Netizens Find Suspicious Links Between Min Hee Jin’s ADOR And THE BLACK LABEL

Online communities are buzzing after fans compiled a growing list of surprising overlaps between Min Hee Jin’s ADOR and THE BLACK LABEL, sparking speculation about an unseen link between the two influential powerhouses.

There are just too many coincidences linking Min Hee-jin and THE BLACK LABEL:

1. Park ○○ from Altos, whom Min Hee-jin is known to have met, maintains an especially close relationship with Saehan Venture Capital. Altos and Saehan have strengthened their cooperation through… pic.twitter.com/NrIdgBGZaW

— Aespann_jeans (@a1071364) December 2, 2025

1. Investment Ties Raise Eyebrows

Fans first pointed out that Mr. Park of Altos, someone Min Hee Jin is known to have met, maintains an unusually close connection with Saehan Venture Capital.
Altos and Saehan frequently engage in “twin investments” and have strengthened their cooperation through shared capital commitments.

In a twist that caught everyone’s attention, Saehan Venture Capital is the second-largest shareholder of THE BLACK LABEL.

2. Min Hee Jin’s Close Associates Now Work Under TBL

Some of the people most publicly associated with Min Hee Jin — including choreographer BLACK.Q and top stylist Choi Yumi — are currently both active under THE BLACK LABEL. BLACK.Q choreographs for MEOVV, and Choi Yumi styles ALLDAY PROJECT.

Fans note that these are not casual acquaintances, but individuals widely known as her core creative collaborators.

3. TBL Artists Increasingly Linked to NJZ’s Danielle

Another point fueling discussion: TBL artists Sean and Park Bo Gum have been repeatedly associating with and posting photos with NJZ’s (NewJeans) Danielle, giving her additional media exposure.

4. YG-Associated Stars Show Consistent Support for NewJeans

YG-related celebrities have also been unusually supportive toward Min Hee Jin’s group, according to fans. BLACKPINK‘s Rosé openly supported NJZ while Jennie took photos with them. G-DRAGON even liked a post on Min Hee Jin’s Instagram dditionally, NJZ members have appeared at 2NE1, BABYMONSTER, and G-DRAGON concerts and listening events.

5. Pre-Debut Appearances Strengthen Speculation

Fans pointed out that Tarzzan from ALLDAY PROJECT appeared in NJZ’s “Supernatural” MV even before his own debut, something usually only possible through strong cross-label connections.

And in perhaps the most eyebrow-raising development, HYBE sold its entire stake in YG PLUS, further intensifying fan speculation.

While nothing has been officially confirmed, the sheer number of coincidences has left K-Pop fans stunned — and questioning whether the relationship between the two companies goes deeper than people think.