He emphasized that the company’s financial state is sound and urged employees to trust that ongoing issues, including controversies surrounding NewJeans, will be resolved over time.
At an internal town hall event on October 14, CEO Lee Jae-sang stressed HYBE’s strong financial standing, calming concerns related to a 400 billion KRW convertible bond repayment risk. He also highlighted the success of HYBE’s latest convertible bond issuance, signaling market confidence in the company’s growth potential.
The company’s available cash assets, as confirmed by HYBE’s 2024 semi-annual report, total about 1.07 trillion KRW. Additionally, HYBE successfully refinanced its 400 billion KRW convertible bonds ahead of schedule.
The CEO also touched on HYBE’s positive performance, highlighting SEVENTEEN’s strong sales and BOYNEXTDOOR’s rising popularity.
According to Hanteo Chart on October 15, SEVENTEEN’s 12th mini-album “SPILL THE FEELS” sold 2.49 million copies on the first day of its release. This marks an increase of 230,000 copies compared to their best album “17 IS RIGHT HERE”, released in April, which sold 2.26 million copies on its first day.
BOYNEXTDOOR’s third EP “19.99”, released in September, recorded 750,000 copies sold in its first week, with 600,000 copies sold on the first day. This is an improvement over their second EP “HOW?”, released in April, which had first-week sales of 530,000 copies and 390,000 copies sold on the release day.
HYBE’s financial outlook remains optimistic, with expectations of improved third-quarter earnings. The company also sees continued growth for its new group KATSEYE.
KATSEYE, which debuted in June, has achieved notable results on domestic and international music charts such as Billboard, Spotify and Melon.