On October 17, reports surfaced from South Korean news outlets indicating that ADOR, the management firm for NewJeans, convened an extraordinary shareholders’ meeting where they sanctioned the appointment of Min Hee Jin, the former CEO, as an internal director. Her tenure is set to span three years, commencing on November 2, 2024.
Despite this development, fans express apprehension regarding NewJeans’ future, particularly following the group’s opposition to HYBE, their parent company.
Should NewJeans opt to maintain their ties with HYBE, they may not receive the previously available support and resources, potentially affecting their growth and public perception.
On the other hand, if the group decides to disrupt their contract, they may face substantial contractual penalties, which could jeopardize their careers, reminiscent of the Fifty Fifty situation.
The Fifty Fifty scenario exemplifies the challenges K-pop groups encounter when faced with high-stakes decisions in a demanding entertainment landscape. Ultimately, the choices made by NewJeans will significantly influence not only their trajectory but also that of other artists in the industry.
The poster noted, “HYBE serves as NewJeans’ financial backbone. From their perspective, HYBE is akin to a father providing for a child, while Min Hee-jin acts as a caregiver who has nurtured them since their inception.”
Highlighting the close bond between the NewJeans members and Min Hee-jin, they referred to the CEO as “NewJeans’ mother,”cautioning that if HYBE’s assertions hold true, the members and their families might have been influenced by Min Hee-jin’s views. They warned, “Should NewJeans stand in defense of Min Hee-jin, the situation could mirror that of Fifty Fifty.”
The original post originated from: theqoo
In the ensuing discussions, various netizens contributed their thoughts:
– This situation reminds me of FIFTY FIFTY
– If Min Hee-jin truly regarded NewJeans as her own children, she wouldn’t have placed them in the spotlight during conflicts with HYBE.
– It’s possible for her to articulate caring sentiments in interviews as she’s not their biological mother, but rather a surrogate figure. It seems both NewJeans and their families find themselves trapped.
– Apologies are due to the kids. I’m hoping she refrains from actions that intimidate or harm the members.
– To the girls, while it might be tough… please don’t worry about advertisement penalties and stick with HYBE. I want to see you all succeed in the long run.
– All we can do is hope that the parents of NewJeans make a judicious decision…
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