On April 24, a Korean media outlet printed an article shedding light on NewJeans and Min Hee Jin. The document alleged that Min Hee Jin made makes an attempt to ‘lift’ and recruit trainees from Offer Music to debut below ADOR.

This info surfaced amidst claims that Offer Music conducted a pivotal position within the formation of the an increasing number of standard girl team NewJeans, sexy fans. NewJeans debuted below ADOR on July 22, 2022.

Did Min Hee Jin ‘lift’ trainees from Offer Music?

In the article, Korean media outlet Dispatch revealed Offer Music’s integral position within the formation of NewJeans, offering insights into every member’s trainee traipse for the predominant time. Per the outlet, Minji started her coaching with Offer Music in 2017, while Hanni joined in 2019 after participating within the joint global audition held by BIGHIT MUSIC and Offer Music.

Haerin and Danielle both commenced their coaching at Offer Music in 2020. Although the outlet did now not repeat Hyein’s proper signing date, they revealed that Offer Music firstly learned her online, attributable to this truth interesting her to audition, which she efficiently passed, main to her signing with the agency.

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All 5 contributors of NewJeans underwent coaching at Offer Music till the latter half of 2021, personally chosen by Offer Music’s CEO, So Sung Jin. Meanwhile, Min Hee Jin moved to HYBE in 2019, assuming the position of Chief Branding Officer with a give consideration to overseeing branding initiatives for HYBE’s affiliate companies. In an respectable announcement, HYBE revealed that Min Hee Jin would lead a brand new girl team challenge and keep her occupy model to scout contemporary abilities and spearhead song manufacturing.

On the starting up tasked with overseeing the debut of a brand new girl team below Offer Music, Min Hee Jin sought autonomy by establishing her occupy agency, ADOR. This potential that, she brought trainees from Offer Music into her new agency, along side the 5 most modern contributors of NewJeans (Minji, Hanni, Haerin, Danielle, and Hyein). Nonetheless, despite the transfer, the coaching prices for these 5 trainees persevered to be shouldered by Offer Music.

Min Hee Jin’s position post procuring NewJeans

Dispatch acknowledges Min Hee Jin’s important position in catapulting NewJeans to repute, crediting her and producer 250 for revitalizing the 2000s sound in a up to date manner. Nonetheless, the outlet asserts that the mastermind within the support of NewJeans used to be truly So Sung Jin, who facilitated the recruitment of the trainees comprising the team.

Despite this, Min Hee Jin received rightful recognition for NewJeans’ success. HYBE’s directors granted her the alternative to amass ADOR stock at discounted prices within the predominant quarter of 2023, bypassing the acquisition of stock alternate choices. This enabled Min Hee Jin to form an 18% stake within the firm making her the 2d-biggest shareholder. By allowing her to amass existing stock rather than stock alternate choices, Min Hee Jin also steer clear off a Forty five% tax on the bought shares.

The outlet extra reported that Min Hee Jin holds establish alternate choices on HYBE valued at approximately 100 billion KRW (equal to about 72.9 million USD). A establish likelihood grants the customer the authorized to sell a stock at a predetermined label earlier than the contract’s expiration date. Basically, traders include establish alternate choices as soon as they stay up for a decline within the stock’s value, suggesting that Min Hee Jin anticipates a likely decrease in HYBE’s stock label.

Per Min Hee Jin, her departure from HYBE used to be motivated by a comparable funding alternative from one other firm, indicating that she did now not truly feel compelled to remain at HYBE. Nonetheless, despite her exit, Min Hee Jin benefited from HYBE’s machine by selecting the trainees she desired from HYBE’s trainee pool for her new agency, ADOR.

The enlighten used to be summarized by suggesting that if NewJeans succeeded, Min Hee Jin would safe the credit, nonetheless if the team failed, the monetary burden would plunge on HYBE, now not ADOR. Therefore, Dispatch concludes that the repute of NewJeans can now not be completely attributed to Min Hee Jin.

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