Debut of NewJeans leads 5 percent increase in stock price of HYBE

▲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 is leading the steep increase in the stock market on Friday.

Starting from 9:50 a.m. on Friday, a single stock of HYBE is being traded at 165 thousand won which is 5.10 percent increase compare to the price on Thursday.

Throughout the day, the price has once reached over 167 thousand won.

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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