K-pop record label sees valuation drop by $420 million on NewJeans exit - MarketWatch
1. Hybe's market cap fell $420 million due to NewJeans' contract dispute. 2. NewJeans announced plans to split from Ador over mistreatment allegations. 3. Hanni testified about workplace bullying at a government hearing. 4. Dispute involves power struggle between Hybe and producer Min Hee-jin. 5. Hybe claims NewJeans' contract remains valid despite their allegations.