HYBE stock recovers after conciliatory Min Hee-jin press conference
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![HYBE logo seen in its headquarters in Yongsan, central Seoul. [NEWS1]](https://img2.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202405/31/koreajoongangdaily/20240531162929407plvn.jpg)
The stock price of HYBE, the K-pop powerhouse in an ongoing management dispute, recouped early trading losses on Friday following a press conference by ADOR CEO Min Hee-jin where she switched to a conciliatory approach.
The price started at 198,100 won ($143), down 5,900 won compared to the previous day's closing but surpassing the 200,000 won level as of 2:56 p.m. —after the media conference began at 2:30 p.m.
Right after the conference, trading volume significantly increased as investors flocked to buy stocks.
The stock closed at 200,000 won, down 1.96 percent from over a day ago.
Since HYBE announced its internal audit of Min on April 22, the stock price has been on the decline.
BY PARK EUN-JEE [park.eunjee@joongang.co.kr]
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