persons:
Danielle, Hanni, Hybe, NewJeans, ADOR, Min Hee, Min
Organizations:
SOUTH, Hybe, South, JoongAng Ilbo, Group, Billboard
Locations:
SEOUL, SOUTH KOREA, Seoul, South Korea, South, ADOR, South Korean, South Korea's, NewJeans, U.S