Min Hee‑jin denies tampering amid New Jeans lawsuit and stock‑market turmoil

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NewJeans Dispute Escalates: Former CEO Alleges Stock Manipulation Conspiracy

Seoul, South Korea – January 28, 2026 – A contentious legal battle surrounding the K-pop group NewJeans took a dramatic turn today with explosive allegations of stock manipulation leveled by the group’s former Chief Executive Officer, Min Hee-jin. The claims, presented during an emergency press conference held through legal depiction, center on accusations that external forces conspired too destabilize the group and its parent company, Adore, amidst a contractual dispute.

The Core of the Dispute: Contractual Rights and Allegations of Interference

The current legal conflict began late

What are the allegations against Min Hee-jin in the New Jeans lawsuit?

Min Hee-jin Denies Tampering Amid New Jeans Lawsuit and Stock-Market Turmoil

The K-pop world is reeling from the escalating conflict between HYBE Corporation and ADOR CEO Min Hee-jin, centering around allegations of a planned coup and subsequent legal battles. This dispute has not onyl ignited fierce debate amongst fans but has also triggered significant volatility in the stock market, notably impacting HYBE’s share price. Min Hee-jin has vehemently denied accusations of attempting to usurp management control, claiming the allegations are a fabrication designed to undermine her position and the success of new Jeans.

The Core of the Dispute: Allegations and Counterclaims

The controversy began when HYBE presented evidence suggesting min Hee-jin, along with ADOR’s creative director, were plotting to gain control of HYBE through a third party. This alleged plan reportedly involved leveraging New Jeans’ immense popularity to achieve a hostile takeover.

Specifically, HYBE claims to have uncovered communications detailing strategies to:

* Secure external investment to acquire HYBE stock.

* Exploit New Jeans’ brand power to attract investors.

* Undermine the leadership of HYBE Chairman Bang Si-hyuk.

Min Hee-jin, however, has dismissed thes claims as “absurd” and “groundless.” She argues that the presented evidence has been misinterpreted and lacks concrete proof of a coup attempt. She maintains her loyalty to HYBE,stating her focus remains on the continued success of New Jeans and ADOR’s creative endeavors. Her legal team has emphasized the lack of financial gain motive and the absence of any concrete steps taken towards a takeover.

Legal Proceedings and Emergency Measures

HYBE initiated an emergency shareholder meeting to remove Min Hee-jin from her position as ADOR CEO. This move was met with resistance from Min Hee-jin, who filed for a preliminary injunction to halt the vote. the Seoul Central District Court granted a partial injunction, preventing HYBE from exercising its voting rights related to the removal of Min Hee-jin, pending further inquiry.

This legal battle is complex,involving scrutiny of internal communications,financial records,and witness testimonies. The court’s decision to grant the injunction suggests a degree of skepticism towards HYBE’s initial claims, but the investigation is ongoing. The outcome will significantly impact the future leadership of ADOR and the trajectory of New Jeans.

Stock Market Reaction: HYBE’s Tumultuous Week

The unfolding drama has had a palpable effect on HYBE’s stock performance. Following the initial allegations, HYBE shares experienced a sharp decline, wiping billions of dollars off the company’s market capitalization. Investors reacted negatively to the uncertainty surrounding the leadership of ADOR, a key revenue driver for HYBE.

* April 22, 2026: HYBE shares closed down 8.2% after the initial allegations surfaced.

* April 23, 2026: Further declines were observed, with shares dropping another 5.5%.

* April 24, 2026: A slight recovery was noted following the court’s partial injunction, but the stock remained volatile.

Analysts attribute the stock market turmoil to concerns about:

* Potential disruption to New Jeans’ activities.

* Damage to HYBE’s reputation.

* Uncertainty regarding the future of ADOR.

* Broader investor anxieties about corporate governance within HYBE.

New Jeans’ Position and Fan Response

Throughout the controversy, New Jeans has remained largely silent, focusing on their scheduled activities. However, the group’s silence has fueled speculation and concern among fans. Many fans have expressed their support for Min Hee-jin, viewing her as instrumental in the group’s success and creative direction.

Social media platforms have been flooded with hashtags expressing solidarity with Min Hee-jin and New Jeans, demonstrating the strong emotional connection between the group and its fanbase. The situation highlights the significant influence of K-pop fandoms in shaping public opinion and impacting corporate decisions.

The Role of bang Si-hyuk and HYBE’s Internal Dynamics

The conflict also sheds light on the internal dynamics within HYBE and the role of Chairman Bang Si-hyuk. While Bang Si-hyuk initially expressed confidence in Min Hee-jin’s leadership, the subsequent allegations suggest a breakdown in trust.

Sources indicate that disagreements over creative control and strategic direction may have contributed to the escalating tensions. The situation raises questions about the power structures within HYBE and the potential for conflicts of interest.The outcome of the legal battle could reshape the company’s leadership and influence its future direction.

Potential Outcomes and Future Implications

Several potential outcomes could emerge from this ongoing dispute:

1. Min Hee-jin’s Reinstatement: If the court ultimately sides with Min Hee-jin, she could be reinstated as ADOR CEO, possibly restoring stability to the company.
2. Negotiated Settlement: HYBE and Min Hee-jin could reach a negotiated settlement, allowing for a peaceful resolution and minimizing further damage to the company’s reputation.
3. Min Hee-jin’s Departure: