
After receiving a ruling to pay 25.5 billion yen (about 2.55 billion yen) to former ADOR representative Min Hee-jin regarding a put option lawsuit, HYBE paid a deposit to the court to prevent enforcement. Today (25th), according to confirmation from Newsen, HYBE paid a court guarantee deposit of 29.25 billion yen (about 2.925 billion yen) to the Seoul Central District Court. This measure was taken because Min Hee-jin applied for a claim seizure and enforcement order against HYBE's assets immediately after the ruling. Previously, the 31st Civil Agreement Division of the Seoul Central District Court judged that Min Hee-jin's exercise of the put option was legitimate and ruled that HYBE must pay 25.5 billion yen. HYBE filed an appeal against this and requested the court to suspend enforcement until the appeal trial begins, which was approved. After declaring the termination of the shareholder agreement with HYBE upon leaving ADOR in November 2024, Min Hee-jin filed a lawsuit for the payment related to the put option. According to the contract, the amount of Min Hee-jin's put option was calculated by applying 13 times the average operating profit of ADOR over two years and reflecting her 75% shareholding ratio. According to ADOR's audit report, Min Hee-jin exercised a call option in 2023 to acquire 18% (573,160 shares) of ADOR's stock. The amount was calculated to be about 25.5 billion yen based on performance standards from 2022 to 2023. On the afternoon of the 25th of this month, Min Hee-jin held a press conference in Jongno District, Seoul, proposing to HYBE, "In exchange for my offering of 25.6 billion yen (about 2.56 billion yen), I propose to immediately suspend all ongoing civil and criminal lawsuits and conclude all disputes." In response to this press conference, HYBE commented briefly, saying, "We have nothing to convey." - Min Hee-jin makes an unusual proposal to HYBE for NewJeans... demands suspension of all disputes in exchange for 2.5 billion yen - "I want to create a shining path for all NewJeans members" Min Hee-jin's declaration of abandoning 2.5 billion yen draws attention to HYBE's comments and her attire at the press conference.
A South Korean court ruled that a YouTuber must pay HYBE 15 million won for defamation after he claimed ILLIT plagiarized NewJeans' choreography. The judge stated the YouTuber posted videos without verifying the truth, damaging HYBE's reputation. Although HYBE sought 300 million won, only 15 million won was awarded.
ADOR has filed a lawsuit against Daniel and former representative Min Hee-jin, claiming damages of about 43 billion won due to issues surrounding NewJeans' departure. The court proceedings emphasize the need for a swift resolution to avoid harming the artists' careers, while both sides remain open to potential reconciliation.
In a lawsuit initiated by ADOR against NewJeans' Daniel, his legal representatives argue that the case's delay harms his career and suggest that ADOR is intentionally prolonging the process. They emphasize that the issues are clear and evidence is sufficient for a swift resolution. ADOR claims Daniel's actions caused significant disruptions to group activities.
ADOR has initiated a lawsuit seeking 43 billion won in damages from NewJeans' Daniel and Min Hee-jin. The initial court hearing is scheduled for the 26th. This follows a previous ruling where Min Hee-jin won against HYBE. ADOR claims Daniel's family is responsible for delays in NewJeans' comeback.
Daniel from NewJeans will have her fan communication records removed from the official platform Phoning, as ADOR restructures content amid ongoing contract disputes. This decision follows a legal battle regarding her contract with ADOR, which has raised concerns among fans about consumer rights and the implications for future disputes in the industry.
The Korean Entertainment Management Association has officially addressed the controversy surrounding NewJeans, recognizing it as a serious issue that could undermine the trust within the Korean pop culture industry. They demand accountability from those involved, particularly Min Hee-jin, and stress the importance of eradicating unethical practices like 'tampering' in the industry.
Min Heejin proposes to forgo a 25 billion yen claim against HYBE to conclude all ongoing lawsuits, emphasizing the well-being of NewJeans and the K-POP industry. She expresses gratitude for the court's rulings and aims to shift focus from legal battles to creative endeavors, urging for a harmonious environment for artists.
Min Hee-jin, at a press conference, proposed to HYBE to end all ongoing civil and criminal lawsuits in exchange for 25.5 billion won. She emphasized the importance of resolving conflicts for the benefit of NewJeans and the K-POP industry, stating her intention to focus on nurturing new artists and business directions.
The Seoul Central District Court has granted HYBE's request to suspend the enforcement of a payment ruling against Min Hee-jin, which was set at 25 billion won. This decision halts her request for a temporary seizure of HYBE's bank accounts. Min had previously filed for account seizure following a favorable ruling in her lawsuit against HYBE.
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