The group NewJeans (from left: Hanni, Minji, HAEIN, Haerin, and Daniel) answers questions from reporters after completing the preliminary hearing for the injunction filed by ADOR against the members regarding ‘the preservation of the agency's position and the prohibition of signing advertising contracts’ at the Seoul Central District Court in Seocho-gu, Seoul on Mar. 7./Courtesy of News1
The group NewJeans (from left: Hanni, Minji, HAEIN, Haerin, and Daniel) answers questions from reporters after completing the preliminary hearing for the injunction filed by ADOR against the members regarding ‘the preservation of the agency's position and the prohibition of signing advertising contracts’ at the Seoul Central District Court in Seocho-gu, Seoul on Mar. 7./Courtesy of News1

As the group NewJeans' independent activities were blocked, HYBE's stock price is on the rise. HYBE is currently in a dispute over a contract with NewJeans, and the court recently sided with HYBE.

As of 2:03 p.m. on the 21st, HYBE's shares are trading at 234,000 won, up 2.18% from the previous day.

On the same day, the 50th Civil Division of the Seoul Central District Court (Chief Judge Kim Sang-hoon) granted ADOR's request for a preliminary injunction to prevent NewJeans members (Minji, Hanni, Danielle, Hae-rin, HAEIN) from taking actions related to their agency rights and signing advertising contracts. ADOR is a subsidiary of HYBE.

Earlier, NewJeans began its independent activities under the name NJZ, stating that ADOR violated the contract, leading to its termination in November last year. In response, ADOR filed a request for a preliminary injunction, asking the court to stop NJZ from independently signing advertising contracts.

ADOR has expanded its request for a preliminary injunction to prohibit NewJeans from engaging in music activities, including songwriting, composing, and singing. Following this ruling, it is expected that NewJeans will be blocked from activities as NJZ.