Min Hee-jin, the former CEO of ADOR who created the K-pop girl group NewJeans and current CEO of OK Records, will once again address the public.
At 1:45 PM on May 25th, Min Hee-jin will hold a press conference for media representatives at the Kyowon Challenge Hall in Jongno-gu, Seoul.
During the press conference, Min Hee-jin is expected to discuss the results of her first trial and her future plans. She previously won a legal battle against HYBE.
On May 12th, the 31st Civil Division of the Seoul Central District Court (Chief Judge Nam In-soo) held a hearing regarding HYBE’s lawsuit against former ADOR CEO Min Hee-jin to confirm the termination of the shareholder agreement, and Min Hee-jin’s lawsuit against HYBE for the stock purchase price related to the exercise of her put option. The court ruled in favor of Min Hee-jin, stating, “HYBE’s claim is dismissed, and HYBE shall bear the costs of the lawsuit. Furthermore, Min Hee-jin’s exercise of the put option is justified, and HYBE must pay approximately ₩25.5 billion.”
However, on the same day, HYBE immediately responded by stating, “We are disappointed that our arguments were not sufficiently accepted,” and “We will review the judgment and proceed with future legal procedures, including an appeal.”
