알파경제 - Hybe′s stock price, embroiled in conflict with Min Hee-jin, CEO of ADOR, moved by nearly 7%.

(Photo= Yonhap news)

[Alpha Biz= Reporter Kim Minyoung] On the 31st, Hybe's stock price, embroiled in conflict with Min Hee-jin, CEO of ADOR, moved by nearly 7%.

According to MarketPoint, Hybe (352820) closed at 200,000 won, down 1.96% from the previous trading day.

Following a court's injunction against exercising voting rights for Min's dismissal, an extraordinary shareholders' meeting, and Min's press conference the previous day, Hybe's stock price moved by nearly 7% on this day.

Hybe dismissed two directors from Min's side at the extraordinary shareholders' meeting, and amidst Min holding another press conference, indicating a conflict, the stock price dropped to 193,000 won during trading hours.

However, when Min expressed a desire for reconciliation during the press conference, stating, "I want to continue with the one-year plan with NewJeans and end it like a grown-up and move on to another chapter," the stock price turned around, rising to 207,000 won.

알파경제 Kim Minyoung (kimmy@alphabiz.co.kr)