HYBE's Park Ji-won has stepped down as CEO of the BTS label, with current Chief Strategy Officer Lee Jae-sang (also known as Jason Jaesang Lee) lined up as his replacement. Park joined Big Hit Entertainment (now HYBE) in 2020 and became CEO in 2021, succeeding current chairman, founder and then-CEO Bang Si-hyuk.
BTS company HYBE boss steps down, Jason Jaesang Lee named as successor
Park's resignation follows a number of conflicts within affiliated labels, including Min Hee-jin, the CEO of ADOR, the label of girl group NewJeans, and other HYBE subsidiaries Source Music and Belift Lab.
Park's successor, Lee, joined HYBE in 2018 after stints at Hyundai Motor Group and Google. He was Chief Innovation Growth Officer for Big Hit Entertainment and Chief Operating Officer and President of HYBE America.
Lee's appointment will be finalized following an upcoming HYBE shareholder and board meeting.
