Min Hee-jin Suspicions of Investor Lies...Did Newzins know it or not? Until the end
Jan 09, 2025
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On the 9th, a media outlet reported that Min Hee-jin, former CEO of A-Door, tried to take Newzins out of A-Door by holding hands of outside investors.
According to reports, Park Jung-kyu, chairman of Dabolink, received a proposal to invest 5 billion won from A, the eldest father of a New Jeans member, in August last year when former CEO Min was the CEO of A-Door. Chairman Park handed over practical management rights to former CEO Min after A took over Dabo Link, and former CEO Min proposed a structure to secure funds for the entertainment business through capital increase.
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In April last year, former CEO Min was criminally charged by Hive on charges of professional breach of trust. Hive said it had found out the circumstances in which former CEO Min tried to take over the management rights of Audor, but former CEO Min dismissed the charge of breach of trust, saying "Comedy".
Since then, in November last year, suspicions have been raised that former CEO Min met with an outside investor, but former CEO Min heard that stories about receiving investment or signing a contract are spreading around the investment industry. I've heard that certain company names are mentioned, but all of these are not true at all. "I make it clear that I have never had contact or shared opinions with any place other than the company mentioned..." he nailed.
However, suspicions were raised against Min once again when he claimed that he opened his real name for the first time and suffered damage such as a drop in the company's stock price due to Min's lies. Min has yet to express any position on Park's claim.
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Newzins announced in November last year that it was terminating its contract with Adore. Since Odor violated the exclusive contract, there is no obligation to take legal measures or compensate for penalties, including an application for suspension of the exclusive contract, and the members' willingness to be with former CEO Min after the schedule is over.
However, Adore filed a lawsuit to confirm the validity of the exclusive contract, saying that the exclusive contract with Newzins remains valid. He also said he is preparing documents for Hani's visa extension, which is set to expire earlier this year as a dual Australian and Vietnamese citizen.
In this situation, if allegations related to former CEO Min turn out to be true, Newzins will have no choice but to be at a disadvantage in future exclusive contract disputes with Audor.
In any case, since the 39th Golden Disc Awards held in Fukuoka, Japan on the 4th have been completed, Newzins plans to conduct independent activities separately from Adore. The members are already drawing a line by using only the real names of the members instead of the names of New Jeans in CBS 'Kim Hyun-jung's News Show' and fashion magazine Hanbok pictorial. On the 5th, Yoo Jae-seok posted a gif on his/her own account Jeans4Free that showed him encouraging the members by "Submit New Year's mindset"in MBC "Infinite Challenge" `Whatever it is, whether it is or not, do your best, until the end.' As a result, attention is being paid to how the activities of non-Newzins will develop in the future.
silk781220@sportschosun.com
