The Ministry of Culture, Sports and Tourism will order an investigation into the alleged chart-rigging practice, known as sajaegi in Korea, of boy band BTS's agency HYBE back in 2017.
BTS fans publicly denounced HYBE amid its ongoing feud with subsidiary ADOR in full-page newspaper advertisements.
TWS, a rookie boy band under Pledis Entertainment, is set to release a new album in June,
Dahn World, the contentious meditation company that has been accused of having ties with HYBE, denied rumors of being connected to HYBE boy band BTS and of being a cult.
HYBE reported a 73 percent drop in operating profit due to BTS's hiatus and a lull in concerts and tours.
HYBE is looking for the members of their next boy band to follow BTS and Tomorrow X Together, amid the turmoil that the company is facing with its subsidiary label ADOR.
NewJeans producer Min Hee-jin demanded the right to terminate ADOR's contract with NewJeans without board approval, according to reports.
HYBE reported a lower-than-expected operating profit of 14.4 billion won ($10.43 million) for the first quarter of this year due to the hiatus of existing artists and costs related to the debut of rookie groups, the K-pop agency said on Thursday.
Seventeen’s “17 is Right Here” sold over 2.2 million copies on the first day of its release, making it the best-selling K-pop compilation album on the day of its release.
The first court hearing on opening a shareholders meeting for ADOR, the subsidiary of K-pop powerhouse HYBE and the agency of girl group NewJeans, will take place on Tuesday afternoon.
Korea JoongAng Daily Sitemap