HYBE CEO Park Ji Won Confirms Resignation And Announces Successor

In unexpected news, Park Ji Won has announced he will step down as the CEO of HYBE and introduced his successor.

In his statement to the HYBE staff, Park explained the rationale behind this leadership transition.

We determined that a new leadership was necessary to actively prepare for and respond to HYBE’s future, and lead the new changes.

— Park’s statement

Park Ji Won then talked about who would replace him and explained why the decision seemed right. He named Lee Jae Sang as his successor.

Following that plan, Lee Jae Sang has been preparing to be the new CEO and the right person to lead HYBE 2.0 since the beginning of this year.

The direction for the new leadership and organizational changes has been a subject of long consideration and discussion. Mr. Lee is the right person to effectively implement HYBE’s mid-to-long-term growth strategy, inheriting HYBE’s vision, mission, and core values while leveraging his domestic and international business network. I sincerely support HYBE’s new leadership and new changes, and as a member of HYBE, I will continue to contribute to HYBE’s future in areas where I can utilize my expertise and network.

— Park’s statement

Park Ji Won joined HYBE as CEO in May 2020 after a successful stint with Nexon. He carried out the company’s IPO process, rebranding, and multi-label system.