South Korea’s largest K-pop agency Hybe lost over $423 million in market cap after rookie group NewJeans terminated its contract with sub-label ADOR, leading to a 6.97% share plunge. The group cited breach of contract, mistreatment, workplace harassment, and lack of support from the company as reasons for their departure. Hybe has faced challenges with management disputes, legal notices, and declining profits, with NewJeans being a popular group winning accolades and chart entries before their contract termination.
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Separatists Are Still Holding Hundreds of Hostages in Pakistan Train Standoff
Pakistani security forces are in a deadly standoff with militants who seized a passenger train in the southwest, demanding the release of imprisoned members. At least 190 hostages have been rescued, with the militants threatening to kill hostages if their demands are not met. The Baloch Liberation Army, a separatist group, has been targeting security forces and Chinese interests in Baluchistan, using advanced tactics like suicide bombings. Full Article
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