Here’s how much NewJeans will have to pay as penalty if they terminate contract with HYBE; Min Hee Jin’s past chat estimates
NewJeans may per chance presumably need to pay a grand sum of penalty rate in the event that they judge to discontinuance their contract with ADOR. Read on to know when Min Hee Jin estimated the amount.
On November 13, NewJeans submitted a proper peep to HYBE, mentioning that they’d discontinuance their contract if their demands had been now not met. They mentioned six unresolved disorders animated Hanni’s allegations of place of job harassment and their previous photo leaks. For the time being, many thought their final goal may per chance presumably need been the reinstatement of Min Hee Jin as ADOR’s CEO.
On the other hand, on November 20, she announced her resignation because the inner director of ADOR, leading to loads of questions about the girl community’s future with the company. As per their beforehand issued peep, if the quintet decides to discontinuance their contract with HYBE on November 27, they’ll also simply need to pay a grand penalty rate. In accordance with a memoir, they’re having a stare at around 620 billion KRW termination bills with 124 billion estimated for every member.
This staggering figure is clear by NewJeans’ monthly earnings, which is around 2 billion KRW per member. This will be multiplied by 62 months final in their seven-year contract with ADOR.
As reported, this estimated penalty rate used to be discussed by Min Hee Jin and two recurring ADOR deputy CEOs on KakaoTalk in March of this year. The conversation used to be stumbled on on the time of her public feud with HYBE. At some level of an injunction trial for blocking off the company’s exercise of balloting rights, Min Hee Jin’s suitable crew claimed that the calculation and the harm overview had been suitable a rough plot to estimate ADOR’s company ticket.
With November 27 immediate impending, all eyes are on whether NewJeans will judge to fragment ways with HYBE. In the event that they establish, there will most definitely be a risk of the tell escalating into high-profile lawsuits animated billions of price penalty bills.
On the other hand, on November 20, after a lengthy-going feud with HYBE, animated a couple of lawsuits, Min Hee Jin resigned from ADOR. Licensed a month ago, she used to be reappointed because the inner director of the company, after dropping her CEO spot to Kim Joo Young. On the other hand, many criticized her for the sudden departure, even accusing of her ‘forsaking’ NewJeans in the feud with HYBE.
Meanwhile, the girl community aloof has five years left in the contract they signed with ADOR all the plot by their debut.
Source credit : pinkvilla
