Summary
The former head of NewJeans' record label, Min Hee-jin, has offered to give up a large financial payout if the entertainment company Hybe drops its legal actions against the K-pop group NewJeans. The group has been involved in a conflict with their record label after a member's contract was terminated, leading to a court ruling that the group must honor their existing contract. Min wants all legal actions against the group and other parties to stop to let the artists continue their work without disruption.
Key Facts
- Min Hee-jin, the former CEO of NewJeans' record label, offered to forgo a $17.9 million payout.
- Hybe, a major entertainment company, sued NewJeans after terminating a group member's contract.
- NewJeans announced they would leave the agency after Min was dismissed in August 2024.
- A court ruled in October 2024 that NewJeans must honor their contract with the label until 2029.
- Min won a separate court case against Hybe over a financial disagreement.
- Min wants Hybe to drop all lawsuits against NewJeans, other involved parties, and fans.
- NewJeans gained massive popularity quickly, becoming the eighth biggest-selling act globally in 2023.
- Hybe has not yet responded to Min’s proposal.
