As New Jeans announced the termination of their contract with Adore, liquidated damages, group disbandment, and advertising schedules have become issues. From the possibility of collaboration with former CEO Min Hee-jin to the outlook for liquidated damages, we've compiled everything that was revealed at the New Jeans press conference!

1. New Jeans and Adore announce termination of contract

On November 28th, New Jeans held an emergency press conference and officially announced that they would be terminating their exclusive contract with Adore at midnight on the 29th. The reason given was that the agency had violated their contract. The members said that they made this decision because they believed Adore had neither the will nor the ability to protect them.

At the press conference, Minzy declared, “Our contract with Adore will be terminated starting midnight today,” and all members expressed strong dissatisfaction with their agency. However, the situation is expected to become more complicated going forward, as issues of possible penalty fees and the right to use the group name are also added to the mix.

2. How much will the deposit be?

The remaining contract period for New Jeans is approximately 5 years . Based on the Fair Trade Commission's standard exclusive contract.

The penalty is calculated by multiplying the average monthly sales for the previous two years by the number of months remaining in the contract.

Considering the current profits earned by New Jeans from advertisements, albums, and merchandise, it is predicted that the penalty could amount to 400 to 600 billion won.

However, New Jeans is claiming that Adore and Hive are responsible for the penalty. Member Haerin strongly refuted this claim at a press conference, saying, “We did not breach the contract.”

3. What about the advertising schedule and group disbandment?

What fans are most curious about is whether New Jeans will be able to continue their activities after their contract is terminated. New Jeans stated, “**All schedules and advertisements that have been scheduled so far will proceed as planned**.”

They also firmly denied the group's disbandment. Hyein emphasized the strong bond between the members, saying, "Even if we can't use the name New Jeans, the five of us will be together forever." In other words, even if they leave the agency, New Jeans will continue their activities without disbanding.

4. Possibility of reuniting with Min Hee-jin?

At the press conference, the members strongly expressed their desire to “continue working with former CEO Min Hee-jin.”

He acknowledged that New Jeans' musical color and image came from his collaboration with Min Hee-jin, and said he hopes to continue working with her in the future.

Fans are also looking forward to the possibility of a reunion with Min Hee-jin. However, since Min Hee-jin is still in Adore, it seems we will have to wait and see if this collaboration becomes a reality.

5. What are your plans going forward?

New Jeans appears to be looking to start a new challenge by terminating his contract.

However, a legal dispute with Adore seems unavoidable, and the controversy over the rights to use the group name and the penalty fee is likely to continue.

They clearly expressed their will to continue their activities by leaving a message to their fans saying, “The five members of New Jeans are forever,” so it seems like it would be good to look forward to New Jeans moving in a new direction!

No matter what happens, fans can rest assured that the friendship and teamwork of the five New Jeans will last forever. It’s a moment that makes us look forward to the future of New Jeans even more!