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BTS’s parent company, HYBE, has been at odds with one of its subsidiaries, ADOR, for months now. The dispute became public on April 22 when HYBE audited its subsidiary over suspicions that CEO Min Hee-jin was planning a hostile takeover. ADOR denied these allegations and attributed the issue to Min’s concerns that HYBE’s ILLIT, a girl group signed to Belift Lab, had copied NewJeans’ style and elements.
But all of this has been put on the back burner now as the eldest of the K-pop boy band BTS member, Kim Seok-jin, a.k.a Jin, was discharged from his mandatory military service on June 12. Just two days prior to his discharge, HYBE’s stock value saw an increase of 2.79% after a month-long downfall ever since the news of its feud with ADOR hit the headlines.
📊 HYBE stocks SKYROCKETS with a 2.79% 🔺today following the news of Kim Seokjin of Bts getting discharged tomorrow.
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It was the BIGGEST gainer among big entertainment houses [SM , JYP , YG etc]
RETURN OF OUR PRIDE JIN
JIN JIN JIN#TheAstronautReturns_D1#JIN #진 @bts_bighit pic.twitter.com/wbrlbcmYeG— JIN UPDATES (@seokjin_updates) June 11, 2024
Meanwhile, on the day of Jin’s discharge from the military, his group members, RM, J-Hope, Jimin, Taehyung and Jungkook, greeted him with much pomp and show. Suga reportedly missed the ceremony. After receiving Jin, the six members of BTS headed to HYBE’s building. In several viral clips that were shared across various social media platforms, a sea of ARMY can be seen standing outside the agency’s building.