Min Hee-jin’s side: “NewJeans tampering? A nationwide fraud scheme involving a member’s family and a businessman to inflate stock prices”

According to The Financial News, representatives of former ADOR (All Doors One Room) CEO Min Hee-jin flatly denied the NewJeans tampering allegations, claiming it was “a nationwide fraud scheme carried out by a NewJeans member’s family and a certain businessman.”
A public press conference on the “NewJeans tampering” allegations involving former ADOR CEO Min Hee-jin was held at 1 p.m. today (28th) in a building in Jongno District, Seoul.
Min did not attend the press conference. Attorney Kim Sun-woong of Jiam Law Firm, Min’s legal representative, explained her absence, saying, “She recently heard certain things regarding a NewJeans member’s family and is in a state of considerable shock.”

The press conference was held under the theme, “The truth about the tampering allegations involving former ADOR CEO Min Hee-jin and the DAVOLINK stock market manipulation case – Who are the destroyers of K-pop and the enablers of market manipulation?”
Attorney Kim said that after ADOR filed a damages lawsuit against Min, she “expressed concern that this might be an attempt to dismantle NewJeans as a full group.” He added that they decided to hold the press conference because “there are attempts to use a member’s family in connection with the shareholder dispute lawsuit between Min and Hybe, so we felt it necessary to at least clarify our position.”
He went on to stress, “The NewJeans tampering allegations recently raised by ADOR management, major shareholders, and some media outlets were in fact a nationwide fraud scheme orchestrated by the family of one NewJeans member (the member’s uncle, identified as Mr. Lee) and a certain businessman, who plotted to boost or manipulate the stock price of a specific company.”
He argued that “the essence of the NewJeans tampering case is that Mr. Lee, who claims to have close ties with Hybe’s key management, exploited CEO Min Hee-jin’s situation to plan NewJeans tampering and brought in market-rigging forces to disrupt the stock market.”
Previously, NewJeans’ agency ADOR filed a damages lawsuit worth about 43 billion won against former member Danielle Marsh, whose contract was terminated, one of her family members, and former CEO Min Hee-jin. The case was assigned to Civil Settlement Division 31 of the Seoul Central District Court, which also handled the stock dispute lawsuit between former ADOR CEO Min and Hybe.
Civil Settlement Division 31 of the Seoul Central District Court is currently hearing Hybe’s lawsuit seeking confirmation of termination of the shareholders’ agreement against Min, as well as Min’s lawsuit against Hybe for payment of stock purchase proceeds.
jashin@fnnews.com Shin Jin-ah Reporter