HYBE Suffers Catastrophic Stock Price Crash

Compared to its 52-week high, HYBE’s stock price has fallen by around 60%. Koreaboo 9 minutes ago HYBE’s stock price has taken a major hit, leaving many investors frustrated and devastated. The company’s shares, which previously surpassed ₩410,000 (about $293 USD), have fallen into the ₩160,000 range (about $114 USD) as it continues to record new lows. | Yonhap The drop has also significantly impacted HYBE Chairman Bang Si Hyuk’s personal stock holdings, with more than ₩1 trillion (about $714 million USD) reportedly disappearing from his stake. According to the Korea CXO Institute, which recently analyzed the stock holdings of leaders at 46 major Korean groups, Bang Si Hyuk experienced the largest decline in the second quarter. His stock holdings reportedly decreased by ₩1.4058 trillion (about $1 billion USD) in just one quarter, making it the biggest percentage decline among those included in the survey at 35.8 percent. | HYBE Ironically, the earnings report HYBE released shortly before the stock crash was the strongest in the company’s history. — Herald Corp For the second quarter of this year, HYBE reported ₩1.45 trillion (about $1.04 billion USD) in revenue and ₩170.9 billion (...