BLACK.Q has officially joined Min Hee Jin, the former ADOR CEO and current CEO of ooak records.
On February 25th, Min Hee Jin held a press conference at Kyowon Challenge Hall in Seoul to discuss her lawsuit against HYBE regarding her 25.5 billion won ($18 million) put option, the termination of a shareholders’ agreement and her future plans.
After winning the first trial against HYBE, Min Hee Jin asked HYBE to end all ongoing litigation in return of her forging the 25.6 billion won put option. She also voiced her support for NewJeans’ five members, including Danielle, and called for an environment where they could freely pursue their dreams. Min Hee Jin arrived six minutes late to the press conference and quickly began her speech. She left without taking any questions after reading her prepared statement.
Standing by her side was dancer BLACK.Q, who choreographed NewJeans’ hits like “Attention,” “Hype Boy,” “Ditto,” “OMG” and “Super Shy.” During the press conference, BLACK.Q closely observed Min Hee Jin and stayed by her side as she exited.
BLACK.Q had already shown his support by adding ooak records’ official account to his personal social media. Min Hee Jin is preparing to launch a new boy group under her new label.
On February 12th, the Seoul Central District Court ruled in favor of Min Hee Jin, dismissing HYBE’s lawsuit and validating her put option. The court also ordered HYBE to pay 25.5 billion won ($18 million). HYBE disagreed with the ruling and plans to appeal. Min Hee Jin later attempted to seize HYBE’s bank accounts, but the court rejected her request and granted HYBE a stay of execution instead.
Today, documents that ultimately led to Min Hee Jin’s court victory were revealed. These documents showed that Min Hee Jin had been planning NewJeans’ long-term activities, including a world tour for 2025. One document, a KakaoTalk message from April 15th, 2024, outlined a detailed promotional roadmap with plans for album releases, fan meetings, activities in Japan and the world tour. The court acknowledged that Min Hee Jin had planned NewJeans’ activities at least until January 2025, and HYBE failed to prove a breach of contract or her intention to take the group away.
>> Min Hee Jin’s $17.8M Trade-Off With HYBE: A Strategic Move to End the Legal Battle
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