*This content was translated by AI.
Former Odor CEO Min Hee-jin missed a press conference related to the girl group NewJeans Tampaing Truth.
On the morning of the 28th, an open press conference was held at the Kyowon Jonggak Building Challenge Hall in Gwansul-dong, Jongno-gu, Seoul, on the suspicion of "NewJeans tamping." Attorney Jiam Kim Sun-woong of the law firm attended.
Attorney Kim Sun-woong said on the day, "It is difficult to talk about it because there is a problem with the family of NewJeans members, and in fact, some of them were quite shocked when they heard about their relationship recently, so it is difficult to come out today about that part. We ask for your understanding."
Attorney Kim Sun-woong said on the 27th, "The press conference was initially considered to be held on Thursday, January 29, but it was moved up by one day to Wednesday (January 28) in the process of recruiting the venue. As a result, Min Hee-jin, former CEO of Airdo, is currently coordinating the schedule, and it has not yet been decided whether he will not attend the press conference.
Earlier in July 2024, Hive terminated the contract between shareholders, saying Min Hee-jin tried to privatize NewJeans and Adore and caused damage to the company and its affiliated labels. After that, Min Hee-jin was dismissed from his position as CEO of Audor a month later. Eventually, in November of the same year, Min Hee-jin resigned from his position as the company's executive director and notified Hive of the exercise of put options worth about 26 billion won. However, Hive argued that the shareholder agreement had already been terminated in July, making it ineffective for the exercise of put options.
In response, Min Hee-jin refuted that Hive's notice of termination was invalid because there was no violation of the shareholders' contract, maintaining the position that the right to claim payments should be recognized because the put option exercised by him is valid.
In the process, NewJeans lost the first trial to confirm the validity of its exclusive contract with Adore in October last year, and all members expressed their intention to return to Adore without appeal. However, in December of the same year, Odor notified Daniel of the termination of the exclusive contract and filed a lawsuit against Daniel, a family member, and Min Hee-jin for damages worth 43.1 billion won. Min Hee-jin established a new agency, "Okay," in October last year.
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*This content was translated by AI.
