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Don't break up NewJeans and I'll forgo $18m payout, says ex-K-pop boss
| United Kingdom | general | ✓ Verified - bbc.com

Don't break up NewJeans and I'll forgo $18m payout, says ex-K-pop boss

#NewJeans #Min Hee-jin #Hybe #K-pop #lawsuits #contract dispute #Ador #South Korea

📌 Key Takeaways

  • Min Hee-jin offered to forgo $17.9m payout to protect NewJeans from lawsuits
  • Hybe terminated NewJeans member Danielle's contract and is suing her
  • Court ruled NewJeans must honor their contract with Ador until 2029
  • Min called for withdrawal of all lawsuits against the group and related parties
  • NewJeans was considered a game-changer in K-pop since their 2022 debut

📖 Full Retelling

Former Ador CEO Min Hee-jin has offered to forgo a 25.6bn won ($17.9m) payout to entertainment giant Hybe if the company drops all lawsuits against K-pop group NewJeans in Seoul on Wednesday, stating she 'can no longer bear to watch' the group get 'torn apart' when its members should be performing together. The dispute has escalated since Hybe terminated NewJeans member Danielle Marsh's contract in December and filed lawsuits against her for contract violations, while the band has been locked in a bitter feud with its label Ador, a Hybe subsidiary, since Min was sacked as CEO in August 2024. Despite NewJeans announcing they would leave following Min's dismissal, a South Korean court ruled in October that the group must honor their contract with Ador, which runs until 2029. In a separate ruling earlier this month, the court sided with Min in a put option dispute, ordering Hybe to pay her 25.6bn won, though the entertainment giant has appealed against this decision. 'I'm here because there are values I desperately want more than a large sum of money,' Min said, emphasizing that NewJeans was the main reason behind her decision to potentially give up the payout and calling for the withdrawal of all ongoing lawsuits against the group, their families, fans, and former employees.

🏷️ Themes

K-pop industry conflicts, Artist-label relationships, Corporate disputes

📚 Related People & Topics

Ador

Topics referred to by the same term

Ador may refer to:

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Hybe

South Korean entertainment company

Hybe Co., Ltd. (Korean: 하이브), commonly known as simply Hybe, is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk as Big Hit Entertainment Co., Ltd. The company operates as a record label, talent agency, music production company, event management and concert prod...

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South Korea

South Korea

Country in East Asia

South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and the Sea of Japan to the east. South Korea claims to be the sole le...

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NewJeans

NewJeans

South Korean girl group

NewJeans (Korean: 뉴진스), briefly known as NJZ (엔제이지), is a South Korean girl group formed by ADOR, a sub-label of Hybe. The group was initially composed of five members: Minji, Hanni, Danielle, Haerin, and Hyein. Mainly produced by Min Hee-jin, they are known for their girl next door image and musica...

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Original Source
Don't break up NewJeans and I'll forgo $18m payout, says ex-K-pop boss 20 minutes ago Share Save Kelly Ng and Hosu Lee , Seoul Share Save The ex-boss of NewJeans' record label has offered to forgo a 25.6bn won ($17.9m; £13.2m) payout if entertainment giant Hybe drops all lawsuits against the K-pop group. Min Hee-jin said she "can no longer bear to watch" NewJeans get "torn apart" when its five members "should instead be standing happily on stage". Hybe, whose client list includes K-pop royalty like BTS and Seventeen, said in December it had terminated the contract of NewJeans member Danielle Marsh and was suing her for contract violation and other damages. The chart-topping band has been locked in a bitter feud with its label Ador, a Hybe subsidiary, since it sacked Min as the label's CEO in August 2024. NewJeans, who saw Min as a mentor, announced they would leave the agency following her dismissal, but a South Korea district court ruled last October that they must honour their contract with Ador, which runs until 2029. In a separate ruling earlier this month, the court sided with Min in a put option dispute with Hybe, ordering the entertainment giant to pay her 25.6bn won. A put option is a contract that gives its owner the right to sell an asset at a future date at a predetermined price. Hybe has appealed against the ruling. "I'm here because there are values I desperately want more than a large sum of money," Min said on Wednesday, noting that NewJeans was the main reason behind her decision to give up the payout. Min has called for the withdrawal of all ongoing civil and criminal lawsuits against NewJeans members, as well as external partners, former Ador employees, and fans who have been drawn into the conflict. "Only then will the artistes, their families, and their fans be free from further unnecessary noise," she said. Hybe has yet to respond to her offer. NewJeans, who became the eighth biggest-selling act in the world a year after their debut in 2022, wer...
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