Appointment of Entertainment Exclusive Contract Specialist Lawyer Kang Jin-seok
Submission of Petition with 'Litigation Agent' Noted
Speculation on Possible Dispute Over Exclusive Contract with HYBE
As the legal dispute between Min Hee-jin, CEO of ADOR, the agency of the group NewJeans, and its parent company HYBE continues, it has been reported that the parents of NewJeans members have hired an entertainment dispute specialist lawyer.
According to the music industry on the 19th, the parents of NewJeans members hired lawyer Kang Jin-seok (48, Judicial Research and Training Institute class 41) from ENT Law Office, known for specializing in entertainment, on the 14th and submitted a petition.
Lawyer Kang has specialized in contract disputes between management companies and affiliated entertainers, as well as litigation over appearance fees. He has also frequently conducted lectures related to exclusive contracts for trainees as a legal advisor to the Korea Entertainment Management Association.
The petition submitted through lawyer Kang reportedly contains the intention of the NewJeans members to continue working with CEO Min.
Accordingly, some speculate that regardless of the outcome of the injunction to prohibit the exercise of voting rights filed by CEO Min against HYBE, there may be a dispute with HYBE over the exclusive contract involving the parents of NewJeans members.
The ADOR extraordinary general meeting of shareholders is scheduled for the 31st. Prior to this, CEO Min filed an injunction request to prohibit the exercise of voting rights at the extraordinary general meeting, preventing HYBE, the largest shareholder holding 80% of ADOR shares, from exercising voting rights on the motion to dismiss CEO Min.
The court's decision on the injunction is expected before the extraordinary general meeting. If the court grants the injunction, HYBE will not be able to immediately dismiss CEO Min. However, if the court dismisses the injunction request, since HYBE holds 80% of ADOR shares, the dismissal of CEO Min is expected to proceed.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
