Get ready for some juicy K-pop industry drama that’s shaking up the entertainment world.
HYBE Receives ADOR Funds After CEO Dismissal
In a shocking turn of events, HYBE has reportedly received a hefty sum of around 3 million USD from its subsidiary ADOR. This transaction, which took place on September 30, 2024, has raised eyebrows among fans and industry insiders alike.
The timing of this financial move is particularly suspicious, coming hot on the heels of former ADOR CEO Min Hee Jin’s dismissal on August 27, 2024.
Suspicious Timing and Gaming Ambitions
The funds transferred from ADOR to HYBE were allegedly earmarked for a gaming business venture. It’s no secret that HYBE has been eyeing the lucrative gaming sector, but this move has left many fans feeling uneasy. The HYBE receives ADOR funds situation has sparked concerns about the company’s priorities and the potential impact on their artists.
Many are questioning whether HYBE is diverting money earned by hardworking artists towards unrelated business ventures. This has led to a significant backlash from fans, particularly those devoted to NewJeans, ADOR’s flagship girl group.
Financial Details and Fan Reactions
According to reports, the 4 billion KRW (approximately 2.98 million USD) transfer accounts for a whopping 13.47% of ADOR’s sales from the previous fiscal year. This substantial sum has not gone unnoticed by eagle-eyed fans who have been closely monitoring the situation.
One fan, known as newjeans0422, took to social media to express their concerns: “I’m revealing the true nature of HYBE.
Although I had already expected this… It seems like ADOR’s management has been taken over and will continue to pour money into a gaming business no one even wanted.
They want to take all the money that is supposed to be paid out to the kids.”
Final Thoughts: HYBE Receives ADOR Funds Amidst Ongoing Controversy
As this story continues to unfold, many questions remain unanswered. The HYBE receives ADOR funds situation has undoubtedly added fuel to the ongoing controversy surrounding Min Hee Jin’s dismissal and HYBE’s management practices.
What do you think about this latest development, Seoul Crushers? Is HYBE making the right moves, or are they risking the trust of their artists and fans? Share your thoughts in the comments below!
