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Min Hee-jin won a lawsuit against HYBE regarding stock sale claims, with the court ruling in her favor on the validity of her put option.

Min Hee-jin won a lawsuit against HYBE regarding stock sale claims, with the court ruling in her favor on the validity of her put option.

February/12/2026 13:12

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Former ADOR representative Min Hee-jin won a lawsuit regarding the stock sale price claim related to the shareholder agreement and the exercise of the put option against HYBE. The Seoul Central District Court's Civil Agreement Division 31 (Judge Nam In-soo) held a declaration date today (12th) morning for the lawsuit confirming the termination of the shareholder agreement filed by HYBE against Min Hee-jin, and the stock sale price claim lawsuit filed by Min Hee-jin against HYBE. In this lawsuit, HYBE emphasized that Min Hee-jin planned to poach NewJeans and argued that the shareholder agreement was already terminated four months before the exercise of the put option, thus she could not exercise it. On the other hand, Min Hee-jin argued that she never attempted to poach NewJeans and claimed her right to demand payment because she exercised the put option while the contract was still in effect. The court dismissed HYBE's claims today, ruling that 'Min Hee-jin's exercise of the put option is legitimate, and HYBE must pay Min Hee-jin 25.5 billion won (about 2.5 billion yen).' The court acknowledged the evidentiary value of the KakaoTalk conversations obtained by HYBE from Min Hee-jin but judged that 'this fact alone cannot be considered a significant breach of the shareholder agreement.' Additionally, the court found that the plagiarism allegations raised by Min Hee-jin regarding ILLIT were also difficult to consider as significant contract violations. - Min Hee-jin refutes poaching allegations regarding NewJeans, claiming 'a national fraud drama involving family members.' - Min Hee-jin continues to oppose HYBE in the final argument, with a ruling scheduled for February 12, urging not to be misled.

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