Min Hee Jin took her case directly to the public on February 25, holding a press conference where she personally addressed the outcome of her legal battles with HYBE and detailed her proposal to end all ongoing litigation.

The ooak records CEO explained her offer to give up the ₩25.6 billion won (approximately $18.5 million USD) she's entitled to receive through her put option in exchange for HYBE dropping all legal cases between the parties. This represents a significant financial sacrifice on Min Hee Jin's part to potentially resolve the lengthy dispute.

The press conference comes as a follow-up to reports earlier this week about the substantial offer, giving Min Hee Jin a platform to explain her reasoning and address the situation in her own words. As the former ADOR CEO, she has been embroiled in legal proceedings with HYBE following her departure from the company.

The put option, a contractual right that would typically allow Min Hee Jin to sell her shares back to HYBE at a predetermined price, represents a substantial sum she would forfeit under her proposed settlement terms. Her willingness to walk away from this significant payout suggests a strong desire to move forward and focus on her new venture, ooak records.

This latest development adds another chapter to the ongoing saga between Min Hee Jin and HYBE, which has attracted significant attention throughout the K-pop industry. The press conference format allowed her to present her side of the story directly to media and the public, rather than communicating through legal representatives or company statements.

Whether HYBE will accept this proposal remains to be seen, but Min Hee Jin's public approach demonstrates her commitment to finding a resolution to the legal disputes that have dominated headlines since her departure from ADOR.