Bang Si-hyuk and Min Hee-jin's court case results caused billions to fluctuate back and forth.

Amidst the legal dispute between HYBE and ADOR, the agency of NewJeans, led by CEO Min Hee-jin, over allegations of attempting to seize management rights, it is reported that the amount of shares CEO Min Hee-jin would acquire from HYBE varies significantly depending on whether the 'business breach' crime is proven.

According to Korea Economic Daily on the 1st, the Adore shareholders' agreement reportedly includes an 11 trillion won damages clause stating that "if Min and others breach the contract, Hive has the right (call option) to directly purchase all the shares held by Min and others through Hive or a third party designated by Hive." It was also reported that the purchase price per share for the call option shares is to be the lesser of the face value per share and 70% of the fair value.

Under normal circumstances, Hybe would have had to purchase shares close to 100 billion won based on Min's exercise of the put option. However, if 'breach of duty in the course of business' is recognized, Hybe can acquire these shares at face value based on the violation of the shareholder agreement. The purchase amount based on face value is estimated at 2.8 billion won for Min's shares and 3.2 billion won including management. In this case, Min, who borrowed 2 billion won to buy an 18% stake, may have to leave Audor empty-handed.

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100 billion won vs 0 won

Who will win?