Min Hee-jin Offers To Waive 25.6 Billion Payout

Former ADOR CEO Min Hee-jin on Wednesday offered to end all civil and criminal legal disputes with K-pop giant Hybe in exchange for waiving a 25.6 billion-won put option payout, she said at a Seoul press conference. The announcement follows a Seoul Central District Court ruling earlier this month that partly upheld the put option, though Hybe has appealed and obtained a stay pending appeal. Min said she wants to prioritize NewJeans' wellbeing over litigation.