On August 30 KST, Min Hee Jin's side has issued an official statement to disclose the contents of a 'Producing Commission Contract' offered by ADOR for the production of NewJeans. 

The complete statement can be found below:

"Hello,

We are Macoll Consulting Group, responsible for media relations on behalf of Law Firm Sejong, representing former CEO Min Hee Jin of ADOR.

We are providing a statement regarding the unfairness of the producing commission contract sent by the ADOR board to former CEO Min Hee Jin and to additionally address some inaccuracies reported in the media.

On August 27 KST, ADOR's board announced that former CEO Min Hee Jin would continue to handle producing duties for NewJeans. However, this statement was publicly announced against Min Hee Jin's will and reflects HYBE's unilateral media play.

On August 28 KST, Kim Ju Young, chair of ADOR's executive board, sent Min Hee Jin a 'Producing Commission Agreement'. There are many components to this contract which are unilateral and unreasonable, making it difficult to understand logically.

◇  A2-Month, Short-Term Producing Contract

The contract period specified in the agreement is from August 27, 2024, to November 1, 2024, totaling a mere 2 months and 6 days. 

After successfully completing a fan meeting at the Tokyo Dome in June, NewJeans is planning a world tour in 2025. The fact that this agreement proposes that production for a world tour be completed in just 2 months is bewildering. This demonstrates the newly appointed ADOR board's lack of understanding of key tasks required in the industry.

Furthermore, this unreasonable contract period suggests that ADOR’s claim that 'all decisions are in the best interest of NewJeans' is clearly fictitious and meant for media play.

◇ Rights to Terminate the Commission Contract at Any Time

The producing commission agreement is filled with clauses allowing ADOR to unilaterally terminate the contract at any time. The 2-month contract period can be shortened at ADOR’s (or effectively HYBE’s) discretion. The contract stipulates that ADOR can immediately terminate the agreement if they deem Min Hee Jin’s performance to be inadequate, with no objective grounds or criteria specified.

Additionally, the contract allows for immediate termination if it is deemed difficult to maintain the contract due to ADOR’s (or HYBE’s) business conditions, or if so judged necessary by ADOR’s CEO. In other words, ADOR (or HYBE) can terminate the contract at any time, for any reason.

Moreover, contrary to the stated principle of separating 'management and producing,' the commission contract shows contradictions, such as allowing termination if 'management performance is deemed significantly poor'. The contract is simply filled with unreasonable clauses, such as a non-competition period six times longer than the 2-month contract period.

It is absolutely undeniable that ADOR and NewJeans have been acknowledged by this industry for their originally and distinctiveness, and achieving unprecedented success, which was made possible under Min Hee Jin’s leadership.

Nevertheless, the act of sending such an unreasonable contract raises doubts about whether HYBE genuinely wishes to continue entrusting Min Hee Jin with the production of NewJeans. This can only be interpreted as an attempt to deliberately 'entice a rejection of the commission contract' and set up another media play.

The ADOR board has demanded that this unreasonable contract be signed by August 30 KST. However, Min Hee Jin has determined that she cannot sign it. Simultaneously, this statement aims to address any further distortions in media reporting that may arise after her decision to reject ADOR's contract."