Former ADOR CEO Min Hee Jin appeared on a YouTube channel live broadcast and spoke about the ongoing legal dispute with HYBE.
When host Jung Young Jin mentioned the lawsuit with HYBE and ADOR, Min said, “They filed many lawsuits,” adding, “While counter-suing, the number of lawsuits has increased and taken time.”
Regarding the exclusive contract validity lawsuit involving NewJeans (NJZ) members, Min stated, “That lawsuit is not mine, so I cannot comment on it.”
About the put option lawsuit related to the shareholder agreement, Min explained, “I received investment offers because they thought I had already received a large amount of money from HYBE (through put options),” but added, “However, I haven’t actually received anything yet.”
Min revealed the put option amount is approximately ₩25.6 billion KRW (about $17.5 million USD) and said, “I was offered 13 times the previous year’s operating benefit if I quit my job. It was similar in amount for stock options before the shareholder agreement, but it was later converted to put options.”
