Will they be able to resolve matters peacefully?
On February 25, Min Hee Jin held a press conference in Seoul to announce her position on the first trial verdict in the lawsuit against HYBE regarding the shareholder agreement and put option.
Previously, the court dismissed HYBE’s claim, stating they must pay ₩25.5 billion KRW (about $17.6 million USD to Min Hee Jin.
Former ADOR CEO Min Hee Jin Wins Lawsuit Against HYBE
During the press conference, she made a shocking offer to give up all the money in exchange for dropping all lawsuits against NewJeans.
I’m here to inform you that I’ve decided to exchange the ₩25.6 billion KRW (about $17.8 million USD) for something else. The most important reason being the members of NewJeans.
— Min Hee Jin
Min Hee Jin Makes Shocking Offer To HYBE In Exchange For Giving Up ₩25.5 Billion KRW
Min added, “We had a creative vision together. It’s regrettable that we couldn’t achieve that. I now intend to shed the label of former ADOR CEO and embark on a new path with OOAK Records. I hope HYBE will continue a positive approach to my offer.”
However, regarding her offer, HYBE revealed they had no specific position on the matter.
We have no position on this matter.
— HYBE
