NewJeans vows to ‘not give up’ in reclaiming group’s name after terminating ADOR contract; says THIS about penalty fees
In a flip of events, NewJeans launched they are leaving ADOR. In an emergency press conference, they addressed challenges with the utilization of their fresh community name and additional. Learn on!
NewJeans has made up our minds to half strategies with ADOR. In an emergency press conference, they launched that they would maybe terminate their contract on November 29. They talked about that the company didn’t provide protection to them, main to this resolution. Rather than the surprising but considerably anticipated announcement, they additionally addressed some pivotal questions regarding the rights of their name and termination bills.
On November 28, NewJeans held an emergency press conference on the Space Fragment’s Galaxy Corridor end to Samseong Characteristic in southern Seoul. Following the announcement of contract termination, the contributors shared their opinions on maintaining the community’s name. They revealed that they arrangement to reclaim it, declaring, “Our essence will remain unchanged. We manufacture now not occupy any intention of giving up the name,” the youngest Hyein talked about, indicating that they’re going to pursue frightful lengths to fetch the rights of ‘NewJeans’.
In addition, they additionally talked about penalty bills. The woman community aloof has 5 years left of their contract with ADOR. Beforehand, in the end of an injunction listening to, Min Hee Jin’s dialog with two broken-down ADOR deputies was revealed, the build they talked regarding the staggering bills the lady community can occupy to pay in the occasion that they made up our minds to terminate their contract with the company.
Nonetheless, on the click conference, the quintet firmly talked about, “We now haven’t violated our challenging contract and occupy given our handiest in all our activities, so we enact now not occupy to pay any penalty bills.”
They added that comparatively HYBE and ADOR must aloof be the ones obliged to pay the bills. In step with the outdated estimation, the community can occupy to pay a whopping 620 billion KRW termination bills, with 124 billion KRW estimated for every member.
This amount was resolute in accordance to the lady community’s common monthly revenue, which is spherical 2 billion KRW per head, multiplied by 62 months final of their contract with ADOR. Despite the indisputable truth that followers are praising the quintet’s sturdy boom, whether or now not they’re going to occupy to pay the staggering penalty or now not will now rely upon HYBE and ADOR’s next authorized resolution.
Within the period in-between, following this flip of events, all eyes are on NewJeans’ next step amid the uncertainty of their future in K-pop.
Source credit : pinkvilla
