*This content was translated by AI.
Min Hee-jin, former CEO of DoorDoor, claimed that the alleged tampering of girl group NewJeans is a "national fraud."
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.
Lawyer Kim Sun-woong said on the day, "The substance of the suspicion that Min Hee-jin's so-called 'NewJeans tambering' triggered by the report in December 2024 and January 2025 was a fraud to the public by the family of a NewJeans member and a specific businessman who attempted to boost stock prices or manipulate market prices of a specific company, unrelated to Min Hee-jin."
Min Hee-jin then said, "When the suspicion was raised, Min Hee-jin attempted to reach an agreement with Hive even by giving up all rights under the contract between shareholders to return and re-activate NewJeans, and in the process, the family of a member who is close to Hive's core management took advantage of Min Hee-jin's situation to plan NewJeans tamping and attract stock market disruptors."
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.
