Hybe Corporation

HYBE, which manages groups like BTS, TXT, Seventeen, NewJeans, LE SSERAFIM, Enhypen and ILLIT, is expected to become a conglomerate.

HYBE decided to withdraw from the ‘SM acquisition battle’ and agree on a platform collaboration with Kakao.

It is rumored that HYBE and Kakao have reached an agreement over the acquisition of SM Entertainment stakes.

HYBE recorded its biggest sales in the third quarter ever. However, it is predicted that profits will deteriorate next year…