HYBE Labels has selected a new CEO after Bang Si Hyuk walked under from the status and Park Ji Won will be electing Hyuk’s footwear. Earlier to entering the HYBE firm, Park Ji Won served himself as the game publisher’s CEO named Nexon Korea. Apart from this, Won was the previous CEO of the firm named HYBE HQ but has now certified to shift to the current CEO of HYBE Labels. For this shifting of the new CEO, the HYBE Labels stated a statement that this reorganization occurs as the outcome of requiring an all the variety of management to fully expand mid-to-long course marketing policies to grow as a universal firm. By the aim of universe guidance, we have restructured the field of power and ability, as per the specialists of particular commodities.”
The main and important news of this time is that Park Ji Won will be ousting the previous CEO and HYBE originator named Bang Si Hyuk. As we all know that, Bang Si Hyuk is recognised as the main and important genius behind the founding of BTS Group and is trusted for co-creating BTS singles, adjacent performances include 2 AM. Hyuk has moved out from CEO but will continue at HYBE on the committee of the directors. He is placed to concentrate more on developing music, which is a large area of specialists for him.
Apart from the switching up from the CEO post, HYBE Labels is witnessing important reorganization and extension and after that, the company also decided to do partnerships with music groups such as Universal Music Group along with Ithaca Holdings and this information is shared as the introduction of the HYBE America. Headed by CEO Scooter Braun and Yoon Seok Joon, American development is continuing to manage the K-Pop’s Western market. The headquarter of the company is in the USA and HYBE America is placed to operate a test performance in association with the Universal Music Group.
Likewise, an individualistic label named HYBE Japan has also been authenticated as the role of the adjustments to the firm and HYBE Japan will provide for the market of Japan and now, the firm is looking up for a new boyband which is based in Japan. The CEO Han Hyuk Rok is all set to handle the universal development label. Now, let’s see what will happen next in the HYBE Labels and will the new CEO will come out clean. Stay tuned with us.
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