Negans attends the SBS Music Awards in Incheon, South Korea on December 25, 2024.
Chosunilbo JNS | Imase Gety pictures
The South Korean Girls Group Negins announced today that it will perform its performance in March under its new NJZ, amid a continuous legal dispute with the Ador administrative brand.
Speaking to CNBC on “Squawk Box ASIA”, the group said it would lead to Hong Kong Complex Festival He was appointed from 21 to 23 March, with the addition of the NJZ event as a co -commander.
The group said that the group of five members will reveal a new song on the last day of the event, and the members will also perform an individual performance during the festival.
This event may be the first major event of the group because he said it was separated from ADOR. Its members said they had ended their contracts with the company on November 28.
However, ADOR has submitted judicial orders in the South Korean courts, one in December to Make sure the group contracts are correct and Another in January To prevent the group from signing the decades independently, according to the South Korean News Agency.
Ador is the Sublabs of K-Pop Powerhouse Hybe, which runs groups including Boy Band BTS. Hybe shares decreased by 0.63 % shortly after the interview.
A new name has been announced
The group, which was formed in 2022, announced its new name, NJZ, On Instagram todayand After I previously asked the fans to present ideas for the name of a temporary group after the assumed departure from the Ador.
Korea Herald mentioned NewJeans has completed all “major obligations”, with the exception of some advertising obligations, according to its contract with ADOR as of January 5.
Group member Daniel CNBC told the situation that the situation is still “very frightening for us”, and added that ADOR “is still interfering with many of our work.”
Member Hani also added that NJZ’s goal for 2025 was “the launch of music as quickly as possible … because we want to reformulate the focus again on our job and what we should be.”
“Frankly, we did not do anything wrong, so we are not afraid of anything today. I think we are more excited to see what the future hides, and I am sure that everything will succeed well.”
Negans asserts that he “will never return” to Hybe and Ador, According to yonhapWhile Ador said that the group contracts are still valid until 2029.
In response to CNBC inquiries, Ador said he regretted that “members have made this option unilaterally,” indicating the change of the group’s name.
The poster also added that he remains “committed to protecting the value of the Nijins brand, and repeated its position to meet with members or their legal representatives” at any time to clarify any misunderstanding and cooperative planning for the future activities of the group.
The South Korean media reported that a hearing The contract dispute will be held in AprilWhile the hearing of the announcement is a judicial matter According to what was decided on March 7.
The group became one of the most popular faces in the K-POP when it first appeared in 2022, and won many awards in the South Korean Prize shows and her songs appeared on Billboard plans. In 2024, Negins also won General Group Award At Billboard’s Women in Music.
Contract dispute
And this step witnessed a loss to lose as much 6.97 % of its share price, or $ 423 million from the market value on November 29.
Hani said at the time: “Survival here will be a waste of time and will only bring pain mentally.”
“There is nothing we can gain professionally from staying here, so he does not see the five reason to stay in Ador,” according to ADOR. Translation by South Korean media Yonhap.
Hayreen, Daniel, Hani, Menji and Hayain from NJZ, then known as Nigins, attended a press conference on November 28, 2024 in Seoul, South Korea, where they said they had completed their contracts with the Administration Agency.
Chung Song John Getty Images Entertainment | Gety pictures
Negans was at the Long -term Management Conflict between Hybe and former CEO of ADOR Maine He is Jin, who formed Negins in 2022.
In April, Hybe Maine was accused of trying to obtain Sublabs Independent, along with Newjeans.
minute He denied these allegations Hybe condemned, saying that it copied the NewJeans concept to use it with another girl group under a different subsidiary of Hybe.
Maine as ADOR CEO in August, but he remained director of the company, was completely resigned on November 20.