Min Hee-jin's 256 Billion Won Put Option Waiver: The Hidden Motives

[TV Daily Reporter Choi Hana] Min Hee-jin, the former CEO of Adore, declared on the 25th that she would waive her put option worth 25.6 billion won. In exchange, she proposed to conclude all disputes against herself and the members of New Jeans, but this is seen not just as a simple concession but as a meticulously calculated maneuver. YouTuber Lee Jin-ho criticized the press conference's unproductive format, highlighting the lack of opportunity for journalists to ask questions.

Lee argued that the announcement to forsake 25.6 billion won is, in fact, not a genuine concession when considering the losses incurred by Hive, which are over 46 billion won in legal disputes. The amount is tied, thus Min's offer is more of a tactic than a real compromise. The underlying intention of presenting non-liquid assets raises suspicions regarding her motivations.

Moreover, the mention of the KOSPI may hint at a strategic pressure on Hive's management. Lee cautioned that this reference, combined with the waiver proposal, could reflect psychological manipulation rather than a sincere effort for reconciliation, especially as Min emphasized her own sincerity in an apparently contradictory manner.

Min Hee-jin's declaration of waiving her put option contains layers beyond a mere decision. While the amount of 25.6 billion won is presented, it pales in comparison to the over 46 billion won in lawsuits filed by Hive. This reveals her intent to not back down even under adverse circumstances. As YouTuber Lee Jin-ho criticized, what may seem like a generous concession masks a contrasting calculation beneath the surface.

Furthermore, the reference to the KOSPI could indicate a strategy to create economic tension while attempting to reconcile with Hive. By invoking the stock index, it signals pressures towards Hive's management in the eyes of investors and shareholders. This can be interpreted not merely as a proposition but rather as a tactic to exert significant pressure on the other party.

Ultimately, Min’s appeal to sincerity and emotion can be seen as a defensive maneuver against external critical scrutiny. To genuinely validate her sincerity, a proposition would have needed to involve sacrificing her own gains in an adverse scenario. This would create a context where her actions might be justified. However, that requires an approach within legal bounds and emphasizes the necessity of responsible actions over unrestrained public relations campaigns.

This article is KOSTAR’s reinterpretation of a story originally reported by TVDaily.

Photo: DB