The Seoul Central District Court ruled in Min's favor in her lawsuit against Hybe.
Hybe has filed an appeal and a request to stay enforcement of the judgment.
[TV Daily Reporter Kim Ji-ha] Min Hee-jin, the head of OK Records, will hold a press conference today in Seoul to discuss the outcome of the first trial in her lawsuit against Hybe and outline her future strategy. The representatives announced that the event is scheduled to start at 1:45 PM.
On February 12, the Seoul Central District Court ruled in favor of Min in her lawsuit seeking stock sale payments from Hybe. The court ordered Hybe to pay her 25.5 billion won in value of the put option and also instructed them to compensate her associates 1.7 billion won and 1.4 billion won respectively. However, the court dismissed Hybe's lawsuit regarding the termination of the shareholder agreement.
Hybe has filed a request for a stay of enforcement regarding the judgment, which was granted by the court. As a result, the enforcement of the payment owed to Min has been suspended. Since April 2024, Min has engaged in several press conferences expressing her stance amidst ongoing conflicts with Hybe.
Min Hee-jin's press conference carries significance beyond merely explaining the legal outcomes. She is likely to present a detailed vision for her future independent management direction. This could serve as an opportunity to further solidify her standing in the industry.
Amid ongoing tensions with Hybe, her outspoken statements are expected to create significant waves among fans and industry stakeholders. Her decisions could spark important discussions regarding the protection of management rights and artist rights within the content industry.
Ultimately, this press conference is anticipated to be a critical moment signaling Min Hee-jin’s new beginning, as she moves beyond past conflicts. Fans eagerly await what new plans she will present.
This article is KOSTAR’s reinterpretation of a story originally reported by TVDaily.
Photo: TVDaily
