▲This photo shows, a sign of HYBE (Yonhap)

 

 

SEOUL, July 22 (Yonhap) -- The subsidiary label of HYBE, ADOR’s reveal of brand new K-pop girl group NewJeans led the steep increase in the stock market on Friday.

The stock market closed with a single stock of HYBE being at 167 thousand won which is 6.37 percent increase compare to the price on Thursday.

It is the highest price in over a month since after superstar BTS announced to focus on their individual activities on June 14. Before the announcement a single stock of HYBE traded for 193 thousand won. Throughout the market on Friday, the price has gone up to 170 thousand won at one point.

Foreigners and institutions each bout out 5.2 billion won and 3.1 billion won worth of the stocks.

Label ADOR, revealed a brand new K-pop girl group NewJeans through their official Web page and YouTube channel along with the music video of NewJeans' title track “Attention.”

Current representative director of HYBE’s subsidiary label ADOR Min Hee-jin, known for her work for branding Girls Generation, SHINEE, EXO and more at SM Entertainment put together the K-pop girl group NewJeans.

(This article is translated from Korean to English by Joonha Yoo.)

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