Subtitles section Play video Print subtitles On the evening of November 28th, NUGENES, Minji, Hani, Danielle, Harin, and Hyein held an urgent press conference at the Spaceshare Samseong Station Center in Gangnam, Seoul, regarding the termination of their exclusive contract. In this conference, NUGENES announced that they will be ending their contract with Adore, stating that the agency has no intention nor ability to protect them, before adding that they will officially leave the company at 0am on November 29th. It's hard to maintain the exclusive contract when our trust has been broken, the girl group insisted. With five years remaining on their contract, industry estimates suggest that if NUGENES terminates their exclusive contract, the penalty, calculated as the anticipated profits the agency would earn during the remaining period, could amount to approximately 500 billion KRW, around 380 million USD. Addressing this, Harin stated, Earlier on November 13th, NUGENES sent a formal notice to ADOR using the full legal names of its members. The notice demanded that the agency rectify serious breaches of the exclusive contract within 14 days from the date the letter was received. The group declared that failure to comply would result in the termination of their exclusive contract. In the notice, NUGENES highlighted grievances, including HYBE's alleged internal decision to discard NUGENES and start fresh, and demanded that the agency take all necessary actions as their management company. They also requested the return of former ADOR CEO Min Hee a formal apology from a manager who reportedly told Hani to just ignore it, and the resolution of situations where NUGENES' achievements were comparatively downplayed due to push-out tactics. The deadline for the agency to respond to these demands was November 28th. While ADOR has issued an official statement regarding the case of Hani on November 27th, it seems that the female idol was displeased with the lackluster response.
B1 US contract agency exclusive november demanded penalty NewJeans Officially Leaves ADOR | NewJeans Won't Pay 400 Million USD Contract Penalty 10 1 fey22857 posted on 2024/11/29 More Share Save Report Video vocabulary