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Games & Commerce

HYBE adopts \'technology\' in new vision, targets entertainment industry\'s \'next\'

HYBE is building a new brand system that applies technology to the essence of the music industry to expand fan experiences and speed up a new growth strategy. The company said on May 13 it revamped its mission, vision and corporate identity to reflect an expanded business structure and mid- to long-term plans. Its new vision explicitly includes technology. It also changed how it uses its CI and renewed its website.

Games & Commerce

Hybe Q1 revenue 6,983 billion won, up 40 percent year on year

Hybe said on Tuesday its first-quarter consolidated revenue rose 40 percent from a year earlier to 698.3 billion won. Direct participation revenue increased 25 percent to 403.7 billion won, led by album and music sales that nearly doubled. Indirect participation revenue climbed 66 percent to 294.7 billion won, with merchandise, licensing and fan club sales rising. Adjusted operating profit was 58.5 billion won, while operating profit on an unadjusted basis posted a loss.

Industry

Global ESG focus shifts to governance, South Korean companies face urgent response

The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.