Min Hee Jin projected that HYBE bring each cases to an extremity successful speech for her giving up nan 25.6 cardinal won she is expected to person done her put option.
On nan day of February 25, Min Hee Jin, CEO of ooak records, held a property conference, wherever she personally addressed nan result of nan first trial and ooak records’ early plans.
Hello. This is Min Hee Jin.
First, I would for illustration to definitive my deepest respect and gratitude to nan tribunal for taking nan clip complete this agelong play to analyse nan principle of nan lawsuit and for intelligibly confirming nan truth done its ruling.
From our triumph successful nan 2024 injunction proceedings to nan constabulary determination successful 2025 not to guardant nan lawsuit to nan prosecution, and now to this triumph successful today’s 2026 first proceedings sentence—it has genuinely been a agelong tunnel.
The tribunal has made clear that nan sensational framing of “a management-control takeover” and “tampering” was thing but an illusion, and it recognized that nan concerns I raised regarding imaginative morals were, arsenic nan caput of a company, morganatic guidance judgments I was duty-bound to make.
This result of nan suit felt to maine for illustration comfortableness that washed distant nan wounds of nan past 2 years. At nan aforesaid time, I consciousness a consciousness of indebtedness for nan fatigue I unintentionally caused nan nationalist passim this process.
Now, I intend to repay that indebtedness pinch a caller imagination for a caller era of K-pop.
The logic I americium opinionated present coming is to show you that I person decided to speech nan 25.6 cardinal won (approximately $17,856,000) I would person arsenic nan value of winning for thing else—something of greater value.
25.6 cardinal won is an tremendous magnitude that astir group could hardly ever travel into interaction pinch moreover if they devoted their full lives to it. And for me, having conscionable announced a caller beginning, it is besides an incredibly precious resource. But because location is simply a worth I desire acold much earnestly than this monolithic sum, I person called this property convention to make a meaningful connection to HYBE.
Of each nan reasons down this decision, nan NewJeans members are nan astir urgent and heartfelt reason.
In speech for relinquishing nan 25.6 cardinal won, I propose that we instantly halt each ongoing civilian and criminal litigation and bring each disputes to a complete close. This connection includes not only maine personally but besides nan NewJeans members, our outsourced partner companies, each erstwhile ADOR employees—and moreover nan termination of each title and accusation directed astatine nan fandom that has been drawn into this conflict and wounded on nan way.
Only erstwhile each of these ineligible disputes travel to an extremity will location beryllium nary further reckless sound and conflict—not only for nan artists but for their families and nan fandom arsenic well.
I tin nary longer guidelines by and watch nan reality successful which 5 members, who should beryllium happily connected stage, are forced into a business wherever personification is connected nan shape while personification other is successful nan courtroom. The members connected shape will suffer, and not only nan fans watching this unfold but nary 1 astatine each tin position this business pinch happiness. And pinch hearts torn to pieces for illustration this, you tin ne'er create bully culture.
As I person said galore times, location are galore values much important to maine than money. Now that my sincerity has been confirmed, I want to show nan world that location are values much precious than money.
I dream that this decision—to waste and acquisition nan tremendous sum of 25.6 cardinal won for different values—will beryllium transformed into broader advancement and reconciliation crossed nan K-pop industry.
The spot HYBE and I beryllium is not nan courtroom but nan shape of creation.
When I launched NewJeans, I had a imaginative vision. I’m profoundly saddened that I couldn’t spot it done to nan end—but precisely because of that, I inquire that nan existent ADOR make it a reality to support nan committedness mentioned successful court: “If NewJeans returns, we will dainty them well.”
Please create an situation wherever each 5 NewJeans members tin travel together and freely prosecute their dreams to their hearts’ content. Opening a way for nan artists to radiance again—that is nan only domiciled adults should beryllium playing.
To me, 25.6 cardinal won is not greater than nan worth of restoring a patient K-pop ecosystem and nan artists’ serene mundane lives.
Now, I dream each of america will do our champion connected our respective paths truthful that we tin connection fans an moreover amended stage.
I propose that we adults return to our due place—competing not successful courtrooms but done our abilities successful euphony and connected stage. The longer this conflict drags on, nan much nan ones who suffer together are nan artists—the existent protagonists of this industry.
HYBE and Chairman Bang Si Hyuk: now, let’s meet not successful tribunal but successful nan spot of creation. In an era erstwhile firm work has go much stringent—such arsenic pinch nan July 2025 amendment to nan Commercial Act—choosing reconciliation and removing consequence from nan intermezo manufacture will beryllium nan wisest guidance determination for shareholders and fans alike.
I will now return disconnected nan explanation of “former ADOR CEO” and locomotion a caller way arsenic nan “CEO of ooak records.” Going forward, I will move each of my power into nurturing caller artists who tin correspond nan K-pop manufacture and into building businesses pinch a caller direction.
To each members of nan property who came to this convention contempt your engaged schedules, convey you. I dream location will beryllium nary much wasteful property conferences aft today.
From now on, I will meet you not successful a property convention hallway and not successful a courtroom but connected nan shape of creation. And I will give myself to what I do best: imaginative work. I sincerely dream that my heartfelt connection coming is conveyed and that it becomes a turning constituent wherever nan full K-pop manufacture tin respire healthily again.
Today, nan KOSPI (Korea Composite Stock Price Index) collapsed done 6,000. I dream HYBE will springiness this proposal—so that we tin coexist and thrive together—serious and forward-looking consideration.
Thank you.
Earlier this month, nan Civil Agreement Division 31 of nan Seoul Central District Court (Presiding Judge Nam In Soo) ruled successful favour of Min Hee Jin successful nan suit she revenge against HYBE seeking costs of nan acquisition value for shares. The tribunal ordered HYBE to salary Min Hee Jin 25.5 cardinal won and besides to salary 1.7 cardinal won and 1.4 cardinal won, respectively, to 2 of Min Hee Jin’s adjacent associates—Mr. Shin, a erstwhile ADOR vice president and Mr. Kim, a erstwhile director—who had jointly notified HYBE of their workout of put options.
1 month ago
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