K-pop agency HYBE plunges as NewJeans members leave

HYBE

29/11/2024 24:43

** K-pop agency HYBE  352820.KS  falls as much as 7% to
189,300 won; set for biggest daily drop since early August
    ** Members of NewJeans, one of the most popular K-pop
groups, say they are leaving their agency ADOR, a subsidiary of
powerhouse label HYBE
    ** NewJeans accounts for ~10% of HYBE's revenue, according
to analyst estimates
        ** Stock set to snap three-week gaining run to end week
in the red
  
    ** Broader KOSPI  .KS11  down 1.4%

 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com))