HYBE CEO Min Hee Jin’s 12 rebuttals at the press conference: “Blackmailing NewJeans by holding them hostage…The slave contract is not true” – Kstyle

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HYBE has officially commented on the claims made by Min Hee Jin, the representative of their label ADOR.

Today (26th), an official press release states, “Regarding the statement made by ADOR’s representative at a press conference on the 25th, we will accurately convey the facts in order to protect shareholder value and IP protection.” An official comment was released.

The statement included “About the allegation that the seizure of management rights was a joke or a private conversation,” “About the allegation that financial compensation was small,” and “About the allegation that there was no reply to the whistleblowing email and an audit was immediately initiated.” ” “Regarding the claim that there was no guidance regarding the return of information assets” “Regarding the claim that he promised to let them debut as the first girl group” “Regarding the claim that he was told not to promote New Jeans when they debuted” “In response to claims that NewJeans is neglecting public relations” “About slave contract claims” “ESG management (a management method that emphasizes the environment, society, and governance)” “About the assertion that there was no attempt at dialogue” “About the assertion that the shrine maidens (Mudan, Shaman) are just friends” “Why at this time of comeback…HYBE values ​​New Jeans… 12 rebuttals have been written, including “About the claim that this is not true.”

At a press conference the day before, CEO Min Hee-jin claimed that HYBE was neglecting the promotion of New Jeans. In this regard, HYBE said, “HYBE’s communication organization is doing its best to promote NewJeans. Last year, NewJeans alone created and distributed 273 press releases. Even compared to BIGHIT MUSIC, which had a total of 8 groups and individuals, with 659 cases, and Pledis Entertainment, which had 4 groups, including SEVENTEEN, with 365 cases, it is difficult to claim that they were only neglecting New Jeans’ PR. Our PR will do our best to inform all labels and artists without discrimination.”

Continuing, in response to representative Min Hee-jin’s claim that “the non-compete clause in the shareholders’ agreement concluded with HYBE is in fact a slave contract,” she said, “The non-compete clause in the shareholders’ agreement is subject to the obligation of confidentiality. However, CEO Min mentioned this at a press conference: A non-compete clause is a clause required by the buyer to prevent unfair competition from starting in the same industry after a shareholder sells their shares. This is a common clause in any industry.”

He also said, “It is not true that he was tied up forever. Representative Min will be able to sell his shares from November this year, and if he sells his shares, he will be unable to do so from November 2026, when his service contract with the company expires.” It does not fall under the prohibition of competition.The company will be guaranteed a large amount of money, which CEO Min himself said, “Even if you do nothing, you will earn 100 billion yen (approximately 10 billion yen),” a condition that will allow you to convert it into cash and start your business from next year onwards. can’t be called a slave contract at all.It’s an extremely unimaginable remuneration condition for the general public.In addition, the Kakao Talk conversation that Representative Min had with his aides included a put option on January 2, 2025. It states that they will exercise the contract and exit.”

He continued, “In the case of the sale-related clause in the contract that Representative Min claims is a slave contract, there are differences in interpretation as to whether or not the two clauses have priority. In December of last year, they had already sent a response saying, “We’ll fix it so it doesn’t become a problem.” Although Representative Min said, “I’m not interested in money,” the main issue that sparked the debate was the scale of compensation. ” he added.

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