US EditionNewJeans: Ex-K-Pop Boss Min Hee-Jin Offers to Forgo Compensation if Label Drops Lawsuits
Min Hee-jin offered to forgo a 25.5 billion won payout to stop all litigation involving NewJeans and related parties, prioritizing artists over legal battles, after a court ruling.
9 Articles
9 Articles
Min Hee-jin's proposal to waive 25.6 billion won in put options: Let's end the dispute and compete on the creative stage. Let's open a path for artists to shine, demanding the return of New Jeans Adore. Let's compete on the creative stage of K-pop, not the courts. Min Hee-jin, CEO of OK Records and Adore, held a press conference on the 25th in Jongno-gu, Seoul.
Former ADOR CEO Min offers truce with Hybe over 25.6 billion-won deal
Former ADOR chief executive Min Hee-jin on Wednesday offered to end all legal disputes with K-pop giant Hybe in return for waiving a 25.6 billion-won (US$17.89 million) put option payout she expects from the company.
[Digital Daily Reporter Jo Eun-byeol] "I propose to Hive. I will pay 25.6 billion won, so please suspend all civil and criminal lawsuits." (Min Hee-jin, former CEO of Adore) It was clearly an unconventional proposal. The problem was what happened next. Min Hee-jin, former CEO of Adore (current CEO of OK Records), read the proposal written on her laptop and then hurried out of the press conference. There was no question-and-answer session. It too…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
