Min Hee Jin Addresses Legal Battles with HYBE Over NewJeans

URGENT UPDATE: Min Hee Jin, the former CEO of ADOR, is addressing the escalating legal disputes with HYBE during a live broadcast on YouTube. In a candid discussion with host Jung Young Jin, Min revealed critical insights into the ongoing lawsuits that have significantly impacted her and NewJeans (NJZ).

During the broadcast, Min confirmed that “they filed many lawsuits,” acknowledging the complex nature of the legal battles. She elaborated, “While counter-suing, the number of lawsuits has increased and taken time,” highlighting the urgency and weight of the situation.

As tensions rise, the exclusive contract validity lawsuit involving NJZ members remains a pivotal issue. However, Min stated, “That lawsuit is not mine, so I cannot comment on it.” This statement underscores the complexities surrounding the legal framework that governs the group.

In a striking revelation, Min discussed the put option lawsuit related to the shareholder agreement. She stated, “I received investment offers because they thought I had already received a large amount of money from HYBE (through put options),” but clarified, “However, I haven’t actually received anything yet.” This admission raises questions about the financial dealings and transparency within the organization.

Min disclosed that the put option amount stands at approximately ₩25.6 billion KRW (about $17.5 million USD). She further explained the context, stating, “I was offered 13 times the previous year’s operating benefit if I quit my job.” This staggering figure emphasizes the high stakes involved and the intense pressure on all parties.

The situation is developing rapidly, with legal repercussions that could reshape the future of both ADOR and NJZ. As fans and stakeholders await further developments, the implications of these lawsuits are becoming increasingly significant.

Stay tuned for updates as this unfolding story captures the attention of the K-pop industry and beyond. The tension surrounding Min Hee Jin and HYBE could have far-reaching consequences for the artists involved, the companies, and their fans.