Min Hee-jin offers to forgo W25.5 bil. payout to stop legal conflict with HYBE

Min Hee-jin, the creative force behind K-pop girl group NewJeans and current head of Ooak Records, called Wednesday for an end to the ongoing legal battle between herself and HYBE Labels, proposing that she forgo a 25.5 billion won ($18 million) payment if all civil and criminal litigation is dropped. Speaking at a press conference in central Seoul, Min opened by reflecting on her Feb. 13 victory in a put-option lawsuit over a shareholder agreement dispute with HYBE. “I express my respect and gratitude to the court for carefully examining the essence of this case over a long period of time and confirming it through its ruling,” she said. “It was truly a long tunnel.” She said the court had determined that what she described as "sensational frames" surrounding the dispute were unfounded and recognized that her concerns about creative ethics were matters of managerial judgment. Under the ruling, Min is entitled to approximately 25.5 billion won. However, she said she intends to exchange the monetary award "for another value." The sum, she described, was "an amount one may never enco