Min Hee-jin, CEO of ooak Records and former CEO of ADOR, proposed that HYBE end all related lawsuits in exchange for her relinquishing 25.6 billion won in put option proceeds, and HYBE said it had no separate position on the matter.
On the 25th, HYBE told OSEN it had no position regarding former CEO Min Hee-jin's press conference.
Earlier, Min Hee-jin held a press conference at a location in Jongno-gu, Seoul and proposed that HYBE end all lawsuits. She proposed to HYBE, I will give up 25.6 billion won in exchange for stopping all ongoing civil and criminal lawsuits and ending all disputes. This proposal includes not only myself but also NewJeans members and external partner companies, as well as former ADOR employees, and even the termination of all lawsuits and criminal complaints directed at fandoms who have been hurt by being caught up in all these fights.
The lawsuits Min Hee-jin proposed to end include HYBE's lawsuit to confirm termination of the shareholders' agreement against Min Hee-jin, for which a first-instance decision was recently issued, and the lawsuit filed by former CEO Min Hee-jin against HYBE seeking payment for shares related to the exercise of a put option, as well as legal disputes between ADOR and Dolphiners Film, and ADOR's damage compensation lawsuit filed against Danielle and Min Hee-jin and one member of Danielle's family.
Min Hee-jin said she made the proposal thinking of the NewJeans members and added, All these litigation disputes must end so that no more indiscriminate noise occurs for the artists, their families and their fandom. I cannot bear to watch the reality in which five members who should be happily on stage have someone on stage while someone else must stand in court.
Min said, Members who perform on stage will also be distressed, and not only the fans watching but no one will view this situation happily. And with hearts torn apart like this, we can never create a good culture. As I have said many times, there are values more important to me than money. Now that my sincerity has been confirmed, I want to show the world that there are values more precious than money.
He then mentioned HYBE and Chairman Bang Si-hyuk and said, Let us meet at the place of creation. The Commercial Act was amended on July 2025, it seems, adding duties of loyalty to shareholders. At a time when corporate responsibilities are becoming stricter, minimizing risks in the entertainment industry and choosing harmony would be the wisest management judgment toward shareholders and fans, and Today the KOSPI surpassed 6,000. I hope HYBE will consider my proposal for mutual coexistence in a forward-looking direction, he concluded the press conference.
Meanwhile, HYBE appealed the first-instance ruling on the put option-related lawsuit on the 19th. HYBE filed an appeal and also requested a suspension of indirect enforcement, which the court granted. As a result, immediate enforcement regarding 25.5 billion won will not take place.
[Photo] OSEN DB
[OSEN]