NewJeans could be fined 4,000 billion VND if they choose to side with Min Hee Jin and leave HYPE.

Facing family turmoil, NewJeans are showing their support for "mother" Min Hee Jin. This is worrying because the 5 girls' contract with HYPE still has 5 years left to end, and the fine if the contract is terminated will be up to 210 billion won (4,000 billion VND).

The conflict between HYBE and Min Hee Jin - CEO of subsidiary ADOR is not over yet. Statements were continuously made by both sides to defend their positions.

The conflict has a huge impact on the future of NewJeans. Many people were surprised when NewJeans was directly involved in ADOR's statements and chose to side with CEO Min Hee Jin instead of HYBE Group.

Faced with this situation, NewJeans' comeback plan in May is at risk of being affected or even delayed because both HYBE and ADOR have begun to appoint law firms for the legal battle that is expected to last a long time. Therefore, it is difficult for the company's operating department to operate, arrange performance schedules, and contact partners to carry out the group's upcoming projects and programs.

NewJeans' reputation is being negatively affected when they publicly agree with criticism of their juniors. Kpop analysts believe that ADOR's statement is insulting and has no relationship with the allegations surrounding illegal business practices that the company secretly carries out.

The public is worried that NewJeans will become a new version of the group FIFTY FIFTY - owner of the hit song Cupid.

In the worst case, if NewJeans wants to terminate the contract and leave HYBE with "mother" Min Hee Jin, a tense legal battle could occur. Thus, the scenario of FIFTY FIFTY with ATTRAKT repeats. And this is also the most unexpected ending. Not to mention the risk of being "blocked" by a large corporation, the fine NewJeans must pay to terminate the management contract is also a nightmare.

NewJeans debuts in 2022. Considering the contract term of a Korean idol group is usually 7 years, NewJeans still has about 5 years left working under HYBE.

According to Business Post, after 2 months since launch, NewJeans has completed paying all investments and receiving salaries. Taking into account the remaining contract term of 60 months, the fine for violating NewJeans' termination costs could be very large.

According to the Korean Fair Trade Commission, the penalty is calculated by the average monthly revenue over the past two years, multiplied by the number of months remaining in the contract. NewJeans' estimated minimum monthly income is about 3.5 billion KRW (equivalent to 64.5 billion VND). With the remaining contract term of 60 months, the fine the group faces is up to more than 210 billion KRW (approximately 3,900 billion VND). Regarding the investment that HYBE poured into to launch NewJeans, because the group has repaid it after a successful debut, this cost will not be counted.

Even if Min Hee Jin calls for capital from foreign investors, she will still struggle to complete the problem of "freeing NewJeans". Not to mention, litigation can last for years, meaning NewJeans' operations are frozen. Kpop is a vibrant market, one wave after another, a girl group can completely be replaced. In this case, NewJeans will definitely miss the golden time and advancement opportunities that HYBE has outlined. According to Min Hee Jin, the benefits outweigh the harm.

Recently, the official poster for the music festival "Weverse Con Festival 2024" jointly organized by HYBE and Weverse was released. Notably, NewJeans is the only artist in the group that does not participate in this event.

The audience all thought that this was the first consequence of the conflict between HYBE and the "mother of NewJeans" CEO Min Hee Jin. On the other hand, due to the absence from the "family concert", many fans also began to worry about NewJeans' future artistic activities.

"Mẹ đẻ" tính kế để NewJeans đè bẹp BLACKPINK, bất ngờ vỡ mộng, muốn hồi sinh Hoa Tuyết16:03:36 25/09/2024Cuộc chiến giữa NewJeans và HYBE vẫn chưa có hồi kết thì một chia sẻ từ mẹ đẻ nhóm nhạc đã khiến dân tình không khỏi bất ngờ! Nhiều người còn tỏ ra tiếc nuối khi cựu CEO bị cách chức.