image text translation
On March 14th, at the Min meeting, Adore CEO and
Kakao Rock conversation between vice presidents
Average monthly sales set at 200 million won
If the termination date is set at the end of June, the remaining period is
Deputy Representative A
Approximately 62 months and the cancellation amount per person is
Approximately 12.4 billion won, 62 billion won with 5 people
Expected:
However, in the currently concluded shareholder agreement,
Changes, terminations, or changes to important contracts,
Kyungshin received approval from Adore’s board of directors.
It is to be received and proceeded with.
lim?
New Jeans?
CEO Heejin Min
Deputy Representative A
How long has it been since then?
CEO Heejin Min
The amount depends on the average monthly sales
It may get bigger.
Deputy Representative A
300 million + 93 billion won
400 million + 124 billion won
The average monthly sales is 2 billion won per person.
I think I should catch it
Deputy Representative B
Oh sorry:
I calculated it based on the paper settlement amount,
Deputy Representative A
Sales amount ranges from 1.5 billion won to 2 billion won per person.
It looks like it will come out:
It is 450 billion won-620 billion won.
Min Hee-jin’s March KakaoTalk message: “If the contract is terminated, the penalty is up to KRW 620 billion… The damage is too great.”
https://v.daum.net/v/20241124145951545
According to the KakaoTalk conversation log between former CEO Min and two former vice-presidents of Adore, who are known to be close associates, obtained by Chosun.com on the 24th, three people, including former CEO Min, asked about the amount of penalty if New Genes terminated its exclusive contract with Adore last March. discussed.
The penalty they calculated ranged from 450 billion to 620 billion won.
This transcript was made public during the trial process for a temporary injunction that former CEO Min filed against Hive to ban the exercise of voting rights.