Hive, "Exit" Daniel, should I embrace him..Min Hee-jin gives up 25.6 billion won for 5 people's NewJeans [Star field comprehensive]

*This content was translated by AI.

"Please create an environment where all five members of the NewJeans can gather and freely fulfill their dreams."

Min Hee-jin, former CEO of ADOR and current CEO of OK Records, offered to give up 25.6 billion won in put options to Hive, and insisted on a five-member system of girl group NewJeans on that condition.

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 gasped and rushed to the podium. Min Hee-jin, who said, "I walked into the next building and walked there," said, "You must have thought that I would do freestyle, but what I have to say today is a very important story, so I will explain it as I read it. I hope you will listen carefully," he said, opening his laptop and reading the manuscript he had prepared.

First of all, he mentioned the winning part of the first trial ruling in a recent legal dispute with Hive. Min Hee-jin said, "The court revealed that the stimulating frames of 'the exploitation of management control' and 'tamping' are illusions, and acknowledged that the problem consciousness of creative ethics I raised was the management judgment I deserved as a representative of a company. The outcome of this lawsuit was like consolation for me to wash away the wounds of the past two years. In the process, I feel a sense of debt for the fatigue I unintentionally gave to the public," he said.

Min Hee-jin then said, "I decided to exchange 25.6 billion won I will get in return for winning for another value. 25.6 billion won is a huge amount that most people cannot afford even for a lifetime. I make a meaningful offer to Hive as it is worth much more desperately than this huge sum of money. Instead of putting down 25.6 billion won, I propose to immediately stop all ongoing civil and criminal lawsuits and close all disputes." 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. As for all the reasons for making this decision, Min Hee-jin confessed, "The most urgent reason is because of the members of the 'NewJeans'."

At the same time, Min Hee-jin supported NewJeans's five-member system. Earlier in October last year, NewJeans lost the first trial to confirm the validity of its exclusive contract with Odor, and all members expressed their intention to return to ADOR without appeal. However, ADOR notified Daniel of the termination of the exclusive contract in December of the same year and filed a lawsuit against Daniel, a family member, and Min Hee-jin for damages worth 43.1 billion won.

In response, Min Hee-jin said, "I can no longer watch the reality that the five members who should be happily on stage have to stand on stage with someone on stage and someone on court. The members on the stage will also suffer, and no one, as well as the fans watching it, will be able to happily watch the situation, he said. "Please create an environment where all five members of the NewJeans can gather and freely fulfill their dreams."

I didn't forget a word about Bang Si-hyuk. 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 strict, 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 said. "I ask the current ADOR to make the promise that he will do well when the NewJeans returns become a reality."

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.

The first trial court also drew attention by adopting the contents of the messenger conversation exchanged between Min Hee-jin and V, a member of the boy group BTS (BTS), as court evidence. According to a media outlet at the time, V told Min Hee-jin, " (There's always been talk of plagiarism and there's never been a time when it's not out.) I know. It is known that I sent a message to the effect of "Oh, this is similar."

Later, when this was known, V said on his personal SNS, "It's part of a private daily conversation I had with sympathy because it was my acquaintance. I have no intention of siding with either side. However, I am very embarrassed that the conversation was submitted as evidence without my consent," he said.

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*This content was translated by AI.