Thu Sep 19 07:46:46 UTC 2024: ## K-Pop and Business Headlines: HYBE Shares Dip, Taihan Cable Expands, and More

**Seoul, South Korea** – The K-Pop world saw a shakeup this week as HYBE Corporation, the agency behind BTS, saw its shares drop following a demand for the reinstatement of NewJeans member Min. Meanwhile, the business world was abuzz with news of expansion and acquisitions.

**Here are some of the key headlines:**

* **HYBE Shares Take a Hit:** Following a demand for the reinstatement of NewJeans member Min, shares in HYBE Corporation took a dip.
* **LS Materials Ready for IPO:** South Korea’s LS Materials is poised to see a boost in earnings ahead of its Initial Public Offering (IPO) process.
* **Rising Travel Costs Drain Korea’s Account:** Increased overseas travel is putting a strain on Korea’s travel account deficit, as the country faces rising expenditures.
* **Hostile Bid for Korea Zinc:** MBK and Young Poong have launched a $1.5 billion hostile bid for Korea Zinc, leading to speculation about the future of the company.
* **LX Pantos Son Sells Shares:** The son of LX Pantos founder has sold his shares to LX International for $37 million.
* **Taihan Cable Expands Globally:** Taihan Cable has achieved several milestones in its global expansion, including the completion of its first optical cable plant in Kuwait and securing a $137 million long-term contract in the United States. The company has also won a $94 million power grid project in the US.

These developments highlight the dynamism of the Korean economy and the increasing global influence of Korean businesses and entertainment.

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