What’s next for NewJeans after their departure from ADOR? From new labels to going independent, here are some possible theories we explored.

On, K-pop sensation NewJeans held an emergency press conference to announce their decision to terminate their contracts with HYBE subsidiary ADOR. The shocking announcement has sent ripples… The post NewJeans Exits HYBE’s ADOR: Here’s What Fans Need to Know appeared first on Where Is The Buzz | Breaking News,

NewJeans also revealed that they want to continue working with Min Hee-jin, the former ADOR CEO and the group’s creative director. Min was removed from her position at the label after HYBE accused her of attempting to gain control of ADOR from its parent company by selling company shares and leaking confidential information.

Following their contract termination with ADOR, NewJeans will be supported by their parents for future decisions.

Ador, the management agency of NewJeans, has rejected the group’s abrupt announcement of contract termination, asserting that their exclusive agreement remains valid until July 31, 2029. The K-pop label’s response came after NewJeans held a press conference Thursday to reveal their decision,

The sudden exit of K-pop group NewJeans from ADOR has caused HYBE's market value to drop by over $423 million, according to CNBC.

After NewJeans announced contract termination with ADOR, a big financial blow hits HYBE, amounting to almost half a billion dollars.