Min Hee-Jin offers to waive $20 million to end HYBE lawsuits

A KRW 29.25 billion court deposit landed on the exact same day Min Hee-Jin offered to give up every won if HYBE just stops suing everyone.

Min Hee-Jin dangles a bold swap offer

• Min Hee-Jin offered to waive her 25.6 billion won payout.
• Her condition demands that all litigation get dropped immediately.
• NewJeans members and fan communities were named specifically.
• Min addressed HYBE's Bang Si-hyuk directly at her presser.

HYBE moved to stall the payout instead

• HYBE deposited KRW 29.25 billion with a Seoul court.
• That cash secures a delay while appeals play out.
• An appeal got filed on February 19 over shareholder terms.
• Courts generally grant stays when funds are secured.

Backstory involves a messy corporate blowup

• HYBE audited Min back in April 2024 over ADOR control.
• Her shareholder agreement got axed by July 2024.
• Min was booted as ADOR's CEO by August 2024.
• She alleged the whole saga was whistleblower retaliation.

NewJeans got caught in the crossfire badly

• NewJeans declared their departure from HYBE in late 2024.
• The group lost an appeal blocking independent activities in June.
• ADOR filed a damages suit naming member Danielle specifically.
• Min wants that lawsuit killed as part of her deal.

Min closed her ADOR chapter for good

• ooak Records is her freshly launched label venture.
• The press conference took place in Seoul's Jongno district.
• Min framed it as choosing creation over courtroom fights.
• Seoul Central District Court had already sided with her.