A live discussion with cultural critic Kim Gap-soo, lawyer Noh Jong-eon (Jonjae Law Firm) and broadcaster Heo Jae-moo was held on the YouTube channel “Maebul Show”.
Key points discussed included:
1. Mixed views on NewJeans stock
– Kim Gap-soo criticized the group’s decision, calling it impulsive and questioning the binding nature of their demands.
– Attorney Noh, however, defended NewJeans, calling their move strategic and citing legal precedent that breaches of trust can justify contract termination.
2. Complaints against HYBE and ADOR
– Attorney Noh highlighted allegations of abuse of power, referencing reports that then-HYBE CEO Park Ji-won had suggested a “one and a half year vacation” for NewJeans, potentially a veiled threat of block their career.
– The panel discussed the possibility of mutual lawsuits between HYBE and NewJeans, which could further erode trust.
3. Structural criticisms of HYBE
Criticism was aimed at HYBE’s multi-label system, which, while innovative, was seen as a fusion of K-pop’s corporate approach with a chaebol-like structure, potentially undermining artists’ creative independence.
4. Industry-wide implications
The case touches on broader issues such as artists’ rights over industry priorities, raising questions about whether K-pop should prioritize human rights or its global competitiveness.
5. Concerns about HYBE’s business practices
Speakers discussed ethical concerns about HYBE’s listing process, suggesting potential legal violations and harm to small investors due to insider trading.
The debate highlights tensions in K-pop’s evolving industry model, with the case of NewJeans highlighting the balance between corporate control and artist autonomy.
Source: Naver
