The ongoing dispute between NewJeans, Min Hee Jin, and HYBE continues to heat up, with a new revelation shedding light on the potential financial implications.
A Billion-Dollar Buyout?
Should NewJeans decide to break their contract with HYBE without resorting to legal action, they would be required to pay a staggering ₩300 billion KRW (approximately $225 million USD). This massive sum highlights the significant investment HYBE has made in the group and the complexity of the situation.
The Heart of the Conflict
The current battle centers around Min Hee Jin’s removal as CEO of ADOR, the agency responsible for NewJeans. The group, alongside Min Hee Jin, are demanding her reinstatement, alleging that HYBE’s actions have negatively impacted their artistic freedom and creative direction.
The outcome of this dispute remains uncertain, but the potential financial consequences for NewJeans underscore the high stakes involved. The group’s future, and the future of ADOR, hangs in the balance as this complex legal battle unfolds.