The messages, which the news outlet claims are “accurately reconstructed,” seem to confirm many of HYBE’s allegations against Min Hee Jin and ADOR.
Lee: No matter how I look at it, terminating the members’ contracts is too costly. (We would have to leave behind all of their past albums and all the endorsements are tied to ADOR). But like you said, I think we can use that cost as a negotiating tool. What I mean is, no matter how high HYBE sets the price, we would tell them the price is too high and say that the costs of terminating their contract (₩600 billion KRW (about $439 million USD)) + cost of new contracts (₩100 billion KRW (about $73.2 million USD) + HYBE’s initial investment ₩20.0 billion KRW (about $14.6 million USD)) = ₩720 billion KRW (about $527 million USD) should be enough. I think this way we could meet at a price of ₩800 billion KRW (about $585 million USD).
MHJ: No, HYBE will also put a value on future earnings. It’s a relief that Bang Si Hyuk and Park Ji Won’s luck is horrible, lol. But that is why they will ask for over ₩1.00 trillion KRW (about $732 million USD). Hey they paid that much for a company that had nothing, do you think they’ll hand over NewJeans for ₩800 billion KRW (about $585 million USD)? Do you not have a sense of reality?
Lee: Hyung, have you heard of XXX investments? XXX is the name of its president.
PEF: No.
Lee: I guess it’s not well-known if you don’t know them. Thank you.
PEF: The name seems pretty shady.
Lee: I feel the same way.
PEF: Hey, I guess he has money. But does he have a lot of money Although I’m sure it isn’t enough to make the deal with you.
Lee: I think so. He nominated himself, lol. He says that an investment fund G** is very interested in Korean entertainment. According to him, it is going to be easier to find a financial investor than a strategic investor. He also says it will give us more freedom. He says a strategic investor will always look to influence the company to their gain while a financial investor will not try to influence as much as theirs and the company interests align. He says ideally we should find a financial investor that agrees with out strategy and then leave HYBE before growing the company to exit or do an IPO. I agree with him. He says leaving the company or terminating (NewJeans’s contract) would be unfavorable. He also says that it isn’t impossible for a minority stake holder, who runs the company, to defeat the parent company and majority stake holder to become the de facto owners. He says the most important thing is our will to not lose.
MHJ: That person seems to be in a cloud of hope (not very realistic).
Lee: Well, he also said that we need to hide our claws and endure, no matter how hard it gets. I thought the information was most important.
The messages have since sparked a fierce debate among netizens. Some pointed out to the fact that these messages had already been submitted to the courts by HYBE, and therefore they should wait for the trial verdict. Others felt this was proof that Min Hee Jin had colluded to leave HYBE.
“I think the executive ‘Lee’ is the only problematic one.
“Nothing has changed since HYBE’s first ‘amazing’ announcement. Are those debating it just stupid? Conspiring to embezzle is not a crime… Are we back in April? F*ck.”
“Weren’t these messages denied as evidence in court?”
“LOL.”
“Didn’t Min Hee Jin say she had sent all of these messages to the courts? Then we should wait for the verdict, why is HYBE doing media play?
“Min Hee Jin sent them all in.”
“But what was executive ‘Lee’s’ job title at HYBE before coming to ADOR?”
“What are you saying? Embezzlement is embezzlement. Do you think Min Hee Jin is tearing up HYBE to take out NewJeans because she’s a champion of K-Pop justice? You are the type of person that claims NewJeans should be freed because Bang Si Hyuk ignored them.”
“Figure this out in court. This is tiring, and it doesn’t help either labels or the artists.”
Disclaimer: The information contained in this article is based on reported news and sources believed to be reliable. However, we cannot guarantee 100% accuracy or completeness. Please consider this news for entertainment purposes only.
Saikat Nandy is an entertainment news writer who covers the latest trends and stories from the world of showbiz, has a keen eye for spotting the most interesting and relevant topics, and delivers them to his audience with flair and humor. He is also a freelance blogger, content writer, and website designer who loves to explore new technologies and creative ideas.
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