Former ADOR CEO Min Hee-jin has proposed resolving all ongoing legal disputes with HYBE Corporation for 25.6 billion won, approximately $17.9 million, citing concerns for the future of the NewJeans girl group.
“I have decided to exchange 25.6 billion won for another value,” Min told reporters Wednesday, according to Yonhap News Agency. “The reason is the NewJeans members.”
The offer represents a potential truce in a rapidly escalating conflict between Min and HYBE, the entertainment company behind global sensation BTS. The dispute centers on allegations of breach of trust and attempts to usurp management control of ADOR, the label responsible for NewJeans. HYBE initially sought an injunction to remove Min from her position, alleging she was attempting to orchestrate a coup.
The proposed settlement, as reported by Forbes, would see Min forgo the 25.6 billion won in exchange for HYBE dropping all lawsuits related to NewJeans. This includes disputes over the group’s ownership and future management. The offer appears to be an attempt to shield the group from further legal turmoil, which has raised concerns about their activities and promotional schedule.
HYBE has not publicly responded to Min’s proposal as of Wednesday afternoon. The company has previously maintained that Min’s actions were detrimental to the company’s interests and a violation of her contractual obligations. According to a report from The Korea Times, HYBE had been seeking damages from Min, alleging she had attempted to poach staff and undermine the company’s business.
The legal battles stem from a disagreement over the direction of ADOR and the future of NewJeans. Min, who is credited with the group’s success, reportedly clashed with HYBE management over creative control and strategic decisions. The conflict escalated after HYBE discovered what it described as evidence of Min’s attempts to gain independent control of ADOR.
The outcome of this dispute will have significant implications for both Min and HYBE, as well as the future of NewJeans. The group has quickly turn into one of South Korea’s most popular acts, and their continued success is crucial for both ADOR and HYBE. As of Wednesday, HYBE has not indicated whether it will accept Min’s offer or continue to pursue legal action.
