Australia issues ‘world’s leading’ ban on children’s social networks

Shares of Hybe, South Korea’s leading K-pop entertainment company, fell nearly 5% on Friday morning as popular idol group NewJeans planned to part ways with the music powerhouse in a possible move. cause legal disputes.

The band said on Thursday night that it would terminate its exclusive contract with Ador, a Hybe affiliate, due to the management company’s alleged breach of contract. The contract is said to last until 2029.

The decision was made later The dispute lasted for many months between Min Hee-jin, the idol group’s producer and former CEO of Ador, and Hybe, who accused Min of trying to gain control of the label.

Min has denied the allegations and Ador said there was no breach of contract.