Min Hee-jin's meaningful SNS on the night he declared 'giving up 25.6 billion won'.."Please enjoy the music" [Star Issue]

*This content was translated by AI.

Min Hee-jin, former CEO of ADOR (currently OK Records CEO), continued his SNS activities after the press conference.

On the afternoon of the 25th, former CEO Min shared a song through his SNS story (the function of deleting the post after 24 hours).

The music he shared is "Music Manse," the title song of the same name from the album "Music Manse," released in September 2024 by the band's short story moments. Short Film Moments won the Best Modern Rock Album of the Year category at the 22nd Korean Popular Music Awards for the album.

The reason why former representative Min's selection is meaningful is that this day is the day he volunteered for an emergency press conference.

Former CEO Min 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.

At the meeting, he told Hive and Chairman Bang Si-hyuk, "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 my individual, but also NewJeans members, outsourcing partners, and employees from all over the ADOR, but also all complaints and accusations against fandom hurt by being caught up in the fight," he suggested.

We also hope that this decision to exchange a large amount of 25.6 billion won for other values will be sublimated into the overall development and harmony of the K-pop industry. "The place where Hive and I should be is not a courtroom, but a stage of creation," he said. "I suggest that our adults return to their original form of competing with music on the stage, not in court. The longer this dispute goes on, the more the artists who are the main characters of this industry are suffering together," he stressed.

He 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 said.

Regarding former representative Min's proposal, Hive has no separate position.

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 lawsuit against former CEO of ADOR Min Hee-jin to confirm the termination of the contract between shareholders 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 said, "It is regrettable that our arguments have not been fully accepted," adding, "We will proceed with future legal procedures such as appeals after reviewing the judgment."

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*This content was translated by AI.