HYBE’s stock slightly dropped amidst ADOR management rights controversy

On April 23 KST it was reported that HYBE was trading at 213,500 won, marking a slight decrease of 3,500 won (1.67%) from the previous day.

The stock price of HYBE experienced a significant 7.8% plunge on April 22 KST following revelations of an internal audit against its subsidiary, ADOR.

Despite this, by April 23, it had closed at 210,000 won, down 1.2%, with market capitalization diminishing by KRW 853.8 billion over two days.

While internal strife has affected HYBE, the activities and comebacks of its artists continue unhindered, hinting at a swift stabilization process for the company.

Source(1)

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