HYBE has officially announced the debut of its newest girl group, TUIDE, marking the launch of the first artist under HYBE MUSIC GROUP's newly established label, ABD. The seven-member group will make its debut this month along with a project that introduces the group's musical vision to audiences worldwide.<h2>TUIDE to make their debut soon!</h2>The announcement was accompanied by the release of introduction visuals across TUIDE's official social media platforms. The images offered fans their first complete look at members SEOHEE, SEOYEON, ELENA, JIA, SAKI, SEAH and YI HANI, each showcasing a distinct personality while hinting at the group's fresh concept. The seven-member group will make its debut on August 24 with its first EP, TUNE &amp; PLAY.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/hybe-girl-group-unite-katseye-le-sserafim-illit-s-iconic-by-mistake-track-sparks-fan-frenzy-1781178299734">HYBE girl group unites! KATSEYE, LE SSERAFIM &amp; ILLIT's Iconic by Mistake track sparks fan frenzy</a><figure class="image"><img src="https://cdn1.wionews.com/prod/wion/images/2026/20260803/image-1785758937758.png"></figure>According to HYBE, TUNE &amp; PLAY represents TUIDE's ambition to unite different musical languages into a single rhythm. The EP is designed to blend sounds, influences and textures from various generations and cultures, while highlighting the seven members' individual colours through a cohesive musical identity.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/after-bts-grammys-boycott-hybe-breaks-silence-this-is-not-a-boycott-at-the-company-level-1785315598846">After BTS' Grammys boycott, HYBE breaks silence: 'This is not a boycott at the company level'</a><h2>About TUIDE</h2>TUIDE—comprised of SEOHEE, SEOYEON, ELENA, JIA, SAKI, SEAH, and YI HANI—are the first group to debut under ABD, HYBE's new label specializing in girl group production. The septet takes its name from the phrase "Tune the Tide," reflecting its ambition to experience the various tides of the world and tune them into new forms of joy through music.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bts-agency-founder-bang-si-hyuk-faces-potential-arrest-in-south-korean-financial-fraud-probe-1776781911871">BTS agency founder Bang Si-Hyuk faces potential arrest in South Korean financial fraud probe</a>&nbsp;Together, the seven members shape an effortless yet vibrant groove, while each member's individuality shines in their own way. Driven by this harmonious energy, TUIDE are poised to emerge as K-pop’s new tide—a global breakout act creating ripples across playlists around the world.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/j-hope-s-response-to-hybe-founder-bang-si-hyuk-in-bts-the-return-documentary-goes-viral-watch-1774702722067">J-Hope’s response to HYBE founder Bang Si Hyuk in BTS: THE RETURN documentary goes viral | Watch</a>&nbsp;ABD’s first girl group, TUIDE, whose production will be led by Master Professional (MP) Sung Soo Han—widely recognized as the creative mastermind behind artists including SEVENTEEN, After School, IZ*ONE, and TWS—is set to debut in the second half of 2026.

HYBE has unveiled new girl group TUIDE. The label has also announced the debut date along with the name of the track. Read to know more details.

HYBE has officially announced the debut of its newest girl group, TUIDE, marking the launch of the first artist under HYBE MUSIC GROUP's newly established label, ABD. The seven-member group will make its debut this month along with a project that introduces the group's musical vision to audiences worldwide. TUIDE to make their debut soon! The announcement was accompanied by the release of introduction visuals across TUIDE's official social media platforms. The images offered fans their first complete look at members SEOHEE, SEOYEON, ELENA, JIA, SAKI, SEAH and YI HANI, each showcasing a distinct personality while hinting at the group's fresh concept. The seven-member group will make its debut on August 24 with its first EP, TUNE & PLAY. Also Read: HYBE girl group unites! KATSEYE, LE SSERAFIM & ILLIT's Iconic by Mistake track sparks fan frenzy According to HYBE, TUNE & PLAY represents TUIDE's ambition to unite different musical languages into a single rhythm. The EP is designed to blend sounds, influences and textures from various generations and cultures, while highlighting the seven members' individual colours through a cohesive musical identity. Also Read: After BTS' Grammys boycott, HYBE breaks silence: 'This is not a boycott at the company level' About TUIDE TUIDE—comprised of SEOHEE, SEOYEON, ELENA, JIA, SAKI, SEAH, and YI HANI—are the first group to debut under ABD, HYBE's new label specializing in girl group production. The septet takes its name from the phrase "Tune the Tide," reflecting its ambition to experience the various tides of the world and tune them into new forms of joy through music. Also Read: BTS agency founder Bang Si-Hyuk faces potential arrest in South Korean financial fraud probe Together, the seven members shape an effortless yet vibrant groove, while each member's individuality shines in their own way. Driven by this harmonious energy, TUIDE are poised to emerge as K-pop’s new tide—a global breakout act creating ripples across playlists around the world. Also Read: J-Hope’s response to HYBE founder Bang Si Hyuk in BTS: THE RETURN documentary goes viral | Watch ABD’s first girl group, TUIDE, whose production will be led by Master Professional (MP) Sung Soo Han—widely recognized as the creative mastermind behind artists including SEVENTEEN, After School, IZ*ONE, and TWS—is set to debut in the second half of 2026.

HYBE has unveiled new girl group TUIDE. The label has also announced the debut date along with the name of the track. Read to know more details.

HYBE unveils seven-member girl group TUIDE, confirms debut date

Despite posting its strongest quarterly results ever, south Korean entertainment giant HYBE has seen nearly 2 billion dollars wiped off its market value. The reason? Investors aren't questioning BTS' popularity; they're questioning how much money the company actually keeps from those blockbuster concerts.


BTS boom wipes $2 Bn off HYBE value 

South Korean girl group NewJeans is once again grabbing headlines for all the wrong reasons. After facing several obstacles, &nbsp;the k-pop group's hit track ETA has become the subject for a new copyright lawsuit in the US. Reportedly, the groups' labels ADOR and HBYE have also been named in the lawsuit as well.<h2>Details of NewJeans and its labels facing lawsuit in US</h2>US copyright infringement company All Surface Publishing filed the suit over ETA with the US District Court for the Central District of California, as per the report of The Korea Times. Reportedly, the suit names not only NewJeans, its agency ADOR, parent company HYBE, producer 250, and lyricists Beenzino and Vana as defendants but also Apple, the US electronics maker that featured the group in its advertising.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/k-pop-girl-group-newjeans-to-make-their-comeback-soon-ador-issues-statement-1777282884278">K-pop girl group NewJeans to make their comeback soon? ADOR issues statement</a>&nbsp;The lawsuit claims that ETA lifts instrumentals from Samir's Theme, a 2005 dance track by producer DJ Debonair Samir to which it holds the rights. The suit alleges the unauthorised use of the track's syncopated horn melody, 16th note rhythmic structure and bass drum pattern.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/after-newjeans-former-ador-ceo-min-hee-jin-too-form-a-new-idol-group-here-s-the-truth-1764833735672">After NewJeans, former ADOR CEO Min Hee Jin to form a new idol group? Here's the truth</a>&nbsp;Apart from other claims, the plaintiff is also seeking profits earned from the song and statutory damages of up to $150,000 for the alleged infringement. For the unversed, ETA, released as part of NewJeans' second EP Get Up in July 2023, helped the group become the first K-pop girl group to debut at No. 1 on the Billboard 200.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/newjeans-vs-ador-music-label-submits-several-demos-as-evidence-for-group-s-next-album-1762082282543">NewJeans vs ADOR: Music label submits several demos as evidence for group's next album</a><h2>All about NewJeans</h2>NewJeans is a South Korean girl group formed by ADOR, a sub-label of HYBE. It is known for its 1990s and 2000s nostalgic aesthetic, breezy R&amp;B sound, and tracks. They made their debut in July 2022 with the single track Attention.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/ador-vs-newjeans-agency-terminates-contract-with-danielle-while-hani-to-continue-post-court-ruling-1767008224695">ADOR vs NewJeans: Agency terminates contract with Danielle, while Hani to continue post court-ruling</a>&nbsp;The group consists of five members: Minji, Hanni, Danielle, Haerin and Hyein. Since their surprise debut in July 2022, the group has shattered records on Spotify with their smooth, refreshing discography. Their other tracks that topped the charts are Hype Boy, Super Shy, Ditto &amp; OMG, Cool With You, How Sweet, and Supernatural, among others.&nbsp;

K-pop girl group NewJeans is reportedly sued in the US over copyright infringement. In addition, their label ADOR and parent company HYBE are also named in the lawsuit. Read to know more. 

South Korean girl group NewJeans is once again grabbing headlines for all the wrong reasons. After facing several obstacles, the k-pop group's hit track ETA has become the subject for a new copyright lawsuit in the US. Reportedly, the groups' labels ADOR and HBYE have also been named in the lawsuit as well. Details of NewJeans and its labels facing lawsuit in US US copyright infringement company All Surface Publishing filed the suit over ETA with the US District Court for the Central District of California, as per the report of The Korea Times. Reportedly, the suit names not only NewJeans, its agency ADOR, parent company HYBE, producer 250, and lyricists Beenzino and Vana as defendants but also Apple, the US electronics maker that featured the group in its advertising. Also Read: K-pop girl group NewJeans to make their comeback soon? ADOR issues statement The lawsuit claims that ETA lifts instrumentals from Samir's Theme, a 2005 dance track by producer DJ Debonair Samir to which it holds the rights. The suit alleges the unauthorised use of the track's syncopated horn melody, 16th note rhythmic structure and bass drum pattern. Also Read: After NewJeans, former ADOR CEO Min Hee Jin to form a new idol group? Here's the truth Apart from other claims, the plaintiff is also seeking profits earned from the song and statutory damages of up to $150,000 for the alleged infringement. For the unversed, ETA, released as part of NewJeans' second EP Get Up in July 2023, helped the group become the first K-pop girl group to debut at No. 1 on the Billboard 200. Also Read: NewJeans vs ADOR: Music label submits several demos as evidence for group's next album All about NewJeans NewJeans is a South Korean girl group formed by ADOR, a sub-label of HYBE. It is known for its 1990s and 2000s nostalgic aesthetic, breezy R&B sound, and tracks. They made their debut in July 2022 with the single track Attention. Also Read: ADOR vs NewJeans: Agency terminates contract with Danielle, while Hani to continue post court-ruling The group consists of five members: Minji, Hanni, Danielle, Haerin and Hyein. Since their surprise debut in July 2022, the group has shattered records on Spotify with their smooth, refreshing discography. Their other tracks that topped the charts are Hype Boy, Super Shy, Ditto & OMG, Cool With You, How Sweet, and Supernatural, among others.

K-pop girl group NewJeans is reportedly sued in the US over copyright infringement. In addition, their label ADOR and parent company HYBE are also named in the lawsuit. Read to know more.&nbsp;

NewJeans, ADOR and HYBE sued in US over alleged copyright infringement involving 'ETA'

South Korean group BTS are busy with their Arirang World Tour after a hiatus of four years. The boy band are in Busan, South Korea, for two nights at the Busan Asiad Main Stadium on June 12 and June 13. These highly anticipated shows coincided with the group's 13th debut anniversary. However, the opening night in Busan was delayed for almost an hour, and the label HYBE has issued an apology in regard to this.<h2>HYBE issues an apology over delayed opening night in Busan for their Arirang World Tour</h2>HYBE made an official statement through SNS issuing an apology. The statement read, “We deeply apologise to all audiences who came to watch the BTS WORLD TOUR ‘ARIRANG’ IN BUSAN performance held today for the significant inconvenience caused by the delayed start of the performance. Although we prepared as thoroughly as possible to avoid any negligence in operations to provide a meaningful time for the audience, the main performance was delayed due to a combination of factors, including confusion in on-site guidance, bottlenecks in the fan gift distribution queue, and delays in merchandise pickup.”&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bts-festa-2026-k-pop-boy-band-unveils-arirang-hidden-track-come-over-ahead-of-13th-debut-anniversary-1781241231290">BTS Festa 2026: K-pop boy band unveils Arirang hidden track Come Over ahead of 13th debut anniversary</a>&nbsp;“We once again sincerely apologise for causing great disappointment and inconvenience to the audience who waited a long time to watch the performance. For the performance scheduled for the following day, we will thoroughly inspect and improve all aspects of on-site operations, including entry and gift distribution, to prevent the same congestion from occurring,” HYBE added.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bts-tour-impact-rivals-taylor-swift-as-global-fan-economy-surges-1778419559085">BTS Tour impact rivals Taylor Swift as global fan economy surges</a>&nbsp;For the unversed, the venue in Busan drew attention when it had hosted the 2030 Busan World Expo Bid Commemoration Concert, the members' last performance before enlisting in the military, and the concerts are being held before their debut anniversary.<h2>Why was the concert in Busan delayed?</h2>The opening night concert in Busan for their Arirang World Tour faced delay as the fans experienced severe congestion and long waits due to disorganised fan gift distributions and slow merchandise pickups.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bts-best-moments-before-their-reunion-for-2026-world-tour-1774079835476">BTS' best moments before their reunion for 2026 world tour</a>&nbsp;In addition, a large portion of attendees were stuck at the gates. Recognising this, BTS reportedly refused to start the concert until the majority of their audience was inside. Insufficient or unclear staff direction regarding ticketing and gate queues slowed down the entry process for tens of thousands of fans.<h2>Where is the next stop of BTS after Busan?</h2>After their two-day show in Busan, BTS will be heading to Europe to kick off the next leg of their Arirang World Tour, with their next performance in Madrid. The two shows will take place at the Riyadh Air Metropolitano Stadium on June 26 and June 27, 2026.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bts-comeback-in-2026-k-pop-boy-band-announces-release-date-reveal-about-new-album-and-more-1767248242212">BTS comeback in 2026: K-pop boy band announces release date, reveal about new album and more</a>&nbsp;After the Madrid shows, the tour will continue to Brussels for two nights on July 1 and 2, and then to London for two nights on July 6 and 7.

HYBE has issued an apology after the opening night of BTS' Arirang World Tour in Busan was delayed more than an hour. Read to know more. 

South Korean group BTS are busy with their Arirang World Tour after a hiatus of four years. The boy band are in Busan, South Korea, for two nights at the Busan Asiad Main Stadium on June 12 and June 13. These highly anticipated shows coincided with the group's 13th debut anniversary. However, the opening night in Busan was delayed for almost an hour, and the label HYBE has issued an apology in regard to this. HYBE issues an apology over delayed opening night in Busan for their Arirang World Tour HYBE made an official statement through SNS issuing an apology. The statement read, “We deeply apologise to all audiences who came to watch the BTS WORLD TOUR ‘ARIRANG’ IN BUSAN performance held today for the significant inconvenience caused by the delayed start of the performance. Although we prepared as thoroughly as possible to avoid any negligence in operations to provide a meaningful time for the audience, the main performance was delayed due to a combination of factors, including confusion in on-site guidance, bottlenecks in the fan gift distribution queue, and delays in merchandise pickup.” Also Read: BTS Festa 2026: K-pop boy band unveils Arirang hidden track Come Over ahead of 13th debut anniversary “We once again sincerely apologise for causing great disappointment and inconvenience to the audience who waited a long time to watch the performance. For the performance scheduled for the following day, we will thoroughly inspect and improve all aspects of on-site operations, including entry and gift distribution, to prevent the same congestion from occurring,” HYBE added. Also Read: BTS Tour impact rivals Taylor Swift as global fan economy surges For the unversed, the venue in Busan drew attention when it had hosted the 2030 Busan World Expo Bid Commemoration Concert, the members' last performance before enlisting in the military, and the concerts are being held before their debut anniversary. Why was the concert in Busan delayed? The opening night concert in Busan for their Arirang World Tour faced delay as the fans experienced severe congestion and long waits due to disorganised fan gift distributions and slow merchandise pickups. Also Read: BTS' best moments before their reunion for 2026 world tour In addition, a large portion of attendees were stuck at the gates. Recognising this, BTS reportedly refused to start the concert until the majority of their audience was inside. Insufficient or unclear staff direction regarding ticketing and gate queues slowed down the entry process for tens of thousands of fans. Where is the next stop of BTS after Busan? After their two-day show in Busan, BTS will be heading to Europe to kick off the next leg of their Arirang World Tour, with their next performance in Madrid. The two shows will take place at the Riyadh Air Metropolitano Stadium on June 26 and June 27, 2026. Also Read: BTS comeback in 2026: K-pop boy band announces release date, reveal about new album and more After the Madrid shows, the tour will continue to Brussels for two nights on July 1 and 2, and then to London for two nights on July 6 and 7.

HYBE has issued an apology after the opening night of BTS' Arirang World Tour in Busan was delayed more than an hour. Read to know more.&nbsp;

HYBE issues apology following delayed start to BTS' Busan world tour concert

South Korean music producer and ex-ADOR head, is grabbing headlines once again as she reportedly won a case against the music label HYBE. Min Hee Jin, the current CEO of newly formed agency Ooak Records, reportedly won her first trial in her lawsuit against HYBE over shareholder agreements and put option stock payments.<h2>More details about Min Hee Jin winning lawsuit against HYBE</h2>As per the report of The Chosun Daily, the Seoul Central District Court Civil Division on February 12 ordered in the stock sale proceeds claim lawsuit filed by Min's side against HYBE, "HYBE must pay approximately 22.5 billion Korean won to Min and 1.7 billion and 1.4 billion Korean won, respectively, to former ADOR directors, which totals up to 25.6 billion won. Reportedly, the court dismissed HYBE's lawsuit against Min seeking confirmation of the shareholder agreement termination.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/after-newjeans-former-ador-ceo-min-hee-jin-too-form-a-new-idol-group-here-s-the-truth-1764833735672">After NewJeans, former ADOR CEO Min Hee Jin to form a new idol group? Here's the truth</a>&nbsp;Post winning the lawsuit, in the same report, Min Hee Jin stated, "I hope this decision becomes a turning point for self-correction and improvement in the K-pop industry. It should remind us how serious contracts and promises are in this industry and whether they adequately represent creators’ perspectives. I also want to offer comfort and encouragement to those silently fighting against various injustices."&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/former-ador-ceo-min-hee-jin-s-agency-signals-official-launch-hints-at-new-boy-group-1770289461130">Former ADOR CEO Min Hee Jin’s new agency signals official launch, hints at new boy group</a>&nbsp;HYBE responded, “We are disappointed that our claims were not fully accepted. After reviewing the ruling, we will proceed with appeals and other legal steps.”&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bang-si-hyuk-case-prosecutors-probing-hybe-chairman-in-fraudulent-trading-transferred-1769957208109">Bang Si Hyuk case: Prosecutors probing HYBE chairman in fraudulent trading transferred</a><h2>All about the controversy involving Min Hee Jin and HYBE</h2>In April 2024, HYBE Corporation began an internal audit on Min Hee Jin and her executives for allegedly attempting to seize full control of ADOR and publicly called for Min's resignation as the CEO. In response to this, Min issued a public statement rebutting the allegation, claiming that it would have been impossible for her to seize control of ADOR since HYBE owns 80% of the shares.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bts-leader-rm-shares-his-thoughts-on-agency-hybe-new-album-and-more-1766397711093">BTS leader RM shares his thoughts on agency HYBE, new album and more</a>&nbsp;Min later claimed that she was asked to resign because of her complaints about the creative similarities in artistic direction between NewJeans and Illit and a girl group that had made their debut under HYBE's subsidiary label Belift Lab. The ex-CEO blamed the HYBE chairman, Bang Si Hyuk, who oversaw the production of Illit's debut, for failing to address the creative similarities between the two groups. Following the dispute, Hybe Corporation's share value fell by 12.17%.

Ex-ADOR head Min Hee Jin has reportedly won her first trial in her lawsuit against HYBE over shareholder agreements. Read to know more. 

South Korean music producer and ex-ADOR head, is grabbing headlines once again as she reportedly won a case against the music label HYBE. Min Hee Jin, the current CEO of newly formed agency Ooak Records, reportedly won her first trial in her lawsuit against HYBE over shareholder agreements and put option stock payments. More details about Min Hee Jin winning lawsuit against HYBE As per the report of The Chosun Daily, the Seoul Central District Court Civil Division on February 12 ordered in the stock sale proceeds claim lawsuit filed by Min's side against HYBE, "HYBE must pay approximately 22.5 billion Korean won to Min and 1.7 billion and 1.4 billion Korean won, respectively, to former ADOR directors, which totals up to 25.6 billion won. Reportedly, the court dismissed HYBE's lawsuit against Min seeking confirmation of the shareholder agreement termination. Also Read: After NewJeans, former ADOR CEO Min Hee Jin to form a new idol group? Here's the truth Post winning the lawsuit, in the same report, Min Hee Jin stated, "I hope this decision becomes a turning point for self-correction and improvement in the K-pop industry. It should remind us how serious contracts and promises are in this industry and whether they adequately represent creators’ perspectives. I also want to offer comfort and encouragement to those silently fighting against various injustices." Also Read: Former ADOR CEO Min Hee Jin’s new agency signals official launch, hints at new boy group HYBE responded, “We are disappointed that our claims were not fully accepted. After reviewing the ruling, we will proceed with appeals and other legal steps.” Also Read: Bang Si Hyuk case: Prosecutors probing HYBE chairman in fraudulent trading transferred All about the controversy involving Min Hee Jin and HYBE In April 2024, HYBE Corporation began an internal audit on Min Hee Jin and her executives for allegedly attempting to seize full control of ADOR and publicly called for Min's resignation as the CEO. In response to this, Min issued a public statement rebutting the allegation, claiming that it would have been impossible for her to seize control of ADOR since HYBE owns 80% of the shares. Also Read: BTS leader RM shares his thoughts on agency HYBE, new album and more Min later claimed that she was asked to resign because of her complaints about the creative similarities in artistic direction between NewJeans and Illit and a girl group that had made their debut under HYBE's subsidiary label Belift Lab. The ex-CEO blamed the HYBE chairman, Bang Si Hyuk, who oversaw the production of Illit's debut, for failing to address the creative similarities between the two groups. Following the dispute, Hybe Corporation's share value fell by 12.17%.

Ex-ADOR head Min Hee Jin has reportedly won her first trial in her lawsuit against HYBE over shareholder agreements. Read to know more.&nbsp;

HYBE vs Min Hee Jin: Ex-ADOR head wins lawsuit over termination of shareholder agreement

Bang Si-hyuk, also known as "Hitman" Bang, is a South Korean music executive, record producer, and songwriter. The trouble for the HYBE chairperson seems to be growing with each passing day over stock fraud allegations. Amidst this, a report is doing the rounds that the National Museum of Korea is facing backlash for posting a photo of director Yoo Hong-jun and Bang Si-hyuk. Now the museum has responded to it. Let's delve into it to know more details.<h2>The National Museum of Korea's response to the backlash</h2>According to reports, the National Museum of Korea posted on social media a photo of Director Yoo&nbsp;Hong-jun and Bang Si-hyuk standing side by side and smiling, along with the text, “The National Museum Foundation of Korea (NMF) signed a memorandum of understanding with HYBE to spread Korea's cultural heritage and K-culture.” The National Museum of Korea later deleted the photo after the backlash.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/hollywood/nicole-kidman-and-keith-urban-seen-separately-for-the-first-time-since-divorce-filing-1759734785738">Nicole Kidman and Keith Urban seen separately for the first time since divorce filing</a>&nbsp;<figure class="image"><img src="https://pbs.twimg.com/media/G2acPFeX0AA2qUK?format=jpg&amp;name=large" alt="Image"></figure>Also Read: <a href="https://www.wionews.com/entertainment/taylor-swift-s-first-music-video-the-fate-of-ophelia-from-the-life-of-a-showgirl-lands-with-multiple-easter-eggs-references-1759730185797">Taylor Swift’s first music video The Fate of Ophelia from new album unveiled</a>&nbsp;However, the posting of the photo was met with criticism, and one user wrote on X, “The way he's under criminal investigation and they post this...crazy work.” Another user wrote, “They should keep Bang Si-hyuk in the museum as an example of a piece of s***.” “I hope this criminal is going to be jailed while MHJ stays winning,” wrote the third user.<h2>Bang Si-hyuk's case involving stock fraud</h2>As per reports, Bang is a reported suspect on charges of violating the Capital Markets Act. Recently, the Seoul Metropolitan Police Agency's Financial Crime Investigation Unit imposed an overseas travel ban.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bigg-boss-19-amaal-mallik-s-mother-jyothi-and-brother-armaan-bat-for-the-musician-1759723979187">Bigg Boss 19: Amaal Mallik’s mother Jyothi and brother Armaan bat for musician</a>&nbsp;Reportedly, he is under suspicion that in 2019, during the process of purchasing shares from existing shareholders before HYBE's listing, he misled existing shareholders to believe the listing would be delayed, even though HYBE was proceeding with preparations for listing.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/bollywood/vampires-blood-and-dance-bollywood-horror-goes-mainstream-1759719513356">Vampires, blood and dance: Bollywood horror goes mainstream</a>&nbsp;For the unversed, he is the founder of the record label Big Hit Music and the chairperson of HYBE Corporation. One of the 50 wealthiest people in South Korea according to Forbes Asia, Bang is the only billionaire in the South Korean entertainment industry. By July 2021, his reported net worth was an estimated $3.2 billion, according to the Bloomberg Billionaires Index.

Bang Si-hyuk, who is the main person responsible for making the global sensation group BTS, seems to be in trouble. Amidst this, the National Museum of Korea is facing backlash for the photo of the HYBE chairperson being posted. 

Bang Si-hyuk, also known as "Hitman" Bang, is a South Korean music executive, record producer, and songwriter. The trouble for the HYBE chairperson seems to be growing with each passing day over stock fraud allegations. Amidst this, a report is doing the rounds that the National Museum of Korea is facing backlash for posting a photo of director Yoo Hong-jun and Bang Si-hyuk. Now the museum has responded to it. Let's delve into it to know more details. The National Museum of Korea's response to the backlash According to reports, the National Museum of Korea posted on social media a photo of Director Yoo Hong-jun and Bang Si-hyuk standing side by side and smiling, along with the text, “The National Museum Foundation of Korea (NMF) signed a memorandum of understanding with HYBE to spread Korea's cultural heritage and K-culture.” The National Museum of Korea later deleted the photo after the backlash. Also Read: Nicole Kidman and Keith Urban seen separately for the first time since divorce filing Also Read: Taylor Swift’s first music video The Fate of Ophelia from new album unveiled However, the posting of the photo was met with criticism, and one user wrote on X, “The way he's under criminal investigation and they post this...crazy work.” Another user wrote, “They should keep Bang Si-hyuk in the museum as an example of a piece of s***.” “I hope this criminal is going to be jailed while MHJ stays winning,” wrote the third user. Bang Si-hyuk's case involving stock fraud As per reports, Bang is a reported suspect on charges of violating the Capital Markets Act. Recently, the Seoul Metropolitan Police Agency's Financial Crime Investigation Unit imposed an overseas travel ban. Also Read: Bigg Boss 19: Amaal Mallik’s mother Jyothi and brother Armaan bat for musician Reportedly, he is under suspicion that in 2019, during the process of purchasing shares from existing shareholders before HYBE's listing, he misled existing shareholders to believe the listing would be delayed, even though HYBE was proceeding with preparations for listing. Also Read: Vampires, blood and dance: Bollywood horror goes mainstream For the unversed, he is the founder of the record label Big Hit Music and the chairperson of HYBE Corporation. One of the 50 wealthiest people in South Korea according to Forbes Asia, Bang is the only billionaire in the South Korean entertainment industry. By July 2021, his reported net worth was an estimated $3.2 billion, according to the Bloomberg Billionaires Index.

Bang Si-hyuk, who is the main person responsible for making the global sensation group BTS, seems to be in trouble. Amidst this, the National Museum of Korea is facing backlash for the photo of the HYBE chairperson being posted.&nbsp;

Bang Si-hyuk case: National Musuem of Korea faces backlash for posting photo of Director Yoo Hong-jun and HYBE chairperson

Global powerhouse entertainment company, which backs one of the sensational K-pop boy groups BTS, has officially launched its subsidiary in India. This will be the fifth time the company has established overseas. The opening has definitely brought excitement amongst the fans.<h2>Where did HYBE open its subsidiary in India?</h2>As per a report of Chosun, HYBE announced on September 23 that it has established a local subsidiary, HYBE India, in Mumbai this month. This will be the fifth time after HYBE Japan, HYBE America, HYBE Latin America, and HYBE China.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/hollywood/jimmy-kimmel-suspension-meryl-streep-tom-hanks-and-other-400-celebs-sign-aclu-letter-to-defend-free-of-speech-1758593401163">Jimmy Kimmel suspension: Meryl Streep, Tom Hanks and other 400 celebs sign ACLU letter to defend free of speech</a>&nbsp;Reportedly, HYBE stated, "Mumbai, India, is a cultural and entertainment hub that concentrates the Bollywood film industry, modern art, and various performing arts. The establishment of the Indian subsidiary is part of our multi-home, multi-genre strategy, which aims to lead local markets by developing businesses tailored to each region's culture and characteristics". HYBE India's mission is "WHERE VOICES OF INDIA BECOME GLOBAL STORIES."&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/hollywood/will-jimmy-kimmel-live-return-back-to-abc-sinclair-broadcast-group-hits-back-with-response-1758590387708">Will Jimmy Kimmel Live return to ABC? Sinclair hits back with response</a><h2>All about HYBE</h2>Operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk as Big Hit Entertainment Co., Ltd.&nbsp;Also Read: &nbsp;<a href="https://www.wionews.com/entertainment/bollywood/akshay-kumar-credits-this-famous-actor-for-his-marriage-with-twinkle-khanna-1758541708048">Akshay Kumar credits THIS famous actor for his marriage with Twinkle Khanna</a>&nbsp;Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe in March 2021. The company relocated to its new headquarters in the Yongsan Trade Center in Yongsan District on March 22, 2021, and the rebrand went into effect on March 31.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/yu-menglong-death-fans-of-chinese-actor-allege-abuse-demand-investigation-1758532724267">Yu Menglong death: Fans of Chinese actor allege abuse, demand investigation</a>&nbsp;Hybe consists of three pillars: Music, Platform, and tech-driven future growth initiatives. Under each division are wholly or partially owned subsidiaries of its parent corporation. It has multiple subsidiaries, including Big Hit Music, Belift Lab, Source Music, Pledis Entertainment, KOZ Entertainment, and ADOR, collectively known as Hybe Labels.

Global entertainment company HYBE, which backs renowned K-pop boy group BTS, has officially launched its subsidiary in India. Other groups backed by the company include TXT and Cortis, among others. 

Global powerhouse entertainment company, which backs one of the sensational K-pop boy groups BTS, has officially launched its subsidiary in India. This will be the fifth time the company has established overseas. The opening has definitely brought excitement amongst the fans. Where did HYBE open its subsidiary in India? As per a report of Chosun, HYBE announced on September 23 that it has established a local subsidiary, HYBE India, in Mumbai this month. This will be the fifth time after HYBE Japan, HYBE America, HYBE Latin America, and HYBE China. Also Read: Jimmy Kimmel suspension: Meryl Streep, Tom Hanks and other 400 celebs sign ACLU letter to defend free of speech Reportedly, HYBE stated, "Mumbai, India, is a cultural and entertainment hub that concentrates the Bollywood film industry, modern art, and various performing arts. The establishment of the Indian subsidiary is part of our multi-home, multi-genre strategy, which aims to lead local markets by developing businesses tailored to each region's culture and characteristics". HYBE India's mission is "WHERE VOICES OF INDIA BECOME GLOBAL STORIES." Also Read: Will Jimmy Kimmel Live return to ABC? Sinclair hits back with response All about HYBE Operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk as Big Hit Entertainment Co., Ltd. Also Read: Akshay Kumar credits THIS famous actor for his marriage with Twinkle Khanna Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe in March 2021. The company relocated to its new headquarters in the Yongsan Trade Center in Yongsan District on March 22, 2021, and the rebrand went into effect on March 31. Also Read: Yu Menglong death: Fans of Chinese actor allege abuse, demand investigation Hybe consists of three pillars: Music, Platform, and tech-driven future growth initiatives. Under each division are wholly or partially owned subsidiaries of its parent corporation. It has multiple subsidiaries, including Big Hit Music, Belift Lab, Source Music, Pledis Entertainment, KOZ Entertainment, and ADOR, collectively known as Hybe Labels.

Global entertainment company HYBE, which backs renowned K-pop boy group BTS, has officially launched its subsidiary in India. Other groups backed by the company include TXT and Cortis, among others.&nbsp;

HYBE officially launches its Indian subsidiary, aims to lead path for Indian music on global level

South Korean multinational entertainment company is grabbing headlines for all the wrong reasons. The company has landed in legal soup after they have allegedly been accused of illegal financial activities. There are reports that after the authorities have begun initiating a probe, an executive from ADOR has resigned, which has raised eyebrows.&nbsp;What is the connection between ADOR executive and HYBE?&nbsp;Under HYBE, the executive from ADOR is an internal director named Lee Kyun Joon, who was also the former Chief Financial Officer of HYBE, has resigned. His abrupt exit from the company has raised suspicion. For the unversed, ADOR is home to the girl group NJZ (NewJeans).&nbsp;Also read: <a href="https://www.wionews.com/entertainment/hollywood/meet-the-parents-4-ariane-grande-joins-the-cast-of-ben-stiller-and-robert-de-niro-s-new-sequel-1748681529520">Meet the Parents 4: Ariane Grande joins the cast of Ben Stiller and Robert De Niro's new sequel</a>&nbsp;Moreover, HYBE downplaying Lee's role in all of this is also being seen by netizens as an attempt at damage control. His resignation comes amid a probe of HYBE's illegal financial activities.&nbsp;Also read: <a href="https://www.wionews.com/entertainment/hollywood/james-gunn-s-superman-projected-to-have-a-stronger-opening-than-man-of-steel-1748664006996">James Gunn's Superman projected to have a stronger opening than Man of Steel</a>&nbsp;<h2>All about HYBE's alleged stock fraud</h2>According to several South Korean media outlets, police have submitted a request for a search and seizure warrant in their investigation of HYBE chairman Bang Si-hyuk over allegations of fraudulent stock transactions involving $295 million approximately.&nbsp;Also read: <a href="https://www.wionews.com/entertainment/hollywood/dept-q-netflix-s-show-disappears-from-streaming-platform-just-a-day-after-its-release-1748617107015">Dept Q: Netflix's show disappears from streaming platform just a day after its release</a>&nbsp;The Seoul Metropolitan Police Agency's financial crimes unit filed the request with the Seoul Southern District Prosecutors' Office. The authorities are seeking to obtain documents from the Korea Exchange, Financial Supervisory Service, and securities firms to trace financial transactions.&nbsp;Also read: <a href="https://www.wionews.com/entertainment/hollywood/taylor-swift-forever-grateful-as-she-buys-back-rights-of-master-recordings-of-her-first-6-albums-you-belong-with-me-1748625106501">Taylor Swift 'forever grateful' as she buys back rights of master recordings of her first 6 albums: You belong with me...'</a>&nbsp;For the unversed, BTS is expected to reunite in June 2025, after all members will complete their mandatory military service. BTS, also known as Bangtan Boys, the South Korean boy band consists of Jin, Suga, J-Hope, RM, Jimin, V, and Jungkook. The group which was formed in 2013 has given several hits including Butter, Dope, Blood Sweat and Tears, Fire, Dynamite, Fake Love, Run BTS, and Spring Day among others.

HYBE is under fire for alleged stock fraud. Suspicions have grown after a former executive who has worked in ADOR has resigned after the authorities have initiated a probe over illegal financial activities.

South Korean multinational entertainment company is grabbing headlines for all the wrong reasons. The company has landed in legal soup after they have allegedly been accused of illegal financial activities. There are reports that after the authorities have begun initiating a probe, an executive from ADOR has resigned, which has raised eyebrows. What is the connection between ADOR executive and HYBE? Under HYBE, the executive from ADOR is an internal director named Lee Kyun Joon, who was also the former Chief Financial Officer of HYBE, has resigned. His abrupt exit from the company has raised suspicion. For the unversed, ADOR is home to the girl group NJZ (NewJeans). Also read: Meet the Parents 4: Ariane Grande joins the cast of Ben Stiller and Robert De Niro's new sequel Moreover, HYBE downplaying Lee's role in all of this is also being seen by netizens as an attempt at damage control. His resignation comes amid a probe of HYBE's illegal financial activities. Also read: James Gunn's Superman projected to have a stronger opening than Man of Steel All about HYBE's alleged stock fraud According to several South Korean media outlets, police have submitted a request for a search and seizure warrant in their investigation of HYBE chairman Bang Si-hyuk over allegations of fraudulent stock transactions involving $295 million approximately. Also read: Dept Q: Netflix's show disappears from streaming platform just a day after its release The Seoul Metropolitan Police Agency's financial crimes unit filed the request with the Seoul Southern District Prosecutors' Office. The authorities are seeking to obtain documents from the Korea Exchange, Financial Supervisory Service, and securities firms to trace financial transactions. Also read: Taylor Swift 'forever grateful' as she buys back rights of master recordings of her first 6 albums: You belong with me...' For the unversed, BTS is expected to reunite in June 2025, after all members will complete their mandatory military service. BTS, also known as Bangtan Boys, the South Korean boy band consists of Jin, Suga, J-Hope, RM, Jimin, V, and Jungkook. The group which was formed in 2013 has given several hits including Butter, Dope, Blood Sweat and Tears, Fire, Dynamite, Fake Love, Run BTS, and Spring Day among others.

HYBE is under fire for alleged stock fraud. Suspicions have grown after a former executive who has worked in ADOR has resigned after the authorities have initiated a probe over illegal financial activities.

HYBE insider trading scandal: ADOR Executive resigns after authorities initiate probe over illicit profits

Three employees at affiliates of HYBE, the agency behind K-pop megastars BTS, have been charged without detention for alleged insider trading. Watch in for more details!

BTS agency employees charged for insider trading

Hybe Corp., South Korea's premier music label, is expanding its global footprint by entering the Latin music market. The company, which is behind the sensational K-pop group BTS, announced on Monday that it has acquired the music label of Exile Content, a Spanish-language media company, Reuters reported. The acquisition includes Exile Music, which marks a significant step for Hybe into the Latin American music scene. &nbsp;

Hybe is also in the process of establishing a dedicated unit for artist management and talent discovery in the region. This move has the potential to bring the K-pop business methodology to the Latin genre in the long run.&nbsp;Hybe's representative has opted not to disclose the financial specifics of their recent acquisition, a move widely praised as groundbreaking.&nbsp;

Hybe is targeting the growing Latin music market, which is estimated to be worth around $1.3 billion. The company reported a year-on-year growth of 26.4 per cent in 2022, significantly higher than the global music market's 9 per cent growth.&nbsp;

It is noteworthy that Hybe, a Korean entertainment company, has launched a new initiative at a time when its most popular K-pop group, BTS, is on a temporary hiatus due to mandatory military service obligations in South Korea. Despite BTS's absence, industry analysts report a general increase in the sales of K-Pop artists in 2023 compared to the previous year. &nbsp;

This significant growth is attributed to the expanding international fan base, with more K-pop bands gaining recognition on a global scale.&nbsp;

This acquisition will mark the company's expansion into the Latin American market, which is known for its rich musical heritage. The establishment of a dedicated unit for artist management and talent discovery is aimed at leveraging Hybe's experience and success in the competitive world of K-Pop. &nbsp;

While the company is considering introducing the K-Pop business methodology, characterised by rigorous and lengthy artist training and development, to the Latin music genre, it remains to be seen how this approach will align with the unique characteristics of Latin music.&nbsp;

After the recent acquisition, analysts predict a potential synergy between the K-pop formula and the Latin music scene. Hybe's foray into Latin America marks a substantial strategic move with the capacity to reshape the dynamics of the global music industry and promote cultural interchange. As the company enters the Latin market, it will encounter both opportunities and challenges, and observers will be keen to see if it can duplicate the remarkable success it attained with BTS in the Latin music sphere.&nbsp;

(With inputs from Reuters)&nbsp;

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Hybe Corp., South Korea's premier music label, is expanding its global footprint by entering the Latin music market. The company, which is behind the sensational K-pop group BTS, announced on Monday that it has acquired the music label of Exile Content, a Spanish-language media company, Reuters reported.

Hybe Corp., South Korea's premier music label, is expanding its global footprint by entering the Latin music market. The company, which is behind the sensational K-pop group BTS, announced on Monday that it has acquired the music label of Exile Content, a Spanish-language media company, Reuters reported. The acquisition includes Exile Music, which marks a significant step for Hybe into the Latin American music scene. Hybe is also in the process of establishing a dedicated unit for artist management and talent discovery in the region. This move has the potential to bring the K-pop business methodology to the Latin genre in the long run. Hybe's representative has opted not to disclose the financial specifics of their recent acquisition, a move widely praised as groundbreaking. Hybe is targeting the growing Latin music market, which is estimated to be worth around $1.3 billion. The company reported a year-on-year growth of 26.4 per cent in 2022, significantly higher than the global music market's 9 per cent growth. It is noteworthy that Hybe, a Korean entertainment company, has launched a new initiative at a time when its most popular K-pop group, BTS, is on a temporary hiatus due to mandatory military service obligations in South Korea. Despite BTS's absence, industry analysts report a general increase in the sales of K-Pop artists in 2023 compared to the previous year. This significant growth is attributed to the expanding international fan base, with more K-pop bands gaining recognition on a global scale. This acquisition will mark the company's expansion into the Latin American market, which is known for its rich musical heritage. The establishment of a dedicated unit for artist management and talent discovery is aimed at leveraging Hybe's experience and success in the competitive world of K-Pop. While the company is considering introducing the K-Pop business methodology, characterised by rigorous and lengthy artist training and development, to the Latin music genre, it remains to be seen how this approach will align with the unique characteristics of Latin music. After the recent acquisition, analysts predict a potential synergy between the K-pop formula and the Latin music scene. Hybe's foray into Latin America marks a substantial strategic move with the capacity to reshape the dynamics of the global music industry and promote cultural interchange. As the company enters the Latin market, it will encounter both opportunities and challenges, and observers will be keen to see if it can duplicate the remarkable success it attained with BTS in the Latin music sphere. (With inputs from Reuters) WATCH WION LIVE HERE

BTS's parent company acquires Exile Content, expands into Latin music market

South Korea`s HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for K-pop supergroup BTS, is to acquire music executive Scooter Braun`s Ithaca Holdings in a $1.05 billion deal. 
 
The merger brings together BTS, Justin Bieber, Ariana Grande and other artists under one roof for management, label services and publishing. 
Ithaca Holdings CEO Scooter Braun will join the board of HYBE and&nbsp;Scott Borchetta&nbsp;will remain CEO of Big Machine Label Group, HYBE said in a statement on Friday. 
 
HYBE said in a separate regulatory filing that its unit Big Hit America will pay 1.19 trillion won ($1.05 billion) for the merger, including cash payments to existing shareholders and creditors of Ithaca Holdings LLC. 
 
In a second filing, HYBE said it would issue new shares worth 182 billion won to be allocated to Braun, Borchetta, Grande, Bieber and others. 
Artists of both companies will participate in HYBE`s capital increase, to further strengthen the ties between the two companies, HYBE said in its statement. 
 
As part of the transaction, Carlyle Group Inc will sell its significant minority stake in Ithaca Holdings, after initially investing in the company in 2017, the statement said.

South Korea`s HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for K-pop supergroup BTS, is to acquire music executive Scooter Braun`s Ithaca Holdings in a $1.

South Korea`s HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for K-pop supergroup BTS, is to acquire music executive Scooter Braun`s Ithaca Holdings in a $1.05 billion deal. The merger brings together BTS, Justin Bieber, Ariana Grande and other artists under one roof for management, label services and publishing. Ithaca Holdings CEO Scooter Braun will join the board of HYBE and Scott Borchetta will remain CEO of Big Machine Label Group, HYBE said in a statement on Friday. HYBE said in a separate regulatory filing that its unit Big Hit America will pay 1.19 trillion won ($1.05 billion) for the merger, including cash payments to existing shareholders and creditors of Ithaca Holdings LLC. In a second filing, HYBE said it would issue new shares worth 182 billion won to be allocated to Braun, Borchetta, Grande, Bieber and others. Artists of both companies will participate in HYBE`s capital increase, to further strengthen the ties between the two companies, HYBE said in its statement. As part of the transaction, Carlyle Group Inc will sell its significant minority stake in Ithaca Holdings, after initially investing in the company in 2017, the statement said.

BTS manager HYBE acquires Scooter Braun's Ithaca Holdings for $1.05 billion

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BTS's parent company acquires Exile Content, expands into Latin music market

BTS manager HYBE acquires Scooter Braun's Ithaca Holdings for $1.05 billion