HYBE and ADOR conflict continues for five days, 12 trillion won of market value disappears in Korea

In the five days since the conflict between HYBE and Min Hee-jin, the CEO of ADOR, a label under HYBE, became public, HYBE's market capitalization has risen by over 1 trillion won (approximately 114 billion yen).
According to Market Point, HYBE's stock price closed at 201,500 won (approximately 22,955 yen), down 4.95% from the previous trading day.
As the conflict between HYBE and ADOR intensified following CEO Ng's press conference, the stock price fell to 199,800 won (approximately JPY 22,760), falling below the 200,000 won mark.
On the 22nd of this month, HYBE was suddenly audited for allegedly trying to poach ADOR's management rights and NewJeans members from CEO Min and ADOR's management team.
On that day alone, HYBE's stock price plummeted by 7.81%. The slight rebound in the stock price was due to HYBE announcing the results of their mid-term audit of CEO Min, and his allegations of taking control of the company.
On the 25th, four days after the audit began, HYBE announced the results of the interim audit and revealed that they would be reporting CEO Min to the investigative authorities for alleged breach of trust.
HYBE presented the conversations between CEO Min and Vice CEO ADOR on KakaoTalk as evidence of their takeover.
On the same day, CEO Min held a press conference to refute the allegations of seizing management control raised by HYBE,
The conflict intensified. CEO Min said, "I have never planned or carried out a takeover of management," and "It was not me who betrayed HYBE, it was HYBE who betrayed me." He also said, "We are a well-established affiliate company.
"HYBE is trying to remove me as the company's president and has breached their trust," he said. In the five days since the conflict between the two parties surfaced on the 22nd of this month, HYBE's market capitalization rose to 1,207,910,813,000 won.
Park Soo-young, a researcher at Hanwha Investment Securities, said, "In the worst case scenario, if NewJeans is removed from the HYBE artist lineup,
"We estimate that the impact on sales and operating profits will be under 10%," he said, adding, "Next year, the impact will not deviate significantly from the 10% line."
He said, "If Min Hee-jin, the CEO of HYBE, is removed, it will have a big impact on our track record in the short term.
"However, the performance of 'NewJeans without Min Hee-jin' will inevitably lead to greater fluctuations in stock prices."