Ministry Of Employment And Labor Responds To Petition To Revoke HYBE’s “Leading Company” Status

They are waiting for the results.

As the number of signatures on the National Assembly petition to revoke HYBE’s “leading company” status has surpassed 50,000 signatures, the Ministry of Employment and Labor responded that they will decide soon whether or not to withdraw the company.

Petition To Revoke HYBE’s “Leading Company” Status Gains Enough Signatures For National Assembly

HYBE is cooperating with the local government offices, and the results are expected to be released soon. With this, we will immediately decide whether to withdraw the ’top enterprise’ designation.

— Ministry of Employment and Labor

The petition started after HYBE’s internal documents were leaked and revealed that some HYBE employees had allegedly monitored and disparaged artists from other companies. The leaked documents fueled extreme public outrage and, hence, gathered a large number of signatures in a short time.

If HYBE’s withdrawal is confirmed, all benefits will be canceled including preferential credit ratings and interest rates for loans, and more.

Korean netizens supported the withdrawal and wanted them out ASAP.

| theqoo

• “You can’t trust the selection process either. They need to dig up everything. Withdraw them from the list and start the tax investigation.”
• “Withdraw them and do the tax investigation.”
• “Hurry up, take them out, and start on the tax investigation!”
• “Yes, withdraw them!”
• “Cancel them.”
• “Hurry and cancel them.”
• “Are you trying to buy time so you don’t have to withdraw? Hurry up, man.”