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HYBE Stock Prices Plummet After New CEO Announcement

HYBE’s financial troubles seem unrelenting this year, with the company’s stock prices plunging to unprecedented lows following the new CEO announcement.

Did The New CEO Announcement Cause HYBE Stock Prices to Plummet?

Earlier this week, it was revealed that Lee Jae Sang, the current Chief Strategy Officer (CSO), will replace Park Ji Won as HYBE’s CEO. This decision was met with disapproval from fan communities, as Lee’s past controversies resurfaced almost immediately after the news broke. The stock market also reacted negatively to this sudden leadership change, with HYBE stock hitting its lowest price in 18 months on Thursday, July 25.

HYBE shares closed at ₩170,000 KRW (approximately $123 USD) on Thursday, marking the lowest point since January 2023. This decline occurred just a day after the announcement of Lee Jae Sang’s appointment as CEO. The stock had previously been recovering from a dip caused by BTS’s hiatus announcement.

Who is Lee Jae Sang?

HYBE has yet to hold its shareholder and board meetings where the final decision to appoint Lee Jae Sang as the new CEO will be made. Lee joined HYBE in 2018, back when it was still known as Big Hit Entertainment.

Following the disclosure of Lee’s appointment, numerous allegations against him began circulating on community sites. These allegations included accusations of “threatening” ADOR’s former vice president and coercing them into revealing private conversations with CEO Min Hee Jin. Additionally, Lee has faced criticism for his involvement in acquiring Ithaca Holdings while he was the CEO of HYBE America, as well as for co-establishing an NFT company aimed at creating NFTs using HYBE artists.

The acquisition of Ithaca Holdings in 2021 has been particularly contentious. HYBE America has reported significant net losses for two consecutive years following the purchase. The losses amounted to ₩70.1 billion KRW (approximately $50.8 million USD) in the first year and ₩142 billion KRW (approximately $103 million USD) in the second year. This acquisition has been viewed by many as a financial misstep, contributing to HYBE’s ongoing struggles.

HYBE America’s investment in the NFT company Levvels has also proved to be a financial burden. In 2023, the investment generated an operating loss of ₩18.0 billion KRW (approximately $13.0 million USD). The financial strain continued into the first quarter of 2024, with the company recording a loss of ₩3.50 billion KRW (approximately $2.53 million USD).

What Will Happen to HYBE?

The controversies and financial losses associated with Lee Jae Sang have understandably caused concern among investors and fans alike. His past decisions and the financial repercussions of those decisions are now being scrutinized more than ever as he steps into the role of CEO. The market’s reaction to his appointment reflects a broader uncertainty about the future direction of HYBE under his leadership.

As HYBE prepares for its upcoming shareholder and board meetings, the company faces the dual challenge of restoring investor confidence and addressing the internal and external criticisms leveled against its new CEO. The outcome of these meetings and the company’s subsequent actions will be crucial in determining whether HYBE can navigate through these turbulent times and regain its footing in the competitive entertainment industry.

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BOYNEXTDOOR Confirmed for September 2024 Comeback

BOYNEXTDOOR is reportedly gearing up for a highly anticipated September 2024 comeback! The boy group is set to release new music just five months after dropping their previous EP.

BOYNEXTDOOR Gearing up for September 2024 Comeback

On July 24, it was reported that the rookie boy group is preparing to release a new album in September, currently in the final stages of production. If this report is accurate, BOYNEXTDOOR’s return will mark their first Korean comeback in five months, following the release of their second mini-album “HOW?” in April.

The news has also generated significant excitement among fans, who have been eagerly awaiting new music from the group. “HOW?” showcased BOYNEXTDOOR’s versatile talent, blending compelling melodies with dynamic performances, and solidified their presence in the K-pop scene. The upcoming album is also highly anticipated to continue this momentum, with fans also speculating about the themes and styles that the group might explore this time around.

In addition to their Korean activities, BOYNEXTDOOR recently made a notable mark internationally with their official debut in Japan. Their first Japanese single, “AND,” achieved remarkable success by topping Oricon’s daily singles chart upon its release. This accomplishment also underscores the group’s growing influence and appeal beyond Korea, expanding their fanbase and establishing a strong presence in the Japanese music market.

As BOYNEXTDOOR prepares for their comeback, expectations are also high for new music that will showcase their growth and musical diversity. With their unique charm and dedicated fanbase, the group is also poised to make a significant impact in the coming months, continuing to captivate audiences both domestically and internationally.

BOYNEXTDOOR’s September 2024 comeback date has not yet been officially announced. Nevertheless, fans are also eagerly counting down the days until they can experience the new era of the group’s music. Stay tuned for more updates on this story.

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Lee Min Ho Returns as Hansu in New ‘Pachinko’ Season 2 Photos

Season 2 of “Pachinko” has released a tantalizing sneak peek of Lee Min Ho’s character Koh Hansu. It’s an interesting tease dropped ahead of the show’s highly anticipated return.

Lee Min Ho Looks Pensive as Hansu in New ‘Pachinko’ Season 2 Images

Based on Min Jin Lee‘s best-selling novel, “Pachinko” is a sweeping multi-generational saga that navigates themes of war and peace, love and separation, and victory and judgment, traversing Korea, Japan, and the United States. This season, the cast expands to include actor Kim Sung Kyu, joining the already star-studded lineup of Youn Yuh Jung, Lee Min Ho, and Kim Min Ha.

Lee Min Ho reprises his role as Koh Hansu, a character whose presence profoundly disrupts the life of Sunja, played by Kim Min Ha. Lee Min Ho’s portrayal of Hansu captures the transformation from a sincere young man struggling to make a living in Japan to a cold, calculating businessman, a transition that has captivated audiences worldwide. His performance in Season 1 was lauded for its depth, skillfully revealing Hansu’s complex inner world and his intricate relationship with Sunja.

What Happens in the Second Season?

‘Pachinko’ Season 2 promises to delve even deeper into Hansu’s emotional journey. As the storyline progresses to 1945, Hansu attempts to reunite with Sunja in Osaka. The narrative explores Hansu’s ongoing entanglement with Sunja and his son Noa, played by Park Jae Joon. Viewers are eager to witness how Hansu’s character evolves, particularly his emotional growth and the consequences of his past actions.

The upcoming season will consist of eight episodes, released weekly from August 23 to October 11. Each episode is expected to further unravel the rich tapestry of “Pachinko’s” narrative, offering fans a deeper understanding of its complex characters and their intertwined destinies.

The sneak peek has heightened anticipation, promising a continuation of the compelling storytelling and powerful performances that made the first season a critical success. Fans are eager to see how the show will further explore the historical and personal challenges faced by its characters, with Lee Min Ho’s Hansu at the heart of the unfolding drama.

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Kang Daniel Signs With New Company After KONNECT Departure

Kang Daniel has officially found a new agency to call home! The soloist has officially signed with a new company after leaving KONNECT Entertainment back in June.

Kang Daniel Finds New Agency After KONNECT Departure

On July 25, ARA (Artistic Round Alliance), a comprehensive entertainment company, announced that they have signed an exclusive contract with the singer. ARA was founded by a director with experience at YG Entertainment, BIGHIT MUSIC, and KONNECT Entertainment, bringing a wealth of industry knowledge and expertise to the table.

A representative for ARA expressed the company’s excitement about having Kang on board.

“We cherish every bit of support from the fans at this new starting point. We will provide full support to ensure Kang Daniel can focus on his activities and, most importantly, prioritize communication with fans above all.”

He concluded, “We ask for your warm support.”

What Happened to KONNECT Entertainment?

The move comes after Kang Daniel announced in June that he had parted ways with KONNECT Entertainment, the agency he established five years ago. During his time with the agency, Kang Daniel not only nurtured his solo career but also developed the agency’s roster.

The decision to leave the company was part of a larger shift, as other notable departures from the agency included GFriend member Yuju, who concluded her association in mid-April, and the dance team WE DEM BOYZ, who ended their contract in November 2023, just a year after signing. Additionally, singer and producer Chancellor also parted ways with KONNECT, further signaling changes within the agency.

Following his departure from KONNECT, Kang Daniel reportedly received numerous offers from major labels and leading agencies. Despite these opportunities, he chose to remain loyal to the staff he had been working with for a long time, showing his commitment and trust in his existing team. His decision to join ARA is also seen as a strategic move, aligning with a team that shares his vision and values, ensuring a supportive environment for his future projects.

Fans are also excited about this new chapter in Kang Daniel’s career, looking forward to the fresh opportunities and music that will emerge from his collaboration with ARA.

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2NE1 Announce 2024 ‘WELCOME BACK’ Concert in Seoul

YG Entertainment has officially announced 2NE1‘s highly anticipated return concert, ‘2024 2NE1 Concert [Welcome Back] in Seoul.’ The ‘WELCOME BACK’ concert is just the first of an exciting series of dates for the beloved girl group!

2NE1 Confirms First ‘WELCOME BACK’ Concert in Seoul

The concert is set to take place on October 5-6 at the Olympic Hall, Olympic Park in Seoul, with tickets going on sale starting August 5 at 8 PM KST. This event marks 2NE1’s first solo concert in Seoul in over a decade, following their ‘All or Nothing’ concert in March 2014.

The announcement has sparked immense excitement among fans, as 2NE1 has been a defining force in the K-pop industry with their bold music and distinctive style. The upcoming concert in Seoul will be a significant moment for both the group and their devoted fanbase, who have eagerly awaited their return to the stage.

2NE1 Headed for Japan in Late 2024

After the Seoul shows, 2NE1 will extend their tour to Japan, with concerts scheduled in Kobe and Tokyo in November and December. This world tour is set to continue into 2025, offering fans around the globe the chance to experience the magic of 2NE1’s live performances once again.

The concert and world tour come as part of 2NE1’s 15th anniversary celebration, marking a major milestone in their career. The reunion with YG Entertainment has fueled speculations and excitement, hinting at the group’s long-awaited comeback.

This new chapter for 2NE1 not only celebrates their past achievements but also promises new music and unforgettable performances, reaffirming their status as legends in the K-pop scene. Fans are also eagerly counting down the days to witness the return of 2NE1, ready to relive the iconic moments and create new memories with the group.

Are you ready for 2NE1’s return later this year? Sound off in the comments below.

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SEVENTEEN Announces New World Tour ‘RIGHT HERE’

SEVENTEEN is gearing up to hit the road again with an exciting new world tour! The news comes shortly after the group shared a glimpse at their upcoming concert film!

SEVENTEEN Confirmed for New World Tour

On July 24, the group officially announced their plans to embark on the “RIGHT HERE” tour later this year. The tour is set to kick off in October, starting in Korea and then extending to the United States, Japan, and other countries across Asia. This announcement has generated tremendous excitement among their global fanbase, known as CARATs, who eagerly await the chance to see SEVENTEEN perform live.

The tour news follows closely on the heels of another thrilling announcement from SEVENTEEN—a sneak peek of their upcoming feature film. The group has now released the main trailer for their concert film, “SEVENTEEN TOUR ‘FOLLOW’ AGAIN TO CINEMAS.” This film captures the electrifying energy of SEVENTEEN’s encore concert at the Seoul World Cup Stadium, showcasing their dynamic performances and the deep connection they share with their fans.

A SEVENTEEN Concert Film

The trailer opens with the SEVENTEEN members expressing their joy and disbelief at performing in Korea’s largest stadium. This momentous concert, held at the Seoul World Cup Stadium, is a testament to the group’s immense popularity and their ability to captivate massive audiences with their music and stage presence.

“SEVENTEEN TOUR ‘FOLLOW’ AGAIN TO CINEMAS” is set to premiere in Korea on August 14, with limited screenings beginning worldwide on August 21. This film offers fans a unique opportunity to relive the magic of SEVENTEEN’s concert experience, capturing the essence of their live performances and the emotional moments that make their shows unforgettable.

As SEVENTEEN prepares for the “RIGHT HERE” world tour, anticipation is also building for what promises to be a series of spectacular performances. The group’s dedication to delivering high-energy shows, combined with their genuine connection with fans, ensures that this tour will be a memorable chapter in SEVENTEEN’s ongoing journey. Fans around the world are also counting down the days until they can once again be “right here” with SEVENTEEN, experiencing the joy and excitement that only their concerts can provide.

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Lee Jung Ha and Go Youn Jung Are Best Rookie Actors at the 3rd Blue Dragon Series Awards

The 3rd Blue Dragon Series Awards celebrated outstanding talents in the television and film industry on July 19 at Paradise City, Incheon. Hosted by Jeon Hyun-moo and Yoona, the event was broadcast live on KBS2. The event hall was filled with stars, directors, writers, and other figures in the industry. During the most-awaited awards event, Lee Jung Ha and Go Youn Jung were awarded for their performances in “Moving.”

Lee Jung Ha and Go Youn Jung won Best New Actor and Best New Actress at the prestigious 3rd Blue Dragon Series Awards

Lee Jung Ha took home the Best New Actor award. In his heartfelt acceptance speech, he expressed his gratitude, saying, “Thank you for giving me a wonderful award. I want to thank director Park In-je, mom Hyo-joo, dad In-sung, my friend Heesoo, class president Do Hoon, writer Kang Pool, the ‘Moving’ family, my company, and my family for raising me as a wonderful son.” His speech drew laughter and warmth as he recreated a line from his drama, showcasing his charm and connection with his role.

@oldsoultamsy

Congratulations Lee Jungha Best New Actor #bluedragonseriesawards2024 #leejungha #bongseok #movingkdrama #koreanactor #foryou #fyp #kdramalover

♬ original sound – oldsoultamsy – oldsoultamsy

@nefretiriangeles

Best New Actress Award – MOVING GO YOUNJUNG goyounjung moving #bdsa #bluedragonseriesawards2024

♬ original sound – Nefretiri Angeles – Nefretiri Angeles

Similarly, Go Youn Jung was honored with the Best New Actress award. She reflected on her journey with the drama “Moving,” saying, “I think of ‘Moving’’s director, Kang Pool, the seniors that played my mom and dad, Bongseok, his mom and dad, and Kang Hoon, and I had a lot of fun while filming. Thank you to my family and the staff of the agency. I will do my best, thinking that it’s an award given to me to work hard. Thank you.” Her words resonated with many, highlighting her dedication and the support she received throughout her career.

Additionally, the drama “Moving” itself is the major highlight of the night, winning the Best Drama award. Its gripping storyline, exceptional direction by Kang Pool, and stellar performances by the cast captivated audiences. Furthermore, both actors’ acknowledgments emphasize their gratitude towards their colleagues, family, and mentors. The event serves as an important milestone for both Lee Jung Ha and Go Youn Jung.

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Yoo Ah In is in 7th Trial for Drug Charges

Actor Yoo Ah In, whose real name is Uhm Hong Sik, faces his seventh trial on July 24 KST for charges related to habitual drug use. This trial was followed after the revelations about improper prescription practices involving his doctor. This trial is a significant moment in the ongoing legal proceedings against the 37-year-old actor.

Yoo Ah In faces his seventh court appearance for allegations of habitual drug use

The allegations surfaced when it was revealed that Yoo Ah In’s doctor had sent sleeping pill prescriptions via quick service under his family’s name without proper consultation. During the sixth trial, Dr. Hwang admitted to issuing prescriptions for Stilnox, a zolpidem-based sleep inducer. This was around August 2021, and the name was under the actor’s father.

Dr. Hwang defended his actions, explaining that quick service deliveries were temporarily allowed during the COVID-19 pandemic. However, he failed to verify if the actor’s father was genuinely ill, which raised concerns about the legitimacy of these prescriptions.

Despite Yoo Ah In and his father not being infected with COVID-19, the prescriptions were delivered at his request. When prosecutors questioned the necessity of quick service for non-life-threatening sleeping pill prescriptions, Dr. Hwang struggled to provide a satisfactory answer. Additionally, he explained the use of sleep anesthesia for the actor’s SGB (stellate ganglion block) procedure, citing the actor’s high sensitivity to pain and fear of neck injections.

Dr. Hwang acknowledged discussing Yoo Ah In’s habitual drug use with a colleague but denied illegally prescribing narcotics. The actor is accused of using medical narcotics 181 times between September 2020 and March 2022 under the pretext of cosmetic procedures. Significant amounts of propofol, midazolam, ketamine, and remimazolam were administered during this period. Additionally, he allegedly received illegal prescriptions for over 1,100 tablets of Stilnox and Xanax under another person’s name 44 times between May 2021 and August 2023. He is also accused, along with four accomplices, of smoking marijuana in the U.S. and encouraging others to do the same.

During the second trial, Yoo Ah In admitted to some charges of using marijuana and propofol but denied instructing others to smoke marijuana, destroying evidence, and other accusations.

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Prosecutors to Seek Arrest Warrants for Gu Je Yeok and Jeon Guk Jin

Prosecutors are seeking arrest warrants for YouTubers Gu Je Yeok, legally named Lee Jun Hee, and Jeon Guk Jin on charges of extortion, blackmail, and coercion against fellow YouTuber Tzuyang. The Suwon District Prosecutors’ Office has requested these warrants from the Suwon District Court, aiming to hold both individuals accountable for their alleged roles in a scheme that has rocked the online community.

YouTubers Gu Je Yeok and Jeon Guk Jin face serious charges of extortion, blackmail, and coercion against fellow YouTuber Tzuyang

Gu Je Yeok and Jeon Guk Jin, often referred to as “cyber-wreckers” for their actions, allegedly profited by spreading damaging rumors and exploiting well-known figures online. In February 2023, Gu Je Yeok reportedly extorted 55 million KRW (approximately $39,765) from Tzuyang. In a video posted on July 15, Jeon Guk Jin admitted to receiving 3 million KRW ($2,174) from Gu Je Yeok earlier this year, further implicating himself in the extortion scheme.

The case gained public attention on July 10 when HoverLab Inc., another YouTube channel, released a recording of a phone call between the two cyber wreckers. In this recording, Gu Je Yeok mentioned signing a contract with Tzuyang, in which he agreed not to speak about her past in exchange for the money.

Following the release of this recording, Tzuyang took to a livestream to reveal the extent of the abuse she had suffered. She described how her former boyfriend physically assaulted and threatened her, using illegally filmed videos to blackmail her into compliance.

Prosecutors have moved quickly in this case, conducting search and seizure operations and questioning the suspects. The Suwon District Court will hold hearings for the YouTubers at 10:30 AM on Friday to determine whether to issue the arrest warrants.

As this case continues to unfold, Prosecutor General Lee One Seok has emphasized the importance of taking strong action against those who cause irreparable harm through false accusations, insults, and coercion in cyberspace. He urged prosecutors to proactively seek heavy sentences and ensure that victims like Tzuyang are protected from further harm.

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YouTuber Tzuyang Reveals Shocking Suicide Notes of Ex-Boyfried

YouTuber Tzuyang recently revealed the shocking contents of her late ex-boyfriend’s suicide notes, shedding light on years of abuse, extortion, and the complex legal battles that ensued. The revelations have sparked widespread discussion and controversy, especially after portions of the notes were released by JTBC on July 24th.

The popular YouTuber Tzuyang opens up about her late ex-boyfriend’s abuse, extortion, and his final words

Tzuyang’s ex-boyfriend, referred to as “Mr. A,” allegedly subjected her to four years of physical assault, extortion, and threats before his death. In his suicide notes, Mr. A denied spreading rumors about Tzuyang’s past and expressed deep frustration over the accusations. He admitted to abusing Tzuyang and extorting her income, expressing remorse for his actions and a desire to avoid further conflict.

Despite their confidentiality agreement, Mr. A’s lawyer, known as Mr. B, reportedly leaked information about Tzuyang to the YouTuber cyber wrecker Gu Je Yeok. This led her to file another complaint, believing her ex-boyfriend had breached their agreement. Mr. B, who is also accused of extorting tens of millions of KRW from the YouTuber, defended his actions, claiming they were part of a legitimate contract, although he acknowledged acting out of “drunken frustration.”

Her live broadcast added more layers to the story, as she revealed how her ex-boyfriend and agency head had subjected her to years of torment, starting with revenge porn and escalating to threats and extortion by individuals like Gu Je Yeok and Jeon Guk Jin.

The Korean Bar Association is now investigating the allegations against Mr. B, which could lead to disciplinary action. Following these revelations, Mr. B has been fired from his position as a legal journalist at a media company.

As she continues to share her painful experiences, the public response has been one of shock and concern, highlighting the severe impact of such abuses and the importance of holding those responsible accountable.

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