Min Hee Jin Discusses Legal Battles with HYBE and Financial Implications

Former ADOR CEO Min Hee Jin opens up about the ongoing lawsuits with HYBE, including the financial stakes involved in put options.

In a recent live broadcast on YouTube, former ADOR CEO Min Hee Jin addressed the ongoing legal disputes with HYBE, shedding light on the complexities of the situation. Min revealed that the number of lawsuits has increased due to counter-suing, making the legal process more time-consuming. She clarified that she could not comment on the exclusive contract validity lawsuit involving NewJeans (NJZ) members, as it is not directly related to her.

Min also discussed the financial aspects of the put option lawsuit, disclosing that the put option amount is approximately ₩25.6 billion KRW (about $17.5 million USD). She mentioned receiving investment offers based on the assumption that she had already received substantial funds from HYBE through these options, which she denied.

According to Min, she was offered 13 times the previous year's operating benefit if she resigned, a figure comparable to stock options before the shareholder agreement was converted to put options.

Source: Koreaboo

Why it matters

• The legal disputes could have significant financial implications for both Min Hee Jin and HYBE, affecting their business operations and shareholder relations.
• The outcome of these lawsuits may impact the future of NewJeans (NJZ) and their contractual agreements, influencing the K-pop industry's handling of artist contracts.