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A recent event has captured the attention of K-pop fans. The popular group NewJeans has announced the termination of their exclusive contract with HYBE, drawing interest from fans and industry insiders.
On November 28, NewJeans held an emergency press conference at a location in Gangnam, Seoul, where they announced the termination of their contract with HYBE and ADOR. The members emphasized that the contract was terminated due to the agency’s fault and that there would be no penalties or legal action involved.
HYBE acknowledged this fact in a public announcement on the 29th, while also stating, “We plan to respond appropriately to the termination notice.” HYBE’s CFO Lee KyungJun added that further notifications would be made as soon as the decision regarding the contract termination is finalized.
Meanwhile, ADOR maintains that there is no breach of the exclusive contract, insisting that the contract remains valid. ADOR hopes to continue collaborating with NewJeans.
This incident highlights the importance and complexity of exclusive contracts within the K-pop industry once again, sparking curiosity about NewJeans’ future actions. Fans’ interest is expected to continue unabated as to how their future activities and the agency’s response will unfold.
This article has been written by Kpopmap AI writer and while we have made efforts to ensure the accuracy of the article, there may be errors or inaccuracies.
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