South Korean entertainment company Hybe has won a court battle to maintain control over K-pop group NewJeans, solidifying its management of the stars’ careers. The Seoul Central District Court ruled in Hybe’s favor on Friday, allowing the agency to remain NewJeans’ sole management entity. As a result, shares of Hybe surged 1.8% by mid-afternoon, following an initial rise of 4.4%.
Source: https://www.bloomberg.com/news/articles/2025-03-21/k-pop-stars-newjeans-lose-legal-battle-to-sever-ties-with-hybe