{"id":105599,"date":"2025-10-30T07:47:09","date_gmt":"2025-10-30T07:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/105599\/"},"modified":"2025-10-30T07:47:09","modified_gmt":"2025-10-30T07:47:09","slug":"newjeans-contract-ruled-valid-hybe-gains-almost-644-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/105599\/","title":{"rendered":"NewJeans contract ruled valid, Hybe gains almost $644 million"},"content":{"rendered":"

SEOUL, SOUTH KOREA – MARCH 7: NewJeans attends the first court hearing for ADOR lawsuit at Seoul Central District Court in Seocho-gu on March 7, 2025 in Seoul, South Korea. (Photo by The Chosunilbo JNS\/Imazins via Getty Images)<\/p>\n

The Chosunilbo Jns | Imazins | Getty Images<\/p>\n

South Korea’s largest K-pop agency Hybe added about $644 million in market value Thursday after a court reportedly ruled<\/a> that girl group NewJeans’ contract with its sublabel ADOR remains valid.<\/p>\n

Hybe shares gained as much as 7.12%, boosting its market capitalization by roughly 915 billion won ($644 million).<\/p>\n

The court ruling means that NewJeans are still contractually bound with ADOR until 2029, having signed their contract in April 2022.<\/p>\n

Hybe and its sublabels manage some of K-pop’s most popular names, including BTS, Seventeen, and LE SSERAFIM.<\/p>\n

The ruling\u00a0is the latest development in\u00a0a yearlong legal battle that began when the five-member girl group sought to terminate its contract<\/a> with Hybe in November 2024, citing contract breaches by ADOR. The announcement wiped about $420 million from Hybe’s market cap<\/a> at the time.<\/p>\n

ADOR then filed a lawsuit against the group in December, seeking confirmation of the validity of the exclusive contract.<\/p>\n

\"NJZ,<\/p>\n

The case stemmed from a conflict in April 2024 when Hybe accused then ADOR CEO Min Hee-jin of attempting to take the sublabel independent.<\/p>\n

Min denied the allegations<\/a>\u00a0and accused Hybe of copying NewJeans’ concept for another girl band under a different Hybe subsidiary.<\/p>\n

She resigned as ADOR CEO in August 2024,<\/a>\u00a0but remained as a company director before resigning from that position on Nov. 20 as well.<\/p>\n

NewJeans became one of K-pop’s most popular acts when it debuted in 2022, winning numerous domestic accolades and earning spots on 10\u00a0Billboard charts<\/a>, including the Billboard Hot 100, Billboard 200, and Billboard Global 200.<\/p>\n","protected":false},"excerpt":{"rendered":"SEOUL, SOUTH KOREA – MARCH 7: NewJeans attends the first court hearing for ADOR lawsuit at Seoul Central…\n","protected":false},"author":2,"featured_media":105600,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[357,146,85,46,409],"class_list":{"0":"post-105599","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-music","8":"tag-business-news","9":"tag-entertainment","10":"tag-il","11":"tag-israel","12":"tag-music"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/105599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=105599"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/105599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/105600"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=105599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=105599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=105599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}