HYBE announces change in leadership; Park Ji Won steps down, CSO Lee Jae Sang to become next CEO

HYBE, one of the biggest K-pop labels globally, has officially announced the resignation of its CEO, Park Ji Won. After leading the company for four years, Park Ji Won has stepped down, and HYBE has revealed plans to appoint the current Chief Strategy Officer (CSO), Lee Jae Sang, as the new CEO.

HYBE, one of the biggest K-pop labels globally, has officially announced the resignation of its CEO, Park Ji Won. After leading the company for four years, Park Ji Won has stepped down, and HYBE has revealed plans to appoint the current Chief Strategy Officer (CSO), Lee Jae Sang, as the new CEO.

X Sports News reported Park Ji Won’s resignation and highlighted his letter to employees about an upcoming town hall meeting to discuss HYBE's next strategic phase, HYBE 2.0. Park Ji Won confirmed the reports of his resignation and mentioned that he would continue working at HYBE in a different capacity.

According to a statement by HYBE reported by Herald Pop, the label plans to appoint Lee Jae Sang as the next CEO. Lee Jae Sang, known for his extensive experience in strategic planning and operations, is expected to lead HYBE to new heights. The company emphasised that his expertise goes beyond borders, positioning him well to advance HYBE into an innovative entertainment lifestyle platform focusing on music and technology.

The appointment of Lee Jae Sang as the new CEO is subject to approval from HYBE's shareholders and board of directors. Once approved, he will officially take over the leadership role.

HYBE Corporation, originally founded as Big Hit Entertainment by Bang Si Hyuk in 2005, has become a leading force in the K-pop industry. The label is renowned for launching globally successful groups such as BTS, TOMORROW X TOGETHER, ENHYPEN, LE SSERAFIM, SEVENTEEN, and NewJeans. HYBE continues to shape the music industry with its innovative approaches and strategic expansions.

The transition in HYBE's leadership marks a significant moment for the company. With Lee Jae Sang poised to become the new CEO, HYBE aims to continue its legacy of success and innovation in the K-pop industry and beyond.