NewJeans’ Hanni’s previous comment about HYBE’s money-mindedness reemerge amid Bang Si Hyuk’s 400 billion KRW fraud case

HYBE chairman Bang Si Hyuk is for the time being underneath intense scrutiny attributable to allegedly misinforming investors about HYBE’s IPO plans and making profits of round 400 million KRW through unfair system. Currently, HYBE is underneath investigation and public thought is essentially against them. Amid the controversy, Hanni’s outdated comment concerning the firm’s greed and absence of inventive integrity received renewed attention.

Hanni’s comment about HYBE and ADOR deciding on profit over their artists

NewJeans publicly declared their nick up from ADOR in a press conference in November 2024. Speaking about the explanation for such a nice resolution, Hanni accused ADOR of forsaking its inventive values for business construct. She articulated the girl community’s collective suggestions concerning the entertainment label no longer having any integrity and genuineness, as they did no longer care about the NewJeans individuals’ properly-being anymore. As per her, the label’s actions had been disrespectful in the direction of the craft they signify and owe their dedication to.

She called the HYBE-owned ADOR “a firm that now no longer has any sincerity in the art work of tune, a firm that completely has suggestions about being profitable, and would no longer maintain any judgment of appropriate and unsuitable about the damaging function they develop through their non-professional system.”

Overview out fan reactions to the resurfaced incident

Nearly all of fans gave the impression to be of the same thought as Hanni. NewJeans’ devoted supporters, who stood firmly by the community in the path of the unheard of public scrutiny surrounding the ADOR war, also rallied in the attend of Hanni’s resurfaced comment. They highlighted how Hanni was once beforehand criticized and labeled “ungrateful” for talking out against her company, but in gentle of the most recent Bang Si Hyuk inventory fraud allegations, her phrases gave the impression to maintain been vindicated.

Currently, Bang Si Hyuk’s case is being investigated for doable violations of the Capital Markets Act and unfair buying and selling practices related to HYBE’s 2020 IPO. If chanced on responsible, he might face severe penalties, alongside with existence imprisonment or on the least five years in jail, underneath Article 443 of the Capital Markets Act.

In gentle of the self-discipline, feedback indulge in “Time cleared NJZ (NewJeans’ contemporary moniker)” and “Bang PD has carried out all the pieces doable to abolish its (HYBE’s) values” flooded social media. Some even bashed the company’s supporters, calling them “clowns,” whereas others expressed their fervent anticipation of the quintet to position an discontinue to their hiatus and return attend to the Okay-pop scene.