He hit directly at Bang Sihyuk.."Let's be in harmony". MINHEEJIN, what happened in the last 2 days [Star Issue]

*This content was translated by AI.

Min Hee-jin, CEO of OK Records, made conflicting positions toward Hive in two days.

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's contract and the stock purchase price claim worth 25.5 billion won with Hive at the Teacher Challenge Hall in Jongno-gu, Seoul.

After six minutes of tardiness on that day, Min Hee-jin did not take questions and read only what he wrote. 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. Instead of laying down 25.6 billion won to Hive, he proposed immediately stopping all ongoing civil and criminal lawsuits and ending 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.

Two days before the press conference, Min Hee-jin indirectly mentioned Hive and Bang Si-hyuk and said, "Is it season 2 of Davorink? Lol there's no one to fall for such a novel now. It seems that the talent of making up as if there is something by inflating nothing in a grand way is the same as anywhere else. Instead of being interested in civil cases of the general public, try to talk about those who are under criminal investigation."

He continued, "I think I started reverse viral work last week right after I won the complete victory..It's a cliché ㅉㅉ," he said. "Remember that I also have the right to object to the report. Please stop spreading false information and keep the ethics of reporting," he said.

At the same time, former CEO Min Hee-jin said, "I'm sick and tired of holding the public and criminal responsibility for false reports of Dabolink and today's reports." "I think I'll do well if I write a sf novel or a crazy drama," he added.

Earlier in the day, Dispatch reported that former CEO Min Hee-jin was introduced to the late Japanese racing mogul Kazumachi and discussed investment, led NewJeans's Hong Kong complex cone "Fit Stop" stage, and Complex China CEO Bonnie Chan-woo expressed his intention to sell NewJeans to Hive, which led to former CEO Min Hee-jin's intervention. He also said, "To execute the termination of the NewJeans contract, I wrote a script for the NewJeans press conference and familiarized the members."

Earlier on the 12th, the Civil Agreement Department 31 (Director Nam In-soo) of the Seoul Central District Court held a ruling on Hive's decision to terminate the shareholder contract filed against former CEO Min Hee-jin and a stock sale price claim filed by former CEO Min Hee-jin against Hive, saying, "Hive's claim is dismissed, and Hive will bear the cost of the lawsuit. In addition, Min Hee-jin's exercise of put options is justified and pay an amount worth 25.5 billion won, he said.

Afterwards, Hive objected to the first trial's ruling and submitted an appeal on the 19th.

In addition, Chairman Bang Si-hyuk is under police investigation for allegedly pocketing about 190 billion won in unfair profits during the IPO process. Chairman Bang Si-hyuk is accused of falsely telling existing investors in 2019 that he had no plans for an initial public offering (IPO) and then having him sell his stake in Hive to a private equity fund (PEF) established by an acquaintance. At the time of the establishment of the PEF, one of the three registered executives is known to be an acquaintance of Bang Si-hyuk. Since then, Chairman Bang Si-hyuk has conducted an IPO, and financial authorities believe that he has made about 190 billion won in unfair profits, including receiving 30 percent of the profits from the sale from private equity funds.

In this regard, Chairman Bang Si-hyuk attended the police three times and was questioned.

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*This content was translated by AI.