They were paying the girls.
The judicial process between I love AND Njz (Newjeans) Continues on April 3, 2025. With the main problem contested if Ador had successfully fulfilled his obligations as an exclusive management agency, Ador has revealed key information on finances during the process.
Ador said he had fulfilled his duty in terms of financial support and fair dividends, making substantial investments to develop the IP artist (intellectual property) of Njz and faithfully fulfilling his own regulation obligations.
Starting from November 2021 When ador Was Established, Hybe Acquired 100% of Ador’s Shares For ₩ 5.00 Billion Krw (About $ 3.41 Million USD) after separate from Source Music, then made additional investments of ₩ 10.0 Billion KRW (About $ 6.82 Million USD) in 2021 and ₩ 6.00 Billion Krw (About $ 4.09 Million USD) in 2022
The production cost for the NJZ debut album alone amounted to about 7.00 billion KRW (about $ 4.77 million), significantly higher than the average production cost of the albums of 3.00 KRW trillions (about $ 2.05 billion USD) at the moment. In total, almost ₩ ₩ ₩ ₩ ₩ ₩ ₩ ₩ ₩ ₩ ₩ ₩ 30.0 billion of KRW (about $ 20.5 million USD) have been invested in helping NJZ’s debut.
Ador also said that revenue settlements were underway. Even after receiving the notice of termination of the contract from members, the transaction payments continued every month. This consists of their advertising advertisement or EVET payments and other salaries. Only October 2023, over 12.0 billion KRW (about $ 8.18 million USD) were paid to NJZ members.
Ador stressed that “they made an unprecedented scale investment, exclusively for Njz” confuting that “Hybe Delices Njz“By calling these illogical assertions.
You can read more on the test below.
Ador calls Njz (Newjeans) claims to be contradictory during the process
