ADOR claims financially supporting NewJeans post unilateral exit; reveals paying 12 billion KRW since October 2023 at first trial

The continuing appropriate war between ADOR’s CEO, Kim Joo Younger, and NJZ (previously is named NewJeans) reached a in actuality critical point on April 3, 2025, as key info emerged for the length of the first trial relating to their contractual dispute. On the center of the case is the query of whether or now not ADOR, the management company adequately supported and safe the NJZ as per their contractual tasks.

At some stage within the proceedings, ADOR disclosed monetary shrimp print to certain its stance. The company insisted that it had fulfilled its tasks by providing stout monetary give a boost to and guaranteeing horny revenue distribution to NJZ. ADOR also said that they’d invested very a lot in increasing NewJeans’ intellectual property (IP) and had met all monetary settlement tasks. In accordance to ADOR, since 2023 by myself, over 12 billion KRW (roughly 8.18 million USD) has been disbursed to NJZ participants.

Key monetary functions published in court docket consist of:

• In November 2021, following ADOR’s institution, HYBE obtained 100 per cent of NJZ’s shares for 5 billion KRW (roughly 3.41 million USD) after ADOR separated from Source Song.
• ADOR made additional investments of 10 billion KRW (roughly 6.82 million USD) and 6 billion KRW (roughly 4.09 million USD) in 2022.
• The debut album of NJZ by myself fee 7 billion KRW (roughly 4.77 million USD), a establish very a lot greater than the change sensible album production fee of 3 billion KRW (roughly 2.05 million USD).
• In total, ADOR claims to hang invested 30 billion KRW (roughly 20.5 million USD) into NJZ’s debut.

ADOR also clarified that no topic receiving contract termination notices from NJZ participants—Hanni, Haerin, Minji, Hyein, and Danielle—settlement payments had been made consistently without interruption. These payments consist of commercial earnings, occasion revenues, and salaries.

ADOR refutes groundless claims of HYBE’s sick will toward NJZ, the management company emphasised that their investment within the personnel has been unparalleled. They argued that NJZ claims that ADOR’s present management—below HYBE’s affect—lacks the flexibility or willingness to present protection to the personnel. ADOR additional contended that terminating the uncommon contract without allowing the new management to take care of concerns is unreasonable and one-sided. On completely different hand, NewJeans is mounted with their present accusing their old vogue company, ADOR of breaching their have faith and has claimed that HYBE forcefully removed ADOR’s Ceo Min Hee Jin.