The core figures behind HYBE’s recent turbulence—Bang Si-hyuk, Min Hee-jin, and NewJeans remain entangled in controversy, legal battles, and reputational challenges, reflecting deeper fractures within the entertainment giant.
Min Hee-jin Cleared by Police
On July 15, the Seoul Yongsan Police announced a non-prosecution decision on Min Hee-jin, the former CEO of ADOR, rejecting HYBE’s accusations of breach of trust. After over a year of investigation, the police found “no criminal evidence” supporting the allegations filed in April 2024.
Min Hee-jin’s legal representatives confirmed that both cases brought by HYBE were dismissed, denying any wrongdoing. HYBE responded swiftly by filing an objection with the prosecution, ensuring that the legal dispute remains active.
Bang Si-hyuk Faces Regulatory Probe
Meanwhile, HYBE chairman Bang Si-hyuk is under investigation by South Korea’s Financial Supervisory Service. Authorities suspect illegal profit-sharing arrangements tied to HYBE’s 2020 IPO via a private equity fund connected to his acquaintance.
The Securities and Futures Commission is set to finalize disciplinary measures in its July 16 session. Bang Si-hyuk reportedly declined the opportunity to provide verbal clarification, indicating a preference to address the issue during the prosecutorial phase.
NewJeans Halts Activities
The controversy has also affected NewJeans, HYBE’s star girl group under ADOR. With internal conflicts escalating, the group ended its role as Incheon Airport Customs ambassador—a symbolic indication of its paused public engagements.
The decision followed joint discussions between customs authorities and ADOR, citing the group’s inability to continue regular team promotions.
HYBE’s once-pristine image now faces significant turbulence: legal dismissal for Min Hee-jin, financial scrutiny against Bang Si-hyuk, and halted group activities for NewJeans. As legal reviews continue and public scrutiny mounts, the future of Korea’s top entertainment label hangs in balance.