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Min Hee Jin Offers to Forfeit Rs. 149 Crore from HYBE to Settle NewJeans Legal Battle
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Min Hee-jin offers to forgo Rs 149 crore from HYBE to end NewJeans legal battle
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Firstpost
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26-02-2026, 12:56
Min Hee-jin offers to forgo Rs 149 crore from HYBE to end NewJeans legal battle
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Former ADOR CEO Min Hee-jin offered to give up 25.6 billion won (Rs 149 crore) to HYBE.
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The offer is contingent on HYBE withdrawing all lawsuits related to the NewJeans dispute.
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Min Hee-jin stated her decision is motivated by the well-being of NewJeans members and to end the 'unnecessary noise'.
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The payment stems from a court ruling validating her right to exercise a put option for her ADOR shares.
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HYBE has not yet officially responded to Min Hee-jin's proposal, which could end a two-year legal saga.
Read Full Article on Firstpost in English
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