On September 11, the Seoul Central District Court’s Civil Agreement Division 31, presided by Judge Nam In-su, held a hearing for Min Hee Jin and two others who filed a lawsuit against HYBE to claim stock purchase payments related to the exercised put option. The court also reviewed HYBE’s counter-lawsuit, which seeks confirmation of the termination of their shareholder agreement.

Min arrived at court by taxi, drawing attention with her understated yet stylish look—blue jeans paired with a checkered jacket, a light yellow knit top, a white eco-bag, and brown sandals. She wore her hair in natural waves and greeted cameras with a bright smile, though she declined to answer reporters’ questions before heading straight into the courtroom for what may be the final hearing.

The dispute centers on whether Min was entitled to exercise her put option. HYBE argues that she had already breached trust by allegedly planning to “take away NewJeans”, which, according to them, nullified the shareholder agreement and invalidated her right to the option. Min denies the accusations, maintaining that the contract had not been terminated at the time of her action and that she retains the right to claim the payment.

The case continues to draw public attention, with its outcome expected to have major implications for both HYBE and Min Hee Jin’s ongoing battle over ADOR and NewJeans.

Sources: Daum