As the deadline set by NewJeans members for the return of former ADOR CEO Min Hee Jin approaches (September 25), HYBE's stock price has dropped to a 52-week low as of September 23.
According to MP Doctor, at 9:13 a.m. on September 23 (Korean time), HYBE shares were trading at 158,700 won (about 118.91 USD), down 0.81% from the previous trading day.
During the trading session, the price fell to a low of 158,000 won (about $118.39), marking a new 52-week low.
On September 11, the members of NewJeans asked Min Hee Jin to return, giving a deadline of September 25.
According to Korean media, it seems that HYBE will not agree to this request, with market analysts speculating that the group may file for an injunction to suspend their exclusive contract after the deadline.
In an interview aired on Japan's WOWOW satellite TV channel, Min Hee Jin said, "I have a blueprint in mind... I envision a long-term plan for NewJeans, looking forward to the next seven years."
NewJeans is a South Korean girl group formed and managed by ADOR. The group consists of 5 members: Minji, Hanni, Danielle, Haerin, and Hyein.
The group released their debut single "Attention" on July 22, 2022, before officially debuting and releasing the extended play of the same name on August 1, 2022.
