HYBE CEO Jason Jaesang Lee just landed a KOVA vice chair seat. That move puts HYBE, the company behind BTS, into the group’s upper leadership circle. Musicow Chair Jung Hyun-kyung, LB Investment CEO Park Ki-ho, and Geumyong Machinery CEO Lee Jun-hyeok got matching posts.
LBox CEO Lee Jin and TUgether CEO Seo Jae-won became directors. KOVA expects HYBE to deepen ties between Korean content firms and venture companies. Chairman Song Byung-joon said broader industry participation should help startups form, grow, find backing, and push policy changes.
HYBE’s cited quarterly sales reached KRW 1.45 trillion, about USD $967 million, up 105.5% year over year. Annual revenue later hit KRW 2.65 trillion, roughly USD $1.86 billion, while operating profit dropped 73% as spending rose around artist launches and US restructuring.
Separate legal trouble remains unresolved. Police referred Lee, Bang Si-hyuk, Kwon Yong-sang, and two others to prosecutors over alleged unfair trading linked to HYBE’s stock listing. Investigators estimated KRW 263.1 billion, about USD $189 million, in improper gains. Prosecutors have not filed charges, and HYBE and Bang deny the claims.
LBox CEO Lee Jin and TUgether CEO Seo Jae-won became directors. KOVA expects HYBE to deepen ties between Korean content firms and venture companies. Chairman Song Byung-joon said broader industry participation should help startups form, grow, find backing, and push policy changes.
HYBE’s cited quarterly sales reached KRW 1.45 trillion, about USD $967 million, up 105.5% year over year. Annual revenue later hit KRW 2.65 trillion, roughly USD $1.86 billion, while operating profit dropped 73% as spending rose around artist launches and US restructuring.
Separate legal trouble remains unresolved. Police referred Lee, Bang Si-hyuk, Kwon Yong-sang, and two others to prosecutors over alleged unfair trading linked to HYBE’s stock listing. Investigators estimated KRW 263.1 billion, about USD $189 million, in improper gains. Prosecutors have not filed charges, and HYBE and Bang deny the claims.
