Min Hee-jin "Hive Bang Si-hyuk, let's meet in the place of creation, not in court!" [the star scene]

*This content was translated by AI.

Former ADOR CEO and current OK Records CEO Min Heejin who created girl group NewJeans.

On the 25th, Min Hee-jin held a press conference on the results and future plans of winning the first trial of a lawsuit to confirm the termination of the shareholder contract and the stock purchase price with Hive at the Teacher Challenge Hall in Jongno-gu, Seoul. It was originally scheduled to start at 1:45 p.m., but due to a six-minute delay, Min Hee-jin arrived at 51 minutes.

On this day, Min Hee-jin said, "Hive and Chairman Bang Si-hyuk. Now, let's meet in the place of creation, not in the courtroom. In an era when corporate responsibilities have become severe, such as the revision of the commercial law in July 2025, resolving risks in the entertainment industry and choosing harmony will be the smartest management decision for shareholders and fans.

He continued, "Now I want to take off the label of 'former ADOR representative' and take a new path as 'Okay Records representative'. In the future, I will devote all my energy to fostering new artists who will represent the K-pop industry and to a new direction of business," he said.

At the same time, Min Hee-jin proposed to immediately stop all ongoing civil and criminal lawsuits and end all disputes instead of putting down 25.6 billion won at Hive. The proposal includes not only Min Hee-jin, but also NewJeans members, outsourcing partners, and employees from all over the ADOR, as well as all complaints and accusations against the fandom involved in the fight.

On the 12th, the Civil Agreement Department 31 (Director Nam In-soo) of the Seoul Central District Court held a ruling on Hive's lawsuit against former CEO of ADOR Min Hee-jin to confirm the termination of the inter-shareholder contract and a lawsuit against former CEO Min Hee-jin for the exercise of put options against Hive. At the time, the court said, "Hive's claim is dismissed and the litigation costs are borne by Hive. In addition, he ruled in favor of Min, saying, "Min Hee-jin's exercise of put options is justified and should be paid 25.5 billion won."

However, on the same day, Hive immediately said, "It is regrettable that our claims have not been fully accepted," and added, "We will proceed with future legal procedures such as appeals after reviewing the judgment."

Afterwards, Min Hee-jin applied for the seizure of the deposit account against Hive in accordance with the court's ruling, but it was not accepted. The court cited Hive's application for a stay of execution.

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*This content was translated by AI.