NJZ Updates and Discussion

[wheat raft]

hope it never affects them tbh… poor nj

[ocean arch]

Okay we need a tldr bot

[bold sundial]

[cerulean sail]

Did you use google translate? I was translating everything myself but its probably easier that way

[bold sundial]

Should use chatgpt

Feel like is better than google translate

[jolly junco]

just wait, juantokki is translating it

better than use any AI translator

[cerulean sail]

I know that nickname

[snow turtle]

the goat

[bold sundial]

feel like this could be a k drama in the future lol

[ocean arch]

Imma wait juantokki translation

[cerulean sail]

I was thinking about vousmevoyez, It's Krystal IG handle

[jolly junco]

yes it is, i am her fans since her debut day

[ocean arch]

Koreaboo gonna make a hundred articles out of this

[zinc peak]

And pannchoa

[cerulean sail]

Number1 fan

A pleasure to meet you

[jolly junco]

thats how i know NJ, because of her

[cerulean sail]

Taste

[ocean arch]

Krystal mentioned nj?

[jolly junco]

yes when NJ debuted

[orchid field]

1tokki my goat

[jolly junco]

since she's friend with MHJ

[tardy smelt]

A'ight, I read it all, the texts are all about the workplace harassment thing and to show it was resolved peacefully. Her point is that the messages shown aren't enough to get the full picture of the situation because things don't happen solely in KKT, and that human relationships are complex. She urges to withhold judgement based on distorted facts, and that she has no will or energy to argue against this mediaplay anymore.

That's the gist of it

[jolly junco]

she's getting tired then? i'm afraid it has gotten to her mentally now

[snow turtle]

She said she's not giving up because nobody deserves this, dont worry

[cobalt zodiac]

One message removed from a suspended account.

[jolly junco]

i hope so... she need to clear her name because thats really unfair, how someone else exposed her private kkt. People are entitled to rant to her friends in private

[tardy smelt]

No, she's not giving up. It's more she doesn't want to waste energy debunking distorted facts, but she wanted to in this case because it concerned people she cared about.

[tired ingot]

I love newjeans from ador

[jolly junco]

yes Krystal was trending a few days ago because of her kkt leaked by dispatch

[cerulean sail]

So B and MHJ are pals? That's funny.

They sound on good terms at least

[arctic sky]

Oh really? I didnt know that

[hoary frost]

what happened?

[arctic sky]

mhj spill the tea with receipts on ig stories

[tardy smelt]

It's nothing damning for either side, the whole thing's basically an appeal to withhold judgement

She knows the texts aren't enough but it's the only thing she can tangibly show

[jolly junco]

yes Krystal fandom are angry because of that, i just hope they dont judge her only from a few kkt conversation without the whole context

[hoary frost]

anyways fighting ador nj mhj

we went from saudi gov, singapore and naver taking over ador to.....this yeah its just embarrassing atp

[echo scaffold]

can someone sum up tf has been happening in last 1 week

[cerulean sail]

The whole instagram expose, that was a complete non story, nothing happened

[echo scaffold]

source claims that mhj stole newjeans from them and she denies it?

is this all

[short laurel]

mhj took the trainee source promised to debut but discarded. is what happened

[hoary frost]

yeah, bunch of nonsense. they are doing anything to make mhj lose credibility to make her resign from CEO position

[hoary frost]

took is strong word. she was allowed to. was approved by bang and jiwon and now they crying like lil babies

[short laurel]

yea

[jolly junco]

source took huh yunjin from pledis too, did they stole her then?

[hoary frost]

hybe often shuffles trainees from one agency to another

[ocean arch]

They are just crying now because nj could have been theirs

[tardy smelt]

Shit happened, tune back in when there's movement in the court, so much shit is muddled rn

[brazen ice]

i genuinely think smthn personal happened behind the scenes cuz aint no way bruh

[hoary frost]

they crying bc nj is successful which they did not see coming at all

[brazen ice]

it cant be that. like actually no way its just "oh no successful group that isnt fully mine"

[hoary frost]

i hope hybe can go back to original point why this conflict started aka management usurpation. either prove it or quit it. the more they try to harass mhj with edited kkts, more public sides w mhj bc not even politicians privacy is invaded at that level

[short laurel]

it is. look at hybe gorups credit. all songs bang name

[short laurel]

even if somu launched NJ. judging by leaked videos. we they wouldn't have been the same. choreo, cencept, execution, everything would be different then.

[dry atlas]

from my understanding root cause is they just dont wanna pay mhj

[hoary frost]

yep. i think every sensible person's understanding is same. hybe-mhj contract negotiation failed, that means hybe does not want to pay her once she exercises put options in 2026 and they are not sparing her and nj in the process

[dry atlas]

is this navier

[hoary frost]

yes

[snow turtle]

wth another rebrand

[dry atlas]

ok i added notes now lol

[jolly junco]

translation is up now

[cerulean sail]

I read it all, there is nothing about sexual harassment and MHJ is on good terms with everybody.

[short laurel]

i hope bang money laundry in USA mansion is true.

[half goblet]

translating korean to english using gg translate is a pain in the ass bc of the different structure of a sentence

its so hard to understand the translation

[cyan rivet]

lol mhj cooked again

[cobalt zodiac]

One message removed from a suspended account.

One message removed from a suspended account.

[dry atlas]

https://x.com/newjiram/status/1818074513231241713?t=nIJON9B2NmI0K9GyGeMRiA&s=19

nil 𝜗𝜚 (@newjiram) on X

they’re defending HYBE & Source Music for erasing Garam from their documentaries because it’s “illegal and she’s no longer under contract” but they had no problem releasing videos of their underage trainees who are also not under contract with them and did so without consent?

Twitter · Jul 30, 2024, 12:01 AM

haha good point

[jolly junco]

*x https://x.com/MarkJP1008/status/1818302831562289482

[harsh dove]

@MarkJP1008 <t:1722352152:d>

[fluid folio]

mhjjjj

[jolly junco]

mark has write the whole translation in english

[hoary frost]

do they know korean or using translator

[cerulean sail]

I think they are super bunnies with super powers.

[half goblet]

that wording isnt from translator

pretty good translation

[bold sundial]

korean is so hard to learn for me, typing one sentence in Korean take me 5 min lol

[cobalt zodiac]

One message removed from a suspended account.

[opaque torrent]

there was not even sexual harassment. the department to report misconduct is called "workplace bullying and sexual harassment". her employee thought an executive didn't like her and was intentionally sabotaging her to push her out of ador, that's why she reported him.

[jolly junco]

hybe HR already declared "no charged" for that cases, but they use it against MHJ this time and did not disclosed that the cases already been solved

[waxen musk]

This whole thing has no relevance to anything, right? It’s literally just Hybe trying to hurt MHJ’s image through the press. Is that seriously all this is?

[dry atlas]

that is the relevance itself

they failed with the management takeover issue so they're now resorting to character destruction

[jolly junco]

it shows that hybe is trying everything they can to destroy MHJ image

[waxen musk]

How does destroying MHJ’s public image help their goals to get rid of her?

[half goblet]

its kinda crazy how this kind of thing is allowed to happen over there, they really have the power

[snow turtle]

huh

[jolly junco]

MHJ only need to endure this for 2 more years, i dreaded the days where MHJ already left ADOR and NJ is still under contract with HYBE

[snow turtle]

public opinion bad = people tell her to step down, pressure increases and she gives up

[waxen musk]

Clearly that’s not going to work.

[jolly junco]

they are trying to pressured her to resign

[dry atlas]

that or it affects the police investigation or court decision

no bias is impossible

there will always be bias

[waxen musk]

Have there been any shifts in public opinion one way or the other in Korea?

[ocean arch]

Maybe they are pressuring her to quit?

[jolly junco]

its not working because the GP doesnt believe in HYBE media

[half goblet]

im pretty sure the public opinion isnt on HYBE side, apart from the lunatics on twitter

[elfin pewter]

sry gp?

[jolly junco]

GP = general public

[snow turtle]

you are correct

[half goblet]

@s

[snow turtle]

h

[ocean arch]

Hybe only has army and illit fans on their

[jolly junco]

2 years is very long... i dont know if she can endure it if HYBE still attack her regularly like this for 2 whole years

[frozen bronze]

a lot of people think the protest trucks were sent on chaewon's birthday on purpose to be toxic towards lsf apparently

[opaque torrent]

i hope mhj makes lots of $$$ suing their asses off

[ocean arch]

Hypocrites

[jolly junco]

only international fans think like this, as far as i know the korean fandom of lssrafim doesnt think like that

[half goblet]

everything has to be about their idols, twitter stans have always been that delusional

[frozen bronze]

yea i think its not koreans

the disparity in korean and international public opinion through all of this has been very apparent

[ocean arch]

They army? also did the same on minji's bd too

[copper jetty]

Just wanted to ask can non Korean sign on this civil complaint or not? There was another one for cyber wreckers if I'm not mistaken.

[jolly junco]

thats how scary a misinformation/mistranslation can be for international fans, since they wont care to find out more if that person said the truth or not

the haters know this, thats why they keep doing it. Spreading misinformation to international fans

[short laurel]

N if u report the obvious misinformation n abuse on twter. Elon's twter says it's fine n within tos...

[jolly junco]

i think you need a korean phone number to register for the petition

[frozen granite]

Can someone make a TLTR?

[short laurel]

Tldr: hybe mediaplay with lies as usual.

[copper jetty]

Thanks

[jolly junco]

if you wait today or tomorrow, usually poppy will make one

[opaque torrent]

i think hybe has lost all credibility and people will stop paying attention to it

[jolly junco]

on korean GP yes, international GP? no

[elfin pewter]

I still remember the first chat log that I read spread on April 22.
I am not very sure with the source.
But that was mhj saying “bsh copy me create bts”. (later confirmed mhj never said that)
It's very clear that since day one, they want create the hatred toward mhj, (now the girls, also bunnies) from every fandom they have.

[short laurel]

people already have stopped paying attention. focus is on olympics.

[opaque torrent]

lol they're irrelevant anyway. it's not like mhj will understand their nonsensical viotrol lol

[frozen bronze]

bsh initially mentioned a ton of other groups with no proof, then mhj debunks all of it in the press conference saying none of the groups did anything wrong and people tihnk she is the one that brought them up in the first place and is dragging them through the mud

[opaque torrent]

babygirl just needs to win her lawsuits now 💅🏻

[jolly junco]

but the girls are aware of everything that happened on the internet, and thats not good 😦

[opaque torrent]

over time they will stop looking too... i mean when i started out in kpop twitter i had to be a part of every discourse, but now idc anymore. blocking is mental care

[short laurel]

intl thinks mhj did the mediaplay lol

[frozen bronze]

the things i read from some intl people is insane

[half goblet]

this entire thing has forced me to spend less time on twitter lol, thank you bang pd nim 🙇‍♂️

[jolly junco]

this is like an endless loop of hell

HYBE > pressuring MHJ for character assassination, in hope for her to resign on her own
Media play with lies > to brainwash international fans and makes fandom fighting each other > affect the mental health of bunnies > NJ might notice this too since they are active on the internet

[half goblet]

https://x.com/AboutMusicYT/status/1818262772502991125

About Music (@AboutMusicYT) on X

HYBE initially didn't like NewJeans' 'Attention', but ADOR still released the song.

• Their debut was a huge success, and they achieved three hits with Attention, Hype Boy and Cookie.

Twitter · Jul 30, 2024, 12:30 PM

[errant osprey]

Alright I’m gonna say this as respectfully as I can but y’all need to not take this personally

[half goblet]

damn could u imagine if mhj actually listened

[elfin pewter]

Pls?

[errant osprey]

This matter does not concern you as a person and I gotta say these guys might eat each other so just chill and watch the mess

[snow turtle]

[frozen bronze]

theres nothing wrong with discussing it

[dry atlas]

this is a place to vent

(when it's open lol)

at least for me

[frozen bronze]

plenty of things dont concern you and i as people

[dry atlas]

im sure it's useful for others as well

safe space something something

[snow turtle]

it concerns me because I love NewJeans from ador

[half goblet]

we are being put on a cliffhanger

[elfin pewter]

🥲

[half goblet]

im on the edge of my seat

[dry atlas]

stop edging!

just sleep

[snow turtle]

[half goblet]

WHAT

[placid rose]

WHAT

[orchid field]

stop WHAT

[jolly junco]

While you are right about that, imagine if no one is fighting along side you in this mess

If bunnies dont fight for NJ, they will be sad. And dont say that they wont know if we do or not because they do

[elfin pewter]

There were days I was up for all night

[errant osprey]

I guess you can say that sure

[twin cypress]

https://x.com/hurtsaz/status/1818318923609297242?s=46&t=hOVGXwY_fNI2l2NfO-DQkg

HURT SOTY 𓃹 (@hurtsaz) on X

that company does NOT respect the privacy of women at all.

leaked a SA victim’s case without her consent for mediaplay

stalked a female stylist all the way back to her house ALONE & took her personal belongings

leaked inappropriate videos of minors without their consent

Twitter · Jul 30, 2024, 4:13 PM

[jolly junco]

Fight is abit over i think, we are defending not fighting

I just hope they wont drag this the whole year 😵‍💫 and finish it ASAP

In court of course….not thru media

[orchid field]

every day i pray we can all be happy tokkis again

[copper jetty]

Police is taking their time..not saying that's a bad thing cause it's better to be thorough but they sure are taking their sweet time.

[elfin pewter]

Is there any fandom that has gone through this much I just wonder

[short laurel]

loona

[hoary frost]

need tokkis to not spread further misinformation tho lol its not even SA

[copper jetty]

Well... I can just say that ETA prepared us for this.

[snow turtle]

happy time was over january this year

[elfin pewter]

Huh January?

[cobalt zodiac]

One message removed from a suspended account.

[half goblet]

haha the terrorist allegations were just childs play

we are used to this at this point

[snow turtle]

minji kalguksu incident, first time she dropped out of the top idol rankings, and it only got worse from then on

[modern fog]

https://tenor.com/view/mib-men-in-black-will-gif-20590125

[snow turtle]

yes pls

[short laurel]

Even koreans confused why that incident is a scandal.

[copper jetty]

I forgot about those already. Please don't remind us

[snow turtle]

we had to wait like a month to see minji smile again, i'm still not over this

[orchid field]

fr

[elfin pewter]

I have no clue at all
What a good thing xD

[cobalt zodiac]

One message removed from a suspended account.

[twin cypress]

I don’t blame them though cause hybe lied it was sa and then there’s the language barrier

[copper jetty]

Yeah I was waiting for her phoning. She always calls then

[rose turret]

[snow turtle]

anyways, mhj win

[cobalt zodiac]

One message removed from a suspended account.

[snow turtle]

hwaiting

[rose turret]

-prayjeans

[tall dew]

[cobalt zodiac]

One message removed from a suspended account.

[snow turtle]

[elfin pewter]

Lol are u sure?
I thought I was tough before all of this

[half goblet]

it all started with cookie

its been happening since the beginning

[snow turtle]

yeah, this is just the first time we can really notice it

[elfin pewter]

Sry I read that wrong
You are correct agree lol

[arctic sky]

I think the only peaceful times we had only during OMG & Ditto era , those were the happy times.

[modern fog]

a more peaceful time is yet to come

[half goblet]

damn ditto was indeed a peaceful time

[arctic sky]

I remember we counted how many PAKs we had back then with dia

Good times

[half goblet]

wheres dia

[dry atlas]

https://x.com/juantokki/status/1818323131465154754?t=jk2a0WSTwFytQO9Y7sKiOQ&s=19

1tokki (@juantokki) on X

240730 MHJ instagram story

Hello, this is Min Hee-jin.

I understand that the ongoing conflict between HYBE and me has been causing a lot of fatigue.

As the person involved, I apologize. I have been going through a very difficult time and deep contemplation due to the recently

Twitter · Jul 30, 2024, 4:29 PM

🥱

[copper jetty]

You don't know that though. Not until that time comes. You're outfit could be iconic.

But I do agree. I think this would be the natural reaction. Also, this was blown out of proportion by Hybe by having it public. No wonder she was having a meltdown.

[dry atlas]

pome snoopy when

[twin cypress]

I want peace too but this ain’t going to stop until ador is able to leave hybe with newjeans cause hybe is dead set on removing mhj and if she is removed who knows how the members will react to the new management

Like the parents told the media that hybes og plan for life after mhj was an indefinite hiatus to find a “Grammy producer”

[elfin pewter]

So now mhj is explaining. But like who reported this case first? Can someone pls give me the link? just because I haven't seen it

[copper jetty]

This media play by Hybe makes me think though... how many times did they get away with this before, for them to be so brazen about it? Was the previous member of LSF also subjected to this? Were there others? This makes me so sad ngl.

[copper jetty]

I don't even know where the issue came from tbh. Was it included on the dispatch article?

[elfin pewter]

Was it? I don't think so. I read it in auto-translate didn't see it. Pls don't tell me to read that again 😬lol

[copper jetty]

I'm actually asking if it was in the dispatch article. I don't even want to read it. I'm not gonna tell u too either. I hope someone answers the question here cause I'm confused where that allegation came from too.

[cinder verge]

whats the tldr on mhj's story?

[snow turtle]

The texts are all about the workplace harassment thing and to show it was resolved peacefully. Her point is that the messages shown aren't enough to get the full picture of the situation because things don't happen solely in KKT, and that human relationships are complex. She urges to withhold judgement based on distorted facts, and that she has no will or energy to argue against this mediaplay anymore.

[cinder verge]

thank you 🙏

[snow turtle]

(i stole this text from alex, credits to him)

[cinder verge]

wait i still kinda dont understand tho. does this change anything about the actions mhj is currently taking against hybe or is she just addressing the media play

[snow turtle]

just adressing

[silent spade]

@elfin pewter @copper jetty Afaik it goes way back to the court trial where Hybe claimed that she has been mistreating her employees. The sexual harassment case itself was reported around march 2024. Later on Hybe then leaked Kakaotalk logs, first to that YouTube guy, and then more recently to Dispatch.

[copper jetty]

Thanks

[elfin pewter]

March wth

[twin cypress]

ador playing this perfectly let hybe continue to make mistakes to add to the case

[copper jetty]

I just want this to be over. Can we fast forward to NewJeans world tour and NewJeans winning a grammy already.
manifesting

-prayjeans

[tall dew]

[cobalt zodiac]

One message removed from a suspended account.

[mild mist]

Can we go further to the point where bang sihyuk resigns in disgrace?

[opaque torrent]

hybe tried to make an issue of this three times. once in a leak to the media, second to the wrecker youtube chanel and it finally took off once dispatch reported on it.

for the record, there was no sexual harassment. the media lied. it was a misunderstanding between two workers. one of the coworker reported first to hybe rather than mhj, which they concluded was no charge. once mhj understood the situation, she did what she said she did and they all reconciled.

[hoary frost]

https://x.com/soulsearchstina/status/1818363079710982631?s=46&t=lncf7vo09FEx5ZDvXg81LA

🔮𝔖𝔬𝔲𝔩 𝔰𝔢𝔞𝔯𝔠𝔥𝔦𝔫𝔤 𝔴𝔦𝔱𝔥 𝔖𝔱𝔦𝔫𝔞 (@soulsearchstina) on X

☽ NewJeans prediction ☾

Eclipses illuminate what we wish to keep hidden...
Before I continue working on the individual charts of the rest of the girls in the group, I wanted to write a few astrologically peculiar transits that I started thinking about.
Especially the

Twitter · Jul 30, 2024, 7:08 PM

[opaque torrent]

you can see how much context was missing https://x.com/domin8o/status/1818339025989910589

serendipity (@domin8o) on X

Do you see? The sentences I underlined are the only identical ones. Everything else has been intentionally manipulated. HYBE leaked illegal materials to Dispatch, and Dispatch and HYBE manipulated it intentionally to be unfavorable to Min Hee-jin. This is really crazy.

Twitter · Jul 30, 2024, 5:33 PM

[hoary frost]

bookmark sept 17. if its true, i will believe astrology

[opaque torrent]

i think hybe is running out of material if theyre recycling these

shakatak plagiarism case was reported in may and didnt take off - hybe leaked it to deflect from tws plagiarism

and now these kkts have been leaked before

we're probably gonna get a mhj dating scandal from dispatch on new year

[copper jetty]

Ok ngl this funny as heck. Bunnies relying on astrology, just like MHJ on her shaman. And here I thought we already dropped using tokkium.

[snow turtle]

what is this supposed to mean group's publicly visible 11H ruling over their community aka fans.

[hoary frost]

they're overlords , ruling us

[copper jetty]

I hope MHJ get that money when Hybe settles or gets fined.

Or maybe someone gonna get jail time.

[red thorn]

Good article, raised questionable points about hybe's audit
https://news.mtn.co.kr/news-detail/2024073013590440324

[copper jetty]

Nice article. Raises valid questions.

[buoyant hamlet]

this picture always trips me out like minji has three feet but its just that haerin has on the same shoes

[sly python]

💐

[dry atlas]

so we gotta hold on for another 1.5 months

i tried to read the earlier post from that account and i could not understand it

almost like alien language

[wheat raft]

lol the cyberbullying culture in kpop/knetz is incredibly toxic

[quick wadi]

https://x.com/bnpd722/status/1818460365363052740?s=46&t=VsbvELkNCgirMw8_X5n2-Q

버니즈프로덕션 (@BNPD722) on X

20240731 9시에 근조화환시위
시작했습니다 기사 사진+링크 첨부

[📢기사]

'어도어 죽이기 STOP, 뉴진스 네버다이'
➡️https://t.co/xRYddOMbl0

Twitter · Jul 31, 2024, 1:35 AM

Stop killing ADOR, NewJeans Never Die

[hushed whale]

NewJeans Never Die

[cobalt zodiac]

One message removed from a suspended account.

[heady gate]

Someone spent a lot of money on those flowers.

NJND = NewJeans Never Die

[rapid niche]

whats happening?

[red thorn]

bnpd
I thought it was bang pd account

[cobalt zodiac]

One message removed from a suspended account.

[dry atlas]

~t https://x.com/NJBUBBLEGUM/status/1818472244068458869?t=DhnBEA6TyscKvhq90XOmaA&s=19

[narrow seal]

240731 NJBUBBLEGUM Twitter Update
https://twitter.com/NJBUBBLEGUM/status/1818472244068458869
TRANSLATION

[jolly junco]

can't wait for the 2024 result

[opaque torrent]

there is no way any of these companies should be getting anything higher than an F for environmental 😭

[short laurel]

These rating system is not done properly anyways. Like kpop companies everything is F. In any other country like half the thing they do would be illegal

[jolly junco]

we cant really compare korean entertainment industry with another country, everything in korea must be perfect in the eyes of public... thats really harsh

[short laurel]

That's nit what i m saying.

[jolly junco]

who would have thought that you can get critized just because you didnt know about some food? or the way you eat? damn

no wonder they have a really high suicide rate 😦

[short laurel]

About that i m 100% sure it was purposely spread by hybe behind the scenes. Like I've seen so many Korean confused about how that was even a scandal.

[lucid yarrow]

any1 keep up with spanish sphere? i see a lot of these kpopdrama videos in spanish when i was just looking for fancams on youtube?just translating some of comments i already see its a warzone i mean the Jean drama was from there so i wonder if people are more pro or anti?

[wheat raft]

yeah thats so dumb, so many insensitive comments on social media lol

[copper jetty]

The messages on the condolence wreaths are hilarious.

[red thorn]

Roasted without honor 🌹

[vapid bronze]

This thread is open again...

[twin cypress]

Yea it only gets closed when people start calling people names lol

[short laurel]

The jeans group support nj. Music n concept are not even same. More like inspiration here n there.

[fierce cloak]

https://t.co/kfqumdoesq

pannchoa surprisingly have good translation of the whole thing, with statement from mark and chat translated by pannchoa with good tone

[orchid field]

https://tenor.com/view/ripbozo-rip-bozo-rest-in-piss-packwatch-james-worthy-gif-6906351621115625331

[hoary frost]

I'm curious what hybe will do if mhj wins in the end (tho im afraid of defamation lawsuits as the law can be exploited) . but hypothetically, if she wins, i wanna know what hybe will do esp about put options lol

its so obvious that they doing all this to discard her without paying her bc what they will have to pay may exceed ador's revenue

[twin cypress]

Im Mexican and I can tell you right now that there’s almost zero crossover between k pop fans and potential jeans fans. The truth is that jeans was a group forgotten in time until someone discovered them as a gatcha plagiarism moment against mhj in retaliation for her saying illit was copying newjeans. Anyone speaking on behalf of jeans is just using them to attack newjeans because the og jeans already came out and said there is no copying and that they support that newjeans is keeping the 90s culture alive

[fierce cloak]

i hope this pressure them to sell ador equity instead, because if they pay mhj at least 70-150 million usd in cash then they obviously dont have money at all - that's absurd money and hybe themselves constantly waste money on stupid investment or bsh embazzlement for his mansion(s) and constantly breeding new groups

this incident started with hybe accused MHJ breach of trust that she seek external investors (saudi arab, domamu...etc bullshit they made up) - but this action itself (if ever executed) is not illergal. And by giving all the public attention to the case and mhj constantly proving herself again and again as a dedicated creator for art & NJ with genuine intention and sincerity, and willing to fight tooth and nails to protect ador & nj, and so competent that build great success for NJ - it means after worldtour they value is over the roof. Plenty investors would be curious and interested in invest in mhj, ador and nj because they know this is golden goose.

[jolly junco]

is it possible for MHJ to use the money she get from exercise her put option, to terminate NJ contract with hybe?

[opaque torrent]

that was what her plan was

thats why hybe is so triggered haha

[jolly junco]

i cant imagine what NJ would become if MHJ left HYBE alone without bringing them together

[fierce cloak]

idk enough about legal aspect, but i assume NJ is sign with ador and ador do have the power to do it, however mhj and ador will be sued by hybe as breach of trust 🤔 also ador still hold all IPs of nj like songs and name, so it's tricky

[jolly junco]

but MHJ contract will be finished in 2 years, so she needs to leave ADOR as well

ADOR is still owned by HYBE

[fierce cloak]

which is why if hybe constantly attack ador and NJ directly, like leaking trainee video, they have more ground to counter hybe as the one breach of trust

[opaque torrent]

i think hybe also tried to frame it like she was greedy and was planning this for her own personal financial gain, but her plan was to have enough money to purchase newjeans and bring them out of hybe

[short laurel]

i remember reading that hybe has control over NJ contract and MHJ asked ot have that udner her control but didn't got it.

[short laurel]

only 80%. 18% is with MHJ

[opaque torrent]

oh yeah i forgot about the 'leave ador as an empty shell' part hahaha... that might get debated

[jolly junco]

i really hope that is the case

as for NJ IPs like all of their song, i think they can make something like what taylor swift did? NJ's version

[fierce cloak]

the tricky part for her is she own 18% of ador, if she able to sell it, it would worth 70-150 million usd, however within 18%, there are 5% locked and must sell back to hybe, and she can only do that if hybe agree to buy, then she got compete ban - basically locked in basement and cannot establish her own business for a few years
So basically she being trapped and treated like a slave now

But if hybe constantly attack her, maybe she have a ground to sue and break that contract, but she still priority to work with NJ first to complete her promise to them - world tour, albums, concept story...etc so she have not sue about the contract yet 🤔

[fierce cloak]

yeah that's basically their whole narration after presscon 1

[jolly junco]

i dont think 150m USD is enough to terminate NJ contract

[opaque torrent]

i love how at this pt, no one blames mhj for wanting to leave hybe anymore

[fierce cloak]

i think it's about making brand partnership deals, because hybe constantly stealling deals from nj, like LV case

[jolly junco]

for a "multi-labeled system" company, they are too noisy with their subsidiary company

yellow company need to learn from CJ Ent and Kakao

[short laurel]

oho yea

[opaque torrent]

yeah they had a lot of plans hhahaha i conflated this with the hostile M&A one, where they would seek external investors. THAT one is perf legal

[fierce cloak]

my hope is there is another big co-op that capable to buy out 80% of hybe's equity lmao 😂 if kakao wasnt having the legal issue now i wouldnt mind if they buy ador either lol

[opaque torrent]

the one about leaving ador an empty shell and exercising the put option is not lol

[fierce cloak]

yeah if any one can buy ador out, maybe CJ would be a good choice lol, they let companies do their own thing

[short laurel]

literally in all of it's subsidiary they got their nose in. failed system

[jolly junco]

kakao is actually a good parent company, they dont insert themself in subsidiary every now and then

[short laurel]

except for them delaying SM albums shipping by 1 week when they took over SM.

[fierce cloak]

BSH is a ||~narcissistic breeder||, he just constantly create more groups, neglect existed ones, buying more, involve in everything

[short laurel]

hey no name calling or chat will be closed.

[dry atlas]

ahahahaha

[quick wadi]

Namiko enlightened me with a good idea

[dry atlas]

https://www.cbc.ca/arts/commotion/what-s-going-on-between-hybe-and-newjeans-1.7279633

is this a good summary of the drama? react

[dry atlas]

reading mhj's doc-- the employee who's claiming SA sucked so much ass at work despite executive-level salary and incentives

https://docs.google.com/document/u/0/d/1QNLky478zRaEZswtWksKPu5v4bgL8N3oVnPbvobvNWs/mobilebasic

[dry atlas]

Min Hee-jin steps down from her position as CEO of Adore, “New CEO Joo-young Kim has been appointed” [Official]

https://www.newsen.com/news_view.php?uid=202408271558271910

Min Hee-jin eventually steps down from her position as CEO of Adore.

Adore announced on August 27, "We held a board meeting on the 27th and appointed Adore executive director Kim Joo-young as the new CEO."

The new CEO, Kim Joo-young, is a human resources management (HR) expert with experience in various industries and will take on the role of stabilizing Adore's organization and internal reorganization.

Regarding former CEO Min Hee-jin's future, Adore said, "He will step down as CEO, but will remain as an inside director of Adore and will also take charge of New Jeans' producing duties."

In addition, Adore said, "The internal organization will also separate production and management. This has been a multi-label operation principle that has been consistently applied to all other labels, but Adore has been the exception, with the CEO overseeing both production and management." He explained.

In addition, Adore said, "With this personnel and organizational reorganization, Adore plans to spare no effort in supporting New Genes' growth and greater success."

[rose turret]

[river pendant]

is that real?

[dry atlas]

yes

[clever quarry]

shit

[rose turret]

gg

[ocean arch]

[sweet sparrow]

[river pendant]

oh my god

[novel fiber]

like i said before, its probably best they finally came to a compromise, the outcome coulda been worse, hopefully this ends further controversies

[copper jetty]

Ooohhh

[river pendant]

[orchid field]

i guess this is the compromise... i agree that it could have been much worse but at least we get to keep the essence of a mhj produced girl group

[gaunt flame]

Fuck

[dry atlas]

question is

is Kim Joo-young one of the hybe directors

ah yes she is

she is hybe's CHRO

lee jae sang is now hybe CEO

[somber pumice]

Kms

[quick wadi]

can we immedataely lock this chat

[white arch]

whAt

[unborn arrow]

[dry atlas]

so it was 3v1 if mhj didnt agree to it

[white arch]

now what

[rose turret]

-newjeanslife

[tall dew]

[white arch]

https://tenor.com/view/monkey-anguish-despair-gif-13915908866750092639

[copper jetty]

Is there a newjeans cry???

[hushed whale]

[dry atlas]

[marble cape]

so shes still with newjeans tho?

[dry atlas]

yes

[white arch]

Oh

[quick wadi]

yes she will still produce

[sharp garden]

but not with the management part right?

[quick wadi]

shes in house director now

[river pendant]

oooh okay i get it

[white arch]

then why we crying

[copper jetty]

This is a compromise though. Management is not the same

[sharp garden]

what about our merch

[dry atlas]

at least she's not OUT OUT

[novel fiber]

yeah, hopefully this will cool down tensions on both sides, we'll see, there is so much bad feelings between mhj and the members towards somu, hybe, bangpd, its gonna be hard to predict how this will affect their future

[copper jetty]

Newjeans about to be overworked

[quick wadi]

i guess i got to reschedule my dm asking her about a job for ador.

[ocean arch]

They can still put nj in basement

[white arch]

https://tenor.com/view/monkey-anguish-despair-gif-13915908866750092639

[copper jetty]

Wait will newjeans be overworked or in hiatus???

[dry atlas]

mhj often mentioned that with her heading both production and management, she can do whatever she wanted regardless of the economics of it

i wonder how much this will change

[quick wadi]

Anyways for all of you guys just hearing this:

Production and management are now separate divisions at ADOR, MHJ will remain at ADOR as an in-house director and will continue to produce for NewJeans

[dry atlas]

what

[orchid field]

yea we did see ador profit not as high with revenue thats more than other labels

[copper jetty]

Goodbye ot5 poca

[somber pumice]

who ready for one pc album pulls 🔥

[dry atlas]

hahaha they wont do gacha pulls

hahahaha

they wont

[somber pumice]

hype

[dry atlas]

right...?

[gaunt flame]

Fuck you

[somber pumice]

are you hype for it ibob

🔥

[gaunt flame]

I will hunt you if they really do gacha album

[sharp garden]

so you are the one who stole all the pc

[unborn arrow]

thats not happening

[orchid field]

dont say that wtf

[abstract mist]

glad to hear this. the creativity wont be effected i guess

[vapid bronze]

Ah, this thread is open.

[novel fiber]

this line from the presser, not sure if it translates well in eng, but in the kor, it implies that hybe will be taking back control of management of ador, but leave freedom for production creatives, etc, to mhjs team

[quick wadi]

whos READY for Supernatural (remixes) 🔥

[gaunt flame]

Ok my wish is they really will release album this year and world tour next year

[orchid field]

the hybe special

[somber pumice]

Yeah

😬

[marble cape]

so if shes not ceo anymore does everything she do gotta be approve by the new ceo?

[quick wadi]

im going to take ibobs permission to speak in here

[gaunt flame]

Tf

Remove my cooldown instead, this is a pressing matter

[rose turret]

Pls make it quick

[novel fiber]

wonder if mhj will do another press conference again lol

[abstract mist]

we just want to know the new ceo is her good or bad. no idea about her

[hushed whale]

a statement would be enough

[hoary frost]

its over. she was probably voted 2 vs 1 in board meeting lol

[jolly junco]

does this means the new CEO will manage NJ schedule??

[dry atlas]

we dont know specifics but ill assume that falls under mhj role

[sharp garden]

everything needs to go through the new ceo i guess?

[wheat raft]

damn

[hoary frost]

oh please. that what hybe says for all their labels yet they all follow same pattern

[novel fiber]

guys its a thread for discussion of breaking news, slowmode for 15s really?

[wheat raft]

but ok mhj is still closely in charge of producing and shes still close to nj so i think its still good

as long as they dont get oppressed

[marble cape]

hopefully the team they had with the girls stay?

[dry atlas]

it's the slowmode of njchat, it applies to all threads under it

[vapid bronze]

NewJeans will NOT get the fromis_9 treatment.

[jolly junco]

i just hope they dont change NJ schedule to overworked them like their other idol in another agency.....

[novel fiber]

yeah def a lot of PR messaging, they obvs want to sound very calm and reasonable, and say nothing to scare shareholders

[copper jetty]

Will MHJ still be able to exercise her put options with this though??

[marble cape]

eh at least the new ceo is a girl i just hope shes not like…

[copper jetty]

Not like what?

[quick wadi]

Good this was an ADOR notice and not a hybe notice

[marble cape]

like bang pd and the other ceos of those labels

[jolly junco]

i love this schedule of NJ, where they got holidays in between their work

they spend time with family and more time with phoning

[novel fiber]

with hybe its always been a balance, of a) bang pd super pissed with mhj and wants her out and b) mhj is just too good at her job and severe actions could cause their stocks to plummet

[marble cape]

where was this posted on the phoning app?

[quick wadi]

im a little skeptical still so lets just see how this goes..

[dry atlas]

yeah lol

[wheat raft]

reminder guys no name calling or attacking in this thread

[quick wadi]

source is pinned

[copper jetty]

Also whatever happened to the injunction that MHJ shouldn't be voted out of the CEO position??

[hoary frost]

no difference whatsoever currently

[quick wadi]

that is not true

[novel fiber]

ador sent out a press release to the kor news agencies

[hoary frost]

hybe's person took over management lol what difference does it make whether hybe announces it or ador. the result is same. ador announcing makes it less hostile

which is smart from their side

[dry atlas]

is this navier

[hoary frost]

ay

[dry atlas]

ok

[gaunt flame]

MHJ still managing newjeans production is good enough for me

[novel fiber]

it was to delay the shareholder vote, there was no way to totally avoid it, it was just ot give mhj time to try to gather forces and convince board to keep her as ceo, so now vote finally happened

[gaunt flame]

[dry atlas]

at least it wasnt kicked out of ador

silver lining something something

[vagrant marlin]

I’m guessing she might do another 3 hour press conference?

[jolly junco]

yes, but everything need to get thru CEO approval.. so....... no comment

[dry atlas]

honestly prefer she just keep quiet and do her work

any presscon sounds so hostile rn

[abstract mist]

but its so unfair. the one who created NJ got stepped down.

[dry atlas]

she's still producing nj

[quick wadi]

can we get a background check on this new lady

[somber pumice]

She’s a hybe fed

[gaunt flame]

well at least i know there's a reliable person will still be there supporting and fighting for newjeans even tho there will be extra procedure for everything

[river pendant]

where'd she come from lol

[hoary frost]

she was HR in pubg company or something

[copper jetty]

Yeah but until when? And everything needs to be approved first so... idk how that would be

[novel fiber]

yeah if i was a shareholder and i read that, i would not be very reassured lol

[jolly junco]

she is from the HR department of hybe? LOL something is not right here.. MHJ and that employee B

too many coincidences

[dry atlas]

she's hybe's chief HR officer

[eager hamlet]

whats that

[abstract mist]

so sad for our goat MHJ. Someone else do the job, someone else got the name.

[novel fiber]

as a person who has worked in multiple big companies and having to deal with many hr managers, i am having lots of doubts now..

[dry atlas]

just stay optimistic, stressing about this will do you no good

[marble cape]

wait is it a man or woman? i saw someone tweet say its a man

[copper jetty]

Same. I mean, I don't work for HR but encountered shady HR persons

[wheat raft]

same, thats the most important

newjeans should stay as newjeans

[wheat raft]

true

[copper jetty]

The thing is would management allow newjeans to stay as newjeans

That's the big question now

[dry atlas]

RIP

no more cash

details on her shareholder contract and its termination
https://www.topdaily.kr/articles/98841

[knotty valve]

God I just hope the girls aren’t overworked like crazy. I want their schedule to still be having decent breaks so they can rest well with their families.

This news kind of scares me though

[quick wadi]

https://x.com/juantokki/status/1828333824859873514

1tokki (@juantokki) on X

Kim Jooyoung (new ADOR CEO) is one of the 3 new board members Hybe appointed in the extraordinary board meeting held in May 31st.

Twitter · Aug 27, 2024, 7:28 AM

[river pendant]

i hope their new album doesn't get affected by this

[shut kelp]

i think it is a guy

[dry atlas]

she's a woman

the news articles have pictures

[shut kelp]

😭 oh brother

[knotty valve]

Damn with this news I do wonder if MHJ will keep quiet, cause shoot I’d be pissed if my money gets pissed away just like that. Unless she got a compensation package to step down which is unlikely.

[dry atlas]

ehhh maybe but she publicly said she doesnt care about the money

she just wanted to be left alone with nj

[knotty valve]

In this case then would management approve MHJs producing decisions. I sure hope so at least.

[valid sierra]

Cant wait for the supernatural sped up version

[gleaming scarab]

[ocean arch]

They should if they want to make money off of nj

[jolly junco]

wtf how??

[tired ingot]

at least she still in newjeans, that's enough for me

[jolly junco]

she wont be able to show the best of NJ if the new management reject her idea left and right

[copper jetty]

Newjeans isn't going on a hiatus with this right??? Right????

I'm scared

[wheat raft]

just hope after this drama nj will stay free of dramas and unnecessary hate, esp from social media like reddit or twitter lol

[jolly junco]

is there a loophole in her shareholder contract? how can hybe terminate the contract just like that

[gaunt flame]

Guys, i know this news is really shocking, but let's don't worry too much about newjeans future, MHJ still working at ador and i believe she will taking care of newjeans. So lets wish for the best and keep supporting them regardless what happens. #NewJeansNeverDie

[wet jewel]

stfu

[river pendant]

no lol they are working on the album rn correct me if im wrong

[ocean arch]

I think they only mentioned hiatus because they wanted to scare nj and mhj .now the she stepped down they won't put nj into hiatus . hopefully

[shut kelp]

i just hope we don’t see “hitman” bang in the song credits 😭

[knotty valve]

Yeah that’s what I’m confused about, cause like she’s had a whole contract and injunction to let her stay till her contract is over. What is it this easy to just cut her contract like that?

[abstract mist]

exactly. she even said before hybe upper mostly reject when MHJ proposed 250 as a NJ producer.

[novel fiber]

this really is just a chance to discuss what happening, let out some thoughts and frustrations maybe, but its not like we can change anythin, so def dont get too worried about it, what happens will happen

[shut kelp]

thats all i ask for get him away from the girls 🙏

[jolly junco]

really? hybe rejected 250 before? he is a great producer

[strange venture]

[abstract mist]

yes the reason because 250 sounds old school and they dont like it haha

[jolly junco]

ugh i'm getting headache

[novel fiber]

i suspect what won't show up in the news, is all the staff that were supportive of mhj, that hybe will fire, they pretty much packed the board with hybe loyalists so they can enforce changes

[silent spade]

Without the put option dilemma I don’t see any reason for Hybe to stifle her and the group anymore. She’s has already shown what she can do with NewJeans. Unless they’re petty, then ig they will get rid of her completely in the foreseeable future.

[cosmic dagger]

ggez guys

[shut kelp]

is this confirmed tho?

[sage pilot]

not to be overly pessimistic, but i don't see this going well. it seems like mhj lost most of her power (if not all of it) and nothing good comes from hybe

[frozen granite]

Are we ok though? Like genuinely what’s going to happen to NewJeans ??

[jolly junco]

did she step down willingly or she got pressured/threaten to do so?

[hushed whale]

we dont know i think

[jolly junco]

for once i agree with this, everything will change with the new CEO

[novel fiber]

i really dont think we have to worry about the members too much, hybe has a self interest for them to keep succeeding, and not to ruin their image, it would be different if nj wasn't as popular as they are, so in a sense as long as nj has a huge fanbase, hybe will limit their actions i think

[dry atlas]

if newjeans wasnt as loved and as big as they are, this drama wouldnt have gone past april lol

[jade jolt]

Hello i just came here why did she just left so sudden i thought she wasn t going to leave nj and now that she left will newjans go in hiatus im really worried now can someone explain how did she just suddenly leave?

[sage pilot]

i personally think she was pressured since it's hybe, also considering they terminated her shareholder contract. for now it's seems like hybe overpowered her tremendously

[jolly junco]

do you think they will favor their other GG than NJ? like giving the best resources to other GG first then give the left over to NJ?

[proud flax]

WE CAN YAP AGAIN

[silent spade]

[novel fiber]

the board had a vote and appointed the new ceo

[jolly junco]

yeah right.... "the board"

[jade jolt]

Is the new ceo part of hybe?

Omg why did she do it

[jolly junco]

might as well tell the whole world HYBE voted, the whole board consisted of HYBE person

[jade jolt]

Im. Really sad

[frozen granite]

How is everyone holding up ? Its a sad day in tokkiville

[jade jolt]

Not good i just hope nothing bad will happen to nj

[dry atlas]

details of the board meeting
https://www.hani.co.kr/arti/culture/culture_general/1155582.html

[eager hamlet]

ts just ruined my whole year ngl

[jade jolt]

The news is so sudden

I thought everything was going really well for her???? Why did she step down

[dry atlas]

sounds like she was voted out, she didnt step down voluntarily

[frozen granite]

I can’t believe this

[abstract mist]

we only hoping the new ceo got same vision and vibes with MHJ thats all. but in reality when new CEO is a women and from HR its GG already.

[wheat raft]

i hope they dont vote her out of the company

[jade jolt]

Is this even allowed?

[sage pilot]

save us shin sejong lawfirm lol

[novel fiber]

this is a good point, and its kinda scary, like this situation will probably put hybe gg fandoms against each other more.. cuz ppl might think hybe will try to like make illit their main group or something.. but i dont think hybe would purposely try to sabatoge nj, especially since they are too valuable

[quick wadi]

there goes our MV for every track

[hoary frost]

This is real?

[wheat raft]

we gotta keep it valuable by supporting nj

[jade jolt]

And why now i thought the war was over

[dry atlas]

i edited with link

[hoary frost]

Thx mel

[copper jetty]

No... not really... it was silent but it was very much still on

[unborn jewel]

we just gotta wait and see how this plays out

[copper jetty]

Ngl, with the murakami article a while ago... kinda had a feeling that something was about to go down

[valid sierra]

the new CEO is from krafton (PUBG maker). its good that they separated the producing team i guess

[frozen granite]

Is the new appointed ceo good? Or is she brainwashed by BSH??

[jade jolt]

What was the article about

[outer bone]

Did she step down to stop the investigation hybe has on Ador?

[outer bone]

Isnt that one of the board of directors hybe appointed

[knotty valve]

God that would suck so much. One of the main reasons I got into them was their storytelling was top notch through their mvs. Like every other girl group felt basic af.

[hoary frost]

she did not step down on her own

[dry atlas]

https://www.joynews24.com/view/1757148

[copper jetty]

She didn't step down... she was voted out

[dry atlas]

cant they talk to just one site

[jolly junco]

not good actually, if the management cant see how the production team see their "product", they can reject the proposal and change it

in order the create the best and perfect "product", the production team and the management team must have 1 vision

[outer bone]

Oh wait really? Did hybe do that meeting they called for in like April?

[jade jolt]

But i wonder why they kicked her out now if they wanted to kick her shouldn t they have done it when the fight was more heated month ago

[copper jetty]

They did

[novel fiber]

Its gonna be pretty diff, mhj was a creative brand director, what she was good at was having visions for concepts, understanding the market, bringing ideas to life.. and hr manager makes sure ppl get paid on time, don't all take vacations at once, and don't complain about the company.. to me at least, this appointment says they just put in someone that would relay hybes ideas..

[hoary frost]

Weird to see mhj out after so long, pray tat it doesnt affect the direction of the girls album

[sage pilot]

why did hybe have to do that before nj1

[dry atlas]

this was via a board of directors meeting, not a general shareholders meeting like they wanted in april

[hoary frost]

public support cooled down esp after employee B case. now they can get away with it. its funny they are appointing HR head who was also responsible for employee B's case

[jade jolt]

Is she still the creative producer?

[hoary frost]

Mhj is still in ador just no longer ceo yea?

[timber shell]

yes

[jolly junco]

i'll just wait for MHJ to update her story with NEWS regarding her stepping down as CEO, there might be more stories to this that the media did not cover

[outer bone]

I’m probs wrong but iirc Hybe requested a big Board of director type meeting a while ago and I think that kept getting postponed until it couldn’t be anymore

[royal tiger]

In a phone call with the Hankyoreh, Lee Sook-mi, a lawyer at Shin Sejong Law Firm, who is former CEO Min's legal representative, said, "The appointment was made unrelated to former CEO Min's wishes," and added, "We will make an official statement after future discussions."

[hushed whale]

yeah no statement from her yet

[outer bone]

With the new ceo will they kick out the remaining BOD that advocated for mhj?

[jade jolt]

Is this going to affect the girl in any way are we talking about a hiatus here i hope this won t affect their songs albums concepts etc

[copper jetty]

Are u guys ready for 1 poca per album??? Cause I'm not... I'm not thrilled at all

I hope they don't do gatcha

[dry atlas]

those guys are already out lol

BOD is full hybe crew

[outer bone]

Seriously😭

[copper jetty]

No wonder she got voted out

[outer bone]

Bruh is this why nj1 isn’t happening this year

[copper jetty]

If notice for bod meeting was last week... I remember dani being sad and down.... was it because of this??

[sage pilot]

watch hybe just fire mhj next bc she's like a regular employee now lol

[jolly junco]

it has to happen this year if they want to make it for world tour next year

[tired ingot]

NJ live weverse soon, bye2 phoning

[outer bone]

Possibly bc she was the one who said they didn’t have anything planned this year on live

[novel fiber]

they apointed his sister!?

[sage pilot]

it's interesting how the articles says 'stepping down' like she did that willingly when in reality mhj was simply voted out

[outer bone]

Fuck oh my goddd

[outer bone]

DOES THIS MEAN NO MORE FORTNITE COLLAB????

[hoary frost]

mediaplay to make it look like peaceful handover

[silent spade]

I suppose it’s because that’s how it got relayed by Ador directly, Ador which obviously isn’t run by MHJ anymore

[frozen granite]

Jumpscare

[unborn jewel]

theres no reason for me to live

[knotty valve]

I hate this mofo with a passion lol.

[novel fiber]

stay positive fam

[outer bone]

If I can’t hypeboy emote then what’s the point

[unborn jewel]

at least i got to do it in pubg

[jolly junco]

amen

[sage pilot]

precisely

[jolly junco]

lets just wait from MHJ lawyer statement tomorrow

[quick wadi]

is that an invite to close the thread!

[proud flax]

yes no more YAPPING

[copper jetty]

Wait i remember fortnite collab got rescheduled to next year too... even the snoop dogg and other collab got rescheduled.

[gaunt flame]

bye2 thread

[unborn jewel]

i need to be able to crank as danielle

[shut kelp]

btw what happens to her ador stocks?

[novel fiber]

hopefully things stabilize, the girls apre probably very disapoinnted

[hoary frost]

disappointment is probably understatement

[jolly junco]

terminated by hybe

[short laurel]

Bye chat

[hoary frost]

they will probably restrict her in every way and force her to resign completely

[neon kelp]

oh damn this channel is back

[unborn jewel]

its not over yet

[hoary frost]

her contract is up in 2026 too

[fierce cloak]

I dont understand how hybe can easily terminate her contract and 18% stocks? Does this mean she no longer being enslaved to their basement, and if she being fired or quit she can establish her own company?

[outer bone]

Man

[hoary frost]

it was bound to happen but this probably jeopardizes all nj plans tbh. esp major plans like world tour which needs management involvement

[dry atlas]

chill with the doomposting

[hoary frost]

🤷‍♀️

[sleek crest]

woah..

[fading forge]

what in the world just happened

[novel fiber]

mhj has been replaced as ceo

[jade jolt]

Dani looked fine to me tho in her latest live

[rapid niche]

gg. are we finish now?

if yes, i will hop to another group.

[dry atlas]

Min Hee-jin's side "Dismissal of CEO, serious violation of contract...no consultation on NewJeans production" [Official]

https://isplus.com/article/view/isp202408270231

On the 27th, Min Hee-jin, former CEO of Adore, said, “On the 24th (from the Adore board of directors), I received a surprise notification that a board meeting would be held on the 27th due to a change in CEO, so I attended the board meeting by phone that day.” She then claimed, “A resolution was made unilaterally to dismiss the CEO, regardless of former CEO Min’s will,” and “This is a serious violation of the contract between shareholders.”

In addition, former CEO Min said, “The company announced that former CEO Min Hee-jin will continue producing NewJeans, but there was no consultation with former CEO Min, and it was a unilateral notification,” adding, “Former CEO Min’s position is being considered and no decision has been made yet.” “He said.

Earlier this afternoon, Adore held a board meeting and announced that Executive Director Kim Joo-young was appointed as the new CEO. Adore then announced that former CEO Min Hee-jin will step down as CEO, but will remain as an executive director of Adore, and will also continue to handle New Jeans producing duties.

Adore said that, like other labels under Hive, Adore will separate production and management.

However, as former CEO Min Hee-jin is protesting against this resolution of the Adore board of directors, attention is being paid to whether this situation, which has been going on for five months, will reach a second round depending on how former CEO Min decides to proceed in the future.

sounds like she wont go down fighting

[dry atlas]

Min Hee-jin, "Dismissal, surprise notification of illegal decision... Termination of contract between shareholders is also not true." [출처:중앙일보] https://www.joongang.co.kr/article/25273627

sigh

ador vs mhj now

[dry atlas]

[Exclusive] Min Hee-jin “I have a plan too… “Once in a lifetime”
https://www.ichannela.com/news/main/news_detailPage.do?publishId=000000429665

Former ADOR CEO Min Hee-jin, known as the 'mother' of the group NewJeans, said about her dismissal, "I also have a plan."

Former CEO Min said this in a phone call with Channel A today (28th), saying,** “Working with HYBE right now is bad in itself.”**

Previously, ADOR, a label under HYBE, the agency of NewJeans, held a board meeting yesterday and announced that Kim Joo-young, executive director of Adore, was appointed as the new CEO. Representative Min was suddenly dismissed.

Former CEO Min said, “I also want to win, so I need to set a precedent so that we don’t get hit like this, but we’re all going to get hit by HYBE all the time.”

He then expressed his will to respond, saying, “That’s why I’m willing to give it a try.”

Former CEO Min said in an official statement this morning, "This decision to dismiss the CEO is a violation of the contract between shareholders and an illegal decision that ignores the court's decision."

analysis(?) https://www.newstree.kr/newsView/ntr202408280010

[dry atlas]

[dry atlas]

https://x.com/yuijeans/status/1829015997497651578?t=pTxUH_ickcCJUE5hVWLNLg&s=19

Yui (@yuijeans) on X

Oh, so I'm in debt, but I have a label that's worth about $100M right now. I need to accuse the CEO of breaching something so I can buy her 20% shares for cheap. Then, I can sell the label without any cost on my part, and voilà—I could pay off my debts!

Twitter · Aug 29, 2024, 4:39 AM

is there truth to this or is he yapping

[wet jewel]

[gleaming scarab]

[dry atlas]

https://x.com/juantokki/status/1828968929181798644?t=H16LE0K4fWoYEoJHZjfTlA&s=19

1tokki (@juantokki) on X

Min Hee-jin: "HYBE's Notice of Termination of Shareholders' Agreement Holds Liability for Damages"
https://t.co/6J0wW0oqHW
Reporter Lee Sun-myung

Min Hee-jin, the former CEO of ADOR, has expressed her position regarding the termination of the shareholders' agreement with HYBE.

Twitter · Aug 29, 2024, 1:32 AM

funny if it actually backfires like this

[jade jolt]

We need mhj to fight back

[gaunt flame]

https://x.com/Daepunimarchive/status/1828648619437948979

Read this thread if you're interested with the HYBE debt thingy, but it's in korean

mhj아카이브 (@Daepunimarchive) on X

그럼 여기서
5. 현재 주주간 계약 해지가 무효가 될 가능성이 높은데 민희진의 손해는 어떻게 하냐?
-> 아마 민사상 손해배상을 걸겁니다. 그런데 대한민국이 손해배상금 책정이 짠 편입니다. 특히 njs 해외투어의 경우 그 액수가 산출된 적이 없으니 더 까다롭겠죠. 하이브 입장에선

Twitter · Aug 28, 2024, 4:19 AM

[astral dust]

Is it possible for MHJ to use her buy out options, ask for the price that’s high enough to buy out NJs contracts?

Assume Hybe has money

[sweet sparrow]

https://x.com/juantokki/status/1829066494451634278

1tokki (@juantokki) on X

How will NewJeans fare in the high-stakes battle between HYBE and Min Hee-jin? [1/2]
https://t.co/7nKg5nMlVt
Termination of shareholder agreement emerges as key issue

By Journalist Lee Jung-kook

“This is a game of chicken worth billions of won.”

This comment was made by an

Twitter · Aug 29, 2024, 8:00 AM

[gaunt flame]

https://vxtwitter.com/NJBUBBLEGUM/status/1828732607011623146

[dry atlas]

idk if this is true whole ador might be able to be bought

not just nj

[gaunt flame]

This is how much hybe's loan total

[astral dust]

If Hybe wants to sell ADOR

But NJ can break contracts one side of they pay enough money

ADOR is just a company, without its staff and NJs, it’s meaningless

Dont you only count the amount use? Not the amount borrow? They can just return back the unused money

Can someone summarize this article? https://x.com/daepunimarchive/status/1829066127756145131?s=46&t=kXGhBk_3DiP7ccDDKf8qcQ

mhj아카이브 (@Daepunimarchive) on X

"100% 주주 간 계약 위반으로 1천억원 넘는 손해배상 소송감이다. 소송 시점을 고민하고 있다"

<하이브·민희진 수천억 걸린 치킨게임…뉴진스는 어떻게?> 한겨레 2024.08.29 기사
https://t.co/QDNTBrYK5S

Twitter · Aug 29, 2024, 7:58 AM

[sweet sparrow]

gonna be funny if hybe loses more money if its true they breached the shareholders agreement

[dry atlas]

they've been throwing all kinds of shit on the wall since April waiting for THE ONE to stick

[sweet sparrow]

they're the ones causing the significant reasons

[dry atlas]

i need the youtube legal experts to wake up

[sweet sparrow]

[river pendant]

oh my gawd

[jolly junco]

someone from my country translated it to my language too

basically they said HYBE has due date to pay and they dont have enough money (its in september)

some says that hybe prefer to pay the penalty of breaching the contract instead of MHJ to exercise her put option

[gaunt flame]

This is hybe debt based on hybe financial statements

[quick wadi]

is she in this server?

[jolly junco]

hybe is using their subsidiary as a collateral damage to their loan

[jolly junco]

hybe is paying their old debt with a new loan, its an endless loop atp

conclusion: if MHJ exercise her put option (which is close to 100 billion KRW), hybe might have to sell one of their subsidiary (ADOR or bighit) since only this 2 are free of debt and not listed as a collateral for the loan. But we know that hybe cant touch big hit so ADOR is the only option for HYBE

[astral dust]

But they can just drag the legal battle

MJH will be director until the legal battle finalize

[short laurel]

so regardless of what side court takes. in the end hybe would have to pay mhj those put option in full?

[dry atlas]

idk

[snow turtle]

So what ur saying is we should send money to mhj so she can buy ador as independent company again

[dry atlas]

if she doesnt?

[wheat raft]

we might be able to buy ador if #nj-collection pools money together

[dry atlas]

so they're basically pre empting mhj?

[short laurel]

well ador was nvr independent company.

[astral dust]

I think they will drag the battle and do everything they can to lower MHJ’s put option value

[ashen glade]

is there a summary on the mhj vs hybe case
cuz Idk anything about it
and I wanna educate myself
but it's kinda too much too read

so is there a summary around
is that too much too ask
I'm sorry

[astral dust]

There’s no short summary

[short laurel]

https://x.com/PoppyKPoppie/status/1828987290120827372

PoppyKPoppie (@PoppyKPoppie) on X

[POPPY TALKS]
HYBE (ADOR) vs MHJ: WHO VIOLATED THE SHAREHOLDERS' AGREEMENT?

let's simplify the current details we have regarding the latest update shared by sejong (mhj's legal team) on their stance against hybe (ador) and their decision to terminate the shareholder's agreement

Twitter · Aug 29, 2024, 2:45 AM

[wheat raft]

alot of misinformation out there so becareful. Suggest taking a neutral stance when reading stuff online

[ashen glade]

who in the right ? atleast ?

[astral dust]

Essential Hype put their 3 people in ADOR BoD, they voted to demote her to director. MHJ did not acknowledge this decision, said it’s violation of contract

[wheat raft]

nobody can answer that ngl, but the girls support mhj so...

[ashen glade]

yeah im not taking sides

[jolly junco]

That why hybe dimissed MHJ by forced, they have a due date to pay on september

HYBE have to payback 200B KRW on september

[jolly junco]

legally? HYBE is wrong. Morally? i dont even know atp

[astral dust]

Hype is having around $180mil dept that’s due in Sept. ador and bighit was the only that’s not in debt

[ashen glade]

but I mean if hybe doesn't pay wouldn't ador be terminated as well
cuz they connected ?

[dry atlas]

Long story short, HYBE wants to get rid of MHJ

April 2024: they said she was conspiring to get management rights of ador from hybe among a fuckton of other things, so hybe wants to call an extraordinary shareholders meeting to vote her out. presscon 1.0 happened here
May 2024: above went to court for injunction, and mhj won. hybe cannot vote her out via extraordinary shareholders meeting, so instead they replaced ador board of directors with hybe personnel. board is now mhj and 3 hybe cohorts. presscon 2.0 happened here
Jun 2024: Bunnies Camp 🌈
July 2024: dispatch leaks predebut (disgusting) videos and medical info of newjeans. issue comes out about abused employee and how mhj was protecting the abuser
Aug 2024: hybe terminates shareholder agreement contract with mhj unilaterally (illegally*) and demotes her from ceo to producer role via a board of directors meeting (3v1)

additional reading: https://www.koreaboo.com/series/hybe-vs-ador-ceo-min-hee-jin/timeline/

[short laurel]

actually legally it could be muddy since its korea but morally hybe is bigger evil.

[dry atlas]

i forgot what happened in June

[astral dust]

Cant really say Hype is wrong legally because we have never seen the actual contract and we dont know KR laws

[jolly junco]

no, because HYBE has their other subsidiary listed as the collateral

[gleaming scarab]

good happy stuff happened in june

[wheat raft]

if they did it illegally technically mhj could pursue this in court right

[jolly junco]

i thought i read somewhere that MHJ lawyer will file a lawsuit because hybe terminated contract illegaly?

[dry atlas]

help me build this so we have njcord summary

[short laurel]

isn't it funny. that everything hybe n hybe mediaplay accused mhj on is being done by hybe itself.

[ashen glade]

it was very helpful thanks

[jolly junco]

ADOR and Big hit would be saved since they are not listed as the collateral for HYBE loan, but the other subs will be gone if HYBE cant pay in time

[valid sierra]

I think hybe is about to sell ADOR thats why they appointed C level as directors and did not get loans for ADOR.

[short laurel]

if hybe wanted to sell ador. they wouldn't have tried to dmg ador n nj. they'd want higher price

[ashen glade]

yall what if yg buys ador 💀
idk why but that'll seem awesome

[dry atlas]

i think the summary actually looks good

lol

[jolly junco]

HYBE dont want to sell ador because NJ are one of their biggest income at the moment

[short laurel]

yea

[ashen glade]

no??

[jolly junco]

they forced MHJ out fast because they are afraid MHJ will exercise her put options, leaving hybe with no option but to sell one of their subs to pay MHJ

[valid sierra]

thats why they targeted mhj, to have a basis to terminate the shareholder contract. that contract is now worth 100+ Billion

[short laurel]

mhj name is too closely linked to nj. it still dmg ador. as vouse said hybe not want to sell ador

[red thorn]

Koreaboo has timeline format for their hybe vs ador article
At least it's useful info for topic that happen during each dates/months

[dry atlas]

send

[red thorn]

https://www.koreaboo.com/series/hybe-vs-ador-ceo-min-hee-jin/timeline/

[dry atlas]

that's a very big tldr damn

but adding nonetheless

[tardy smelt]

i think you can cut out the fanwar stuff 💀

[dry atlas]

i didnt include it in my summary

only the milestones

[red thorn]

Yeah just for reference is good enough

[short laurel]

fanwar stuff crazy somu use these timing to post those stuff. theyy did same with garam.

[jolly junco]

from what i read:

1. all hybe subs have debt to lotte capital (except ador and bighit)
2. on the other hand, HYBE also has 200B KRW debt to KDB with due date in september
3. HYBE use their subsidiary company as a collateral for the loan
4. Before all this, HYBE failed to pay their debt to Mirae Assets (400B KRW). With hybe failed to pay mirae they have to pay thru convertible bond
5. So whats the connection between HYBE debt and MHJ? in this situation, IF MHJ use her put option which is close to 100B KRW, HYBE might have to sell 1 of their subs which is ADOR (since they cant touch bighit)
6. HYBE doesnt want to sell ADOR because NJ is making them money, so the only option for them is to dismiss MHJ as fast as they can

[short laurel]

considering the methods they used so far for point 6. hybe not think this through.

[celest zinc]

There's actualy no way

[short laurel]

but hybe stocks recovered alot

[celest zinc]

I'm mind boggled

[short laurel]

wow after ador said mhj "stepped down". hybe stocks recovered

[hoary frost]

So is there a chance that mhj get reinstated if she wins the court case regarding the illegal termination

Is there a chance or no chance at all

[dry atlas]

something still feels missing

If mhj didnt use her put options, then can hybe pay back their debts?

[jolly junco]

They still cant, but they have listed soumu pledis and koz as collateral so even if they cant pay hybe will be saved

[dry atlas]

what does that mean as collateral

[hoary frost]

Sorry so how does making mhj step down = they have money to pay debt ?

[dry atlas]

will the bank own parts of the subsidiaries?

will hybe lose 100% of a subsidiary?

[short laurel]

what about belift?

[celest zinc]

I thought they were capable of firing ADOR during last time's court sessiom, it's just that they lacked the evidence to do so so they kept her in HYBE for the time being, but I dont know

[celest zinc]

firing MHJ*

[dry atlas]

from what i understand is that they foresee a state where they're weak in the future coz of debt, and they are preempting mhj from using her put options which will make them lose ador

idk actually

[hoary frost]

Its like pledging that u will return the money, in the event hybe doesnt return the money those mention subsidiarise will go over

[dry atlas]

will go over

[hoary frost]

i wanna ask one thing

[snow turtle]

Wow i love this thread when its not doomposting

[dry atlas]

so they're not fine with losing ador but they're fine with losing the other subsidiaries?

[snow turtle]

This is cool info, feels like a detective game

[jolly junco]

Exactly

[hoary frost]

is the shaman thing real or was it another media play by hybe?

[dry atlas]

probably real but not as bad as hybe portrays it

[short laurel]

according to me nothing from hybe side making sense. i m still on bsh hates mhj

[jolly junco]

Because ador doesnt have debt to pay, other subs have lots of debt

[valid sierra]

i dont know why ador didnt get a loan, but it is a common thing to get a new loan to pay the old loans that are about to mature

[hoary frost]

ok thanks

When the susidiaries go over to whoever it was pledged to , their debts are carried with them

[quick wadi]

documentary in a few years will go crazy

[wheat raft]

breaking records for how long its opened

[short laurel]

wouldn't the debt be cleared then? like is bank A gets the sublabel. since debt was to bank. its self debt so 0 ?

[celest zinc]

Are those sub-groups of HYBE? Or whatever you call it

[dry atlas]

i still cannot wrap my mind around this

[short laurel]

yea subsidiaries

[hoary frost]

It will be cleared for hybe, but hybe will no longer own their source of income since the subsidiaries are no longer theirs

[short laurel]

but debt was owned to bank A. n bank A owns the sub now.

[celest zinc]

I hope nothing bad happens to newjeans of ador

[jolly junco]

Thats not how finance works

[dry atlas]

what's the answer to this

vous answer above question please...

[hushed whale]

ppl just speculating imo, they wont sell/lose any label

[short laurel]

i not do debt finances so idk

[jolly junco]

I dont think they have the money even if MHJ stepped down, its just to prevent her to exercise her put option

[hoary frost]

I think to a certain extend they are expected to return the money, they put the other subsidiaries just for the sake

[dry atlas]

ssibal

just sell ador!!

fucking hybe

[dry atlas]

which if she did will fuck them up even more

so they're preventing a stack of fuckupness?

[celest zinc]

This sounded so funnyin my head

[valid sierra]

a weird thing tho, they cant terminate a contract without a valid ground. this will be interesting if they get away with this

[hoary frost]

lol wonder what MHJ is planning if shes sacrificing herself i hope it wont affect the girls

[celest zinc]

Get up, i dowanafayoshadow

[jolly junco]

At least they wont lose ADOR, because NJ is making them money for now

Think about it, ador is debt free, with good income (without world tour)

[astral dust]

Okay, long text ahead. I asked ChatGPT:

[hoary frost]

So is there a chance that mhj get reinstated if she wins the court case regarding the illegal termination

Is there a chance or no chance at all

[jolly junco]

again, everything is just a speculation from this thread

https://x.com/jklloir/status/1828717282274820192

Qanita Fathin M (@jklloir) on X

Hmm menarik. Jadi hampir semua subsidiary-nya hybe tuh punya hutang sama lotte capital kecuali ador. Dgn rasio hutangnya yg hanya kisaran 100jt krw, kayaknya buat biaya operasional ya kalo sekecil itu doang mah. Tapi ini baru di lotte capital aja, belum yang di mirae asset dll ya

Twitter · Aug 28, 2024, 8:52 AM

[astral dust]

1. Seizure and Liquidation of Collateral: The bank or financial institution has the right to seize and sell the subsidiary companies or their assets to recover the loan amount. The process would be similar to any collateralized loan, where the lender can take control of the pledged assets to minimize losses.

2. Impact on the Subsidiaries: If the subsidiaries are used as collateral, their operations, ownership, and overall stability could be jeopardized. The bank may force the sale of the subsidiaries or their assets, which could lead to a change in management or ownership, or even the dissolution of the subsidiaries if the assets are liquidated.

3. Legal and Financial Consequences: The inability to repay the loan may lead to legal action from creditors, which could involve lawsuits, court orders, and forced liquidation of assets. This would further impact the parent company and its subsidiaries, potentially leading to insolvency or bankruptcy proceedings.

4. Credit Rating and Reputation: Both the parent company and its subsidiaries may suffer significant damage to their credit ratings and reputations, making it difficult to secure financing in the future. This could also affect their relationships with suppliers, customers, and investors.

5. Group-Wide Financial Distress: Since the parent company and its subsidiaries are financially interconnected, the inability to pay the loan could trigger a group-wide financial crisis. This could result in a cascading effect where not only the parent company but also other subsidiaries might face financial difficulties.

In short, if the parent company defaults on the loan, the consequences can be severe for both the parent company and the subsidiaries used as collateral. The specific outcomes would depend on the terms of the loan agreement, the value of the collateral, and the legal processes involved.

[valid sierra]

if she won the case of illegal termination, she may ask to be reinstated + damages

[dry atlas]

the damages is the fun part

what if she wasnt even considering using her put options

but now it's gonna happen either way

(if she wins)

[astral dust]

Hybe and MHJ’s legal bill must be ridiculously big

[short laurel]

yea. so what does "go over" means then ????????????????????

[jolly junco]

if you are in her position, with your upcoming contract to end knowing HYBE wont renew your contract and kick you out immediately after contract ends

will you or will you not exercise your put option? (with close to 100B KRW)

[astral dust]

The bank/loaner now have control over the collaterals

[dry atlas]

hybe hands the subsidiary over to the creditor bank?

[hoary frost]

Essentially yes

[gaunt flame]

I think HYBE didn't think far in the future when they started this and they're cooked af now 😹

[hoary frost]

Most likey its the sharess that are given over since that the money

[astral dust]

How much controls the banks have depends on the contract

[dry atlas]

hahaha to think maybe this all stemmed from hybe not expecting newjeans to actually grow as big as they did

[hoary frost]

i got a question does newjeans 7yr contract starts at their debut or since they became a trainee?

[astral dust]

But most bank will try to sell these seized access since they dont want to manage them

[astral dust]

Probably since their trainee

[short laurel]

debut

[hoary frost]

Debut

[valid sierra]

since their debut

[dry atlas]

usual kpop groups renew contracts on their 7th year so debut

[astral dust]

Yikes….

I would never sign that contact

[dry atlas]

you're not debuting as an idol

[jolly junco]

we still have 5 years of hell left 😭

[short laurel]

yea that makes sense to me. company A goes to bank B n bank B sells or auction it of n gets all the money n free from company A

[dry atlas]

that's standard idol contract

[astral dust]

Assets***

[jolly junco]

yeah i think this is the root of problem

[short laurel]

it used to be 10 or 13 in kpop

[jade jolt]

Hopefully the next 5 years will be peacefully

[short laurel]

yea assets*

[jolly junco]

they didnt think MHJ put option will be that high with NJ success

[astral dust]

It’s all speculation really since we dont know what’s in their contracts

[flint stone]

Chatgpt info wasn't updated since 2023 (if i remember correctly), I'm not sure if info from there will be correct

[jolly junco]

again, its all just a speculation with all these debt and loan info coming out

[astral dust]

Chat GPT is pretty reliable on these law stuff

[short laurel]

chatgpt info will most likely be dominated by intl opinion

[astral dust]

They dont change law that often

[jolly junco]

but the debt and loan and collateral are real and you can read it at https://kind.krx.co.kr/common/disclsviewer.do?method=search&acptno=20240814002650&docno=&viewerhost=&viewerport=#

[astral dust]

I specifically asked ChapGPT to look up Korean banking system

[gaunt flame]

😹

[celest zinc]

Now that's smart

[astral dust]

Also, banking regs are pretty similar across the world since it’s World economy era

[short laurel]

well every company or organisation has that tbf. debt maanagment

[hoary frost]

so yall think NJ will re sign their contract after that logically speaking for their careers that would prolly the best thing but i would rather them stand on business and fck hybe

[astral dust]

Debts are normal in business

[valid sierra]

all of these mess done by a public company is very disappointing in part of Korean govt

[astral dust]

As A Jessica stan, im familiar with all the debt talk 😂

[short laurel]

even elon musk business has debts

[astral dust]

Articles kept telling her business failed but the girl has like 7284729 vacations/year.

If that’s definitely of drowning in debt, i want to be like that too

[dry atlas]

that's so far off, i hope they dont think about it rn

[quick wadi]

can you be my accountant

[gaunt flame]

Yes

[jolly junco]

yes debts are normal in business, but they failed to paid once, and since then keep taking out loan

[short laurel]

mediaplay during times when internet was less accessible. sm was big bad number 1 back then. now hybe took that position

[astral dust]

As someone mentioned above, you take out debts to pay another debts

[jolly junco]

LOL yes thats exactly happened with HYBE now

[astral dust]

The bank will keep loaning you money as long as you show them your numbers

Hybe is huge. It takes a couple more bad investments for its to go down

If I’m a banker, i’d let Hybe borrow money as long as BTS is still selling

[short laurel]

hybe have no money but bang has a mansion in la

[gaunt flame]

That's totally normal in business every businessman does that, paying debt with debt, but they're impacting newjeans is really pissing me off, leave newjeans alone!!!!

[astral dust]

Also, we dont know what illegal activities they did behind the closed doors too

[flint stone]

And that's only the one we know about

[jolly junco]

~t https://x.com/Modanisland/status/1829082256276668519

[narrow seal]

240829 Modanisland Twitter Update
https://twitter.com/Modanisland/status/1829082256276668519
The dismissal of CEO Min is intended to prevent the exercise of put options rather than the loss of the CEO position itself.

HYBE is reportedly looking for investors to refinance convertible bonds issued in 2021

In response, HYBE's side said, "We have no position to reveal it."

[astral dust]

Such as money laundering

[short laurel]

we wouldn't have known about it if they were not being checked by korean ver of ftc

[astral dust]

Idk why people would buy Hybe stocks nowadays. Such high risk

[short laurel]

how hybe stocks recovered after 27th is shocking me

[astral dust]

Well, they’re kinda good for short term investment

[flint stone]

By the way, how did he buy it?

[jolly junco]

the game of waiting..........

[astral dust]

The stock market has been bad globally

[short laurel]

he made a new company in la.

[astral dust]

Hype just got affected a bit more because they’re bigger I think

[short laurel]

rest of details i not remember

[astral dust]

He created a shell estate company in the Us

[dry atlas]

get bubblegum in here

[astral dust]

I wonder what NDA MHJ has

[flint stone]

So he made company and bought it through the companies money?

[astral dust]

Pretty much

He basically used company money to buy a mansion under his name. It’s called embezzlement

The fair trade agency or something found out about it. He said oopsies, i forgot to list it

😂

[short laurel]

https://www.koreaboo.com/news/newjeans-bts-pre-debut-dorm-full-roaches-revealed-trainee/ is it true ???????

[quick wadi]

who else do you want

[flint stone]

So he can be sued and go to jail?

[dry atlas]

the yappers from x

[short laurel]

mhj

[dry atlas]

yui juan poppy

[quick wadi]

juan n poppy r in here

idk about yui

[dry atlas]

@juantokki

[quick wadi]

@vestal notch @untold wasp

[dry atlas]

i want bubblegum

[astral dust]

Idk about the paperwork trait so idk if he will get in trouble or not. KR is pretty corrupt too, he can use hush hush money and they will accept his oopsie

[gaunt flame]

I was about to ping random juan

[flint stone]

Sniper as source of information ☠️

[valid sierra]

i think bang pd have a lot of connections, thats why he keeps on getting away with all of these

[snow turtle]

Oh juan is here??

[short laurel]

somu gave the dorm. so it still only make somu look bad.

[dry atlas]

tim i want someone else from twitter

[quick wadi]

i want dia

[short laurel]

where dia? not seen them in ages

[flint stone]

I know that it wasn't mhj because she wasn't even in the company when was this. But sniper as source of info doesn't mean anything good

[short laurel]

to balance things out. invite jjinjin n sssniper

[quick wadi]

i asked already

[gaunt flame]

Im sniper

[short laurel]

yea but i m saying its funny cuz it still make hybe n somu look bad.

[waxen musk]

Could someone explain to me why the timing of the lawsuit could be important?

[flint stone]

It is
this part “Min Hee Jin who believes in Shamanism or the [members’] parents probably let them stay in the dorm thinking they would receive BTS’s energy.”. damn, it sounds ridiculous

[hoary frost]

timing is always important

[short laurel]

yea lol

[astral dust]

It affects the girl schedule/deals/promotions

[short laurel]

like no nj1 this year

n no tour next year

[flint stone]

There will be nj1 and tour, they need money

[waxen musk]

I won't expect anything until they say something.

[wheat raft]

we will fund it

[jolly junco]

they need money, so for NJ1 will only contain 1 random poca

[astral dust]

Okay. Another long text from chapGPT abt KR law and contract termination. I’ll send it in 2-3 texts

[jade jolt]

Hopefully not

[jolly junco]

🤣

[waxen musk]

I don't trust information from ChatGPT because there have been so many examples of it just getting facts wrong. Nobody here is verifying if the information is correct or not.

[flint stone]

What is poca?

[jade jolt]

Photocard

[hoary frost]

yall think all this stuff will affect their creative output cuz im pretty sure all this thing is mentally draining for MHJ and the members i hope they wont put some sneak diss on their album

[astral dust]

1. Contractual Terms and Legal Grounds for Termination:
   • Contractual Clauses: Many contracts include specific clauses outlining the conditions under which a party can terminate the agreement. These might include breaches of contract, failure to meet obligations, or other predefined circumstances. If a company terminates the contract based on these valid grounds, the termination can be legally effective even if the other party does not acknowledge it.
   • Legal Grounds: If the contract does not specify termination conditions, the company can still terminate the contract under certain legal grounds, such as the other party’s breach of contract or impossibility of performance. The Korean Civil Act allows termination in cases where performance becomes impossible, or there is a fundamental breach of the contract.

2. Notification of Termination:

   • Proper Notification: For the termination to be legally effective, the company must properly notify the other party. This typically involves sending a termination notice through a legally recognized method, such as registered mail. The other party’s acknowledgment is not required for the termination to be valid, as long as the notification process adheres to legal standards.

3. Consequences for the Person and the Company:

   • For the Person:
   • Loss of Rights: If the contract is validly terminated, the person may lose the rights or benefits they were entitled to under the contract. For instance, if it’s an employment contract, the person may lose their job and any associated benefits.

3. Consequences for the Person and the Company:

   • For the Person:
   • Loss of Rights: If the contract is validly terminated, the person may lose the rights or benefits they were entitled to under the contract. For instance, if it’s an employment contract, the person may lose their job and any associated benefits.
   • Legal Recourse: If the person believes the termination was unjust or in violation of the contract, they can seek legal recourse, such as filing a lawsuit for wrongful termination or breach of contract. The court would then evaluate the validity of the termination.
   • For the Company:
   • Potential Liabilities: If the termination is deemed unlawful or unjust, the company could face legal consequences. These might include being ordered to pay damages, reinstate the contract, or face other penalties.
   • Reputation and Business Impact: Unilateral termination of contracts, especially without a solid legal basis, can harm the company’s reputation, making it more difficult to do business or enter into contracts with others in the future.

[short laurel]

problem is mhj ideas have to be approved by new ceo. n that will affect alot.

[astral dust]

4. Dispute Resolution:

   • Mediation and Arbitration: Many contracts include dispute resolution mechanisms like mediation or arbitration. If a dispute arises over the termination, these methods may be employed before resorting to litigation.
   • Litigation: If the matter escalates to a court case, the court will examine the contract, the grounds for termination, and whether proper procedures were followed. The court’s ruling would then determine the legality of the termination and any resulting consequences.

5. Practical Considerations:

   • It is crucial for both parties to carefully review the contract’s termination clauses and ensure that any termination is carried out in compliance with these terms and relevant laws to avoid legal disputes and potential liabilities.

[quick wadi]

Dagger

[snow turtle]

What the

[jolly junco]

It will be funny if the new ceo delivered mhj idea to other subs and use it for comeback 🤣

[dry atlas]

i wanna delete that

who's reading allat

[waxen musk]

Not even I will.

[dry atlas]

post something u understand, not something chatgpt just spat out

[astral dust]

Well, chap GPT essentially said the same thing MHJ prep said

[waxen musk]

prep?

[astral dust]

Rep*

Her lawyer

[river pendant]

wha

[astral dust]

But the termination notification part is concerning. It said the other party doesn’t have to acknowledge the termination for it to be valid

[waxen musk]

To be honest I assume most things are set in stone for plans for NJ1 and things should go on ahead despite everything happening legally with MHJ and Hybe. However the new CEO can change things on a whim, so I don't know what to expect.

[jolly junco]

But “agreement” means there are 2 parties involved. Isnt it common sense for 2 people to “agreed” first before anything else?

[jade jolt]

That s what i am thinking as well since i think they already recorded NJ1 and shot the concept photoes or mvs

[short laurel]

whats even more funny would be if she jumps the ship n start taking mhj side.

[astral dust]

Agreement is different than contract termination

How many times idols have recorded things and it’s never seen the daylight. Exhibit 1, Jungsis subunit

[jolly junco]

What are the liability for hybe to terminated it one sided?

[flint stone]

Thought about it too, it would be funny

[short laurel]

about that. court said hybe has duty to defend mhj position. this apparently extends to board members appointed by hybe.
n this should take priority over law? atleast thats what i read

[waxen musk]

I just don't know what MHJ winning a future lawsuit would result in other than Hybe losing out financially. There are so many possibilities.

[astral dust]

Regardless, this lawsuit can last for years

[short laurel]

nj joining pc gacha. is what we have to worry about for now

[sweet sparrow]

hope not

[jolly junco]

where did MHJ got all the money for all of these lawsuit?

it must be cost a lot, been going on for months now

[astral dust]

She’s rich….

[snow turtle]