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Former NewJeans EP Min Hee Jin Wins $18 Million Court Battle Against HYBE

On Thursday, the Seoul Central District Court dismissed Hybe's lawsuit seeking to confirm termination of its shareholders' agreement with Min Hee-jin and ordered Hybe to pay 25.5 billion won.
After Min Hee-jin, former ADOR CEO, was dismissed in August 2024, she notified Hybe three months later she would exercise a put option, amid allegations she sought to end NewJeans' contract and push for an IPO.
The court found Min Hee-jin likely sought ADOR's independence but did not seriously breach the shareholders' agreement, while her put option would yield 75 percent of her ADOR stake.
Following the ruling, Hybe faces immediate obligations as it was ordered to pay 1.7 billion won and 1.4 billion won to two former ADOR executives for the same contractual reasons, in addition to the 25.5 billion won in put‑option damages.
The group's agency status is complicated by NewJeans saying it terminated its contract with ADOR over trust breakdown, but a court last October upheld the exclusive contract.

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Philstar Global

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HYBE ordered to pay former Ador CEO 25.5 billion won

The former CEO of Ador scored a victory against giant K-pop label HYBE.

7 hours ago·Manila, Philippines

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Forbes

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Former NewJeans EP Min Hee Jin Wins $18 Million Court Battle Against HYBE

The Seoul Central District Court ruled that Min's exercise of her put option was valid, rejecting HYBE's argument that the shareholder agreement had been terminated.

11 hours ago·United States

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The Korea Times

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Court orders HYBE to pay $17.7 mil. to ex-CEO of Ador

A court on Thursday dismissed K-pop powerhouse Hybe's lawsuit seeking to confirm the termination of its shareholders' agreement with Min Hee-jin, the former CEO of a Hybe subsidiary named ADOR. The Seoul Central District Court also ruled that Hybe has to pay 25.5 billion won ($17.7 million) worth of put options to Min because of the validity of the shareholders' agreement. Hybe was also ordered by the court to pay 1.7 billion won and 1.4 billion…

12 hours ago·Korea, Republic of

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연합뉴스-Yonhap News Agency

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Min Hee-Jin Wins First Trial in Put Option lawsuit... Court: "Hybe Must Pay 25.5 Billion won."

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16 hours ago·Korea, Republic of

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Time News

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