{theqoo} HYBE's stock price falls after backlash fom BELIFT LAB counter video... "Super embarrassment".

Source:“Super embarrassment”… Belift Lab's HYBE stock price falls due to backlash from video refuting allegations of plagiarism

"Super Embarrassment" 'BELIFT LAB Plagiarism' Counter-Video Causes HYBE's Stock to Fall

TopStar News, 2024.06.12 08:50

[Summary via chat]

HYBE's subsidiary label, BELIFT LAB, released a video refuting the similarities between their group, ILLIT, and NewJeans. As a result, HYBE's stock price dropped.

On the 10th, the video was released. The following day, on the 11th, HYBE's stock closed at 198,000 won, down 2.22% from the previous trading day. BELIFT also declared legal action against those implicated in the allegations. Furthermore, there's a notion that their response may be perceived negatively, particularly in light of Min Hee-jin, CEO of ADOR, proposing reconciliation during a press conference following her avoidance of dismissal through a provisional injunction.

Agency Posts Rebuttal Video Against ILLIT Plagiarism Allegations, Real-Time "Super Embarrassment"

Editor Jun Seung-hee's Story

The counter-video against the ILLIT plagiarism allegations was uploaded on the BELIFT LAB Announcement YouTube channel. 

"The agency is the biggest anti-fan."

 Original post here.

Comments have no ratings.

- "Super Embarrassing~"

- "The company is full of haters, lol"

- "Isn't it a big loss to have a 2.2% drop followed by only a 0.5% rise? 😂"

- "Picking on other popular idols won't get them anywhere LOL. It's time they focus on their own artist image instead."

- "Oh... If the people at HYBE aren't well-liked and HYBE's reputation is already tarnished, it's really sad for the ILLIT members. They're still very young..."

- "Seriously, who causes the most trouble for their signed artists? 😂"

- "There was a minor rise today, but could it be attributed to the news of BTS Jin's discharge from the military, which has been widely covered in the news?"

- "It's a shame how they handled it here. If they had approached it differently, perhaps by making a bold change in concept and vibe for their next album, they might have gained more fans, even if it took time."