Min Hee-jin, the creative force behind the K-pop sensation NewJeans and former CEO of Ador, has proposed a resolution to the ongoing dispute with Hybe Corporation. Her offer includes dropping all civil and criminal litigation in exchange for foregoing a substantial payout.
Specifically, Min Hee-jin is willing to relinquish the 25.6 billion won ($17.9 million) put option payment she is entitled to following her recent legal victory against Hybe. She presents this as a good faith effort to bring closure to the protracted conflict that has captivated the K-pop industry.
During a recent press conference, Min stated that she is prepared to sacrifice the considerable sum awarded by the court if Hybe agrees to a complete cessation of all related lawsuits. This includes legal actions involving NewJeans members and other individuals or entities linked to the contentious situation.
She emphasized that ending the prolonged and often public legal battle would “help prevent further harm to artists and the industry” as a whole. The K-pop community has been closely following the developments, and a resolution is seen as crucial for the future of both parties.
Min Hee-jin also issued a direct appeal to Hybe and its chairman, Bang Si-hyuk, urging them to refocus their energies “from the courtroom to the stage of creation.” Further emphasizing her commitment to moving forward, she stated her intention to step down from her former role as CEO of Ador and fully dedicate herself to her current position as the CEO of Ooak Records. This represents a significant shift in focus and a desire to rebuild and create new opportunities in the music industry.
