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Leaked KakaoTalk messages between Min Hee Jin and ADOR VP spark controversy over NewJeans' contract costs

YouTuber Lee Jin Ho recently shared new KakaoTalk messages revealing a conversation between Min Hee Jin, the CEO of ADOR, and the company's vice president.

May 21, 2024 / 07:48 IST
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The release of this conversation has sparked controversy and suspicion among Korean netizens, though interestingly, not towards Min Hee Jin. Instead, the focus has shifted to the VP.

Recently, YouTuber Lee Jin Ho released new KakaoTalk messages, unveiling a conversation between Min Hee Jin, the CEO of ADOR, and the company’s vice president regarding the financial aspects of NewJeans' contracts. In the disclosed screenshots, the vice president (VP) communicated significant figures concerning the potential termination costs of the NewJeans members’ contracts.

"VP (March 14, 2024): The termination amount per person is estimated at 12.45 billion KRW. With five members, this totals around 62 billion KRW. However, the current shareholder agreement states that any major contract changes, terminations, or renewals must be approved by the ADOR board.

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Min Hee Jin: Huh? NewJeans? That’s not much.

VP: Oh, I apologize. It’s actually between 450 billion KRW and 620 billion KRW."