"Newzins is on Mom's side"A powerful shot than Kakao Talk. What will Daniel's support have?
Aug 01, 2024
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CEO Min released Daniel's handwritten letter on his personal account on the 1st. In this letter, Daniel showed infinite trust and affection for representative Min. He "Our CEO who protected and cared for us with all his strength. You're our mom and you look like a really cool warrior! I feel reassured and grateful to have such an adult, such a wonderful person by my side! You know we're always on your side, right?" he wrote. "Whatever path I choose, I want to be with you."
The letter seems to have been sent by Daniel to commemorate the second anniversary of New Jeans' debut. At a time when CEO Min is in conflict with his parent company Hive, attention is focused on how the Newzins member's direct support for CEO Min will affect him.
First of all, as the member said 'Mother's side', representative Min seems to have won the public opinion contest. The Newzins fandom is taking group action by sending a wreath of condolence flowers to the Hive office building, saying, `Let's protect Newzins and Min representatives.' However, the general public's response was divided. Some view CEO Min as an icon of the struggle against giant companies, but it is only natural for an artist to thank the CEO of his agency for his debut anniversary, and it is not a special matter to see.
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Currently, Hive has sued Min on charges of breach of duty and other charges, saying he tried to take over the management rights of Audor, and its affiliated label, Le Seraphim's agency Source Music and Eilit's agency, Billifrap, also sued Min on charges of defamation, taking issue with his remarks such as `plagiarism'. CEO Min sued CEO Park Ji-won of Hive and others for obstruction of business, detection of contents such as electronic records, violation of the law on promoting the use of information and communication networks and information protection, and violation of the law on promoting the use of information and communication networks and information protection (defamation).
Representative Min was investigated by the police regarding the allegation of breach of trust, but the police said further investigation was needed. As other complaints are added, it is expected to take longer if the case is integrated and the investigation is conducted.
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It is true that Hive's stock price has shaken significantly since the outbreak of the Min representative incident. If Newzins, who has the best performance in the K-pop scene as well as Hive, is shaken, Hive will inevitably suffer.
But optimism prevails rather than pessimism. Although he is in conflict with CEO Min, as Adore is still a subsidiary of Hive, Newzins' performance is seen as Hive's performance, and even if something goes wrong and misses CEO Min and Newzins, it will not be hit hard. Last year, Hive's contribution to operating profit was 11%, and it is estimated that it will be around 14% this year. From Hive's point of view, although his stomach hurts, it's not a fatal injury. Moreover, there are many opinions that BTS, the heart of Hive, will be discharged from the military one by one, starting with Jin, and that Seventeen can make up for it as it is running on the brink of collapse.
silk781220@sportschosun.com
