Min Hee Jin Addresses Ongoing Legal Battles with HYBE and NJZ

BREAKING: Former ADOR CEO Min Hee Jin has just addressed the escalating legal conflicts involving HYBE and the popular K-pop group NewJeans (NJZ) during a live broadcast on YouTube. In an urgent update, Min revealed critical details about the ongoing lawsuits that are significantly impacting the music industry.

During the live stream hosted by Jung Young Jin, Min stated, “They filed many lawsuits,” highlighting the complexity of the situation. “While counter-suing, the number of lawsuits has increased and taken time,” she added, emphasizing the challenges faced by all parties. This situation has drawn widespread attention from fans and stakeholders alike.

Min also touched on the legal battle concerning the exclusive contract validity for NJZ members, clarifying, “That lawsuit is not mine, so I cannot comment on it.” However, she did provide insights into the ongoing put option lawsuit linked to the shareholder agreement, stating, “I received investment offers because they thought I had already received a large amount of money from HYBE through put options.” She quickly clarified, “However, I haven’t actually received anything yet.”

The total amount regarding the put option lawsuit is approximately ₩25.6 billion KRW, equating to about $17.5 million USD. Min revealed that she was offered “13 times the previous year’s operating benefit if I quit my job,” underlining the stakes involved in these legal disputes.

These revelations come as the K-pop industry faces increasing scrutiny over contract practices and shareholder agreements, making this situation highly relevant for fans and investors alike. The ongoing lawsuits could have significant repercussions for both HYBE and the artists involved, potentially reshaping the future of contracts in the industry.

As the situation develops, all eyes will be on further announcements from both Min Hee Jin and HYBE. Fans and industry watchers are encouraged to stay tuned for more updates on this unfolding story, which continues to generate buzz across social media platforms.

This urgent update not only highlights legal complexities but also reflects the broader issues of financial transparency and artist rights within the K-pop landscape. As these legal battles continue, the impact on NewJeans and other artists under HYBE’s management remains to be seen.