Music Business News: South Korea

HYBE CEO addresses NewJeans ultimatum after shareholders meeting

HYBE recently spent USD $25 million to acquire a 51% stake in an unknown company.

HYBE has filed defamation lawsuits against seven YouTube channels that it says have damaged the company's and artists' reputations.

HYBE founder Bang Si-hyuk remains the largest shareholder, but Scooter Braun and BTS own a significant chunk as well

HYBE offered Min the role of NewJeans producer for the two-month remainder of her contract

Virtual artists are taking off in popularity, particularly in the South Korean market

South Korean law requires streaming services to refund the unused portion of a subscription fee that is cancelled mid-billing cycle

HYBE suspects Min Hee-jin of attempting to seize control of subsidiary label ADOR.