HYBE pays 255 billion won to Min Hee-jin after a court ruling, while she proposes to end all disputes in exchange for 256 billion won.
February/26/2026 16:31Related Groups & Members
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.
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