NewJeans' contract with ADOR ends at midnight on the 29th... No penalty or provisional injunction lawsuit; ”The name will be protected”

NewJeans will terminate their exclusive contract with ADOR at midnight tomorrow (29th). An emergency report on the termination of NewJeans' exclusive contract was posted at a location in Seoul on the afternoon of the 28th.
A press conference was held. On this day, NewJeans members Minzy, HANI, HYERI, Daniel, and Haein attended and made their positions clear.
On the 13th, NewJeans announced to the management office ADOR that it would terminate the exclusive contract if they did not accept the request for correction, such as the return of Min Hee Jin, the former CEO of ADOR.
"NewJeans" demanded that all material violations of the Exclusive Contract be corrected within 14 days, and the deadline for the response was today.
In response, NewJeans held an emergency press conference to clarify their position. HANI stated, "The contents of the letter of intent sent to ADOR two weeks ago were agreed upon by all five members.
The reason for the emergency press conference was that the deadline for our request for correction was today. Even though it was after work hours, HYBE showed no intention of improvement or accepted our request.
"We have an overseas schedule and will be departing next week to come back to Japan, but we were worried about HYBE's manipulation of the media during that time. We have decided to take a firm stance and
We wanted to be clear, and after many conversations we were forced to hold a press conference. The reason we are leaving ADOR is very simple. Those of you who understand our situation know this:
"NewJeans" is an artist belonging to ADOR, and ADOR has an obligation to protect "NewJeans". This is the most basic obligation, but ADOR must protect "NewJeans".
There is no will or ability to protect them. Therefore, we feel that it is a waste of time to continue staying here, and the mental pain will continue. Above all, there is nothing to gain from the job, so there is no reason for the five of us to stay.
Minzy said, "The exclusive contract between NewJeans and ADOR will be terminated at midnight on the 29th. HYBE and ADOR are not in violation of the exclusive contract, just like in wordplay.
However, HYBE and ADOR are one and the same. ADOR that we worked with has changed a lot, and the existing directors were suddenly dismissed.
There is no reason to maintain an exclusive contract with a broken ADOR. Yesterday, ADOR was forced to issue a statement, a performance-based statement with no intention of improvement. None of our requests for correction were accepted.
They wouldn't let us in. We have repeatedly expressed our opinions, but we are tired of this insincere attitude. There are less than four hours left until midnight, but no correction has been made, so we will continue to use the 12-hour system.
The five members will be released from their exclusive contracts at midnight. Daniel said, "As of midnight, NewJeans will no longer be an ADOR artist. We want them to do what they really want to do.
I think that we will continue according to the promised schedule. The contracted advertisements will also proceed as planned. I am very grateful to the advertisers who always support us.
I wanted to convey that it is not necessary. I have no intention of causing any trouble to others after the contract is terminated." HYERI said, "I did not violate the exclusive contract. I have done my best up until now.
We have been working together as a team. I don't think there is any reason to pay a penalty. Rather, it is ADOR and HYBE that have violated the contract. The responsibility lies with ADOR and HYBE."
Haein also said, "We may no longer be able to use the name 'NewJeans' at midnight, regardless of our wishes. However, we will continue to use the name as long as the five of us agree to it.
There is no change. We have no intention of giving up the name "NewJeans". For some people, it may just be a matter of name and trademark rights, but for us, it is not so simple.
It's not a pure issue. It's a name that includes everything that's happened since the five of us first met. We will continue to use the name 'NewJeans' to secure the rights to it.
When asked if he would work with Min Hee Jin, the former CEO of ADOR, he said, "If possible, I would like to talk with Min Hee Jin. The people at ADOR are very sympathetic to our work.
They said there was a lack of communication, but we always shared our side of the story." Minzy said, "ADOR and HYBE violated the contract, so our exclusive contract was terminated.
Therefore, I don't think we need to go to the trouble of filing a provisional injunction lawsuit." Hye-in said she was hurt by the media's manipulation and said, "I am hurt and shocked by the media's manipulation that is visible from the outside.
"I received a lot of criticism. I've seen so many things that weren't true being exaggerated as if they were true. I felt there was no need to postpone the press conference any further."
Regarding her parents' reaction, HANI said, "It was something all five of us were doing together, and all five of our lives depended on it, so we had a lot of conversations.
"All the parents were very supportive," he said. As for the issue of rights to the name "NewJeans," he said, "There's been no progress yet. We have to discuss that issue in the future.
Minji added, "I want to work well with CEO Min Hee Jin. I have nothing to say to Chairman Bang Si Hyuk." Haein said, "I haven't had any particular conversation with him.
Daniel said, "I've said that I want to do the music I love with the people I love. I think that Min Hee Jin probably thinks the same way as us."
We want to continue working together." Finally, NewJeans said, "We have already expressed our opinions many times, and now we feel like it's a performance to want to speak out.
We felt that yesterday's statement was issued out of necessity. The statement began with "This statement is the implementation of measures based on the artist's certified content," which shows no sincerity.
I will talk about the legal aspects later, but the truth is that there has never been a case like ours where the contract was terminated. That's why we are expressing our opinion."