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NewJeans attends the SBS Music Awards 2024 Red Carpet Awards at Arna Arena on December 25, 2024 in Intember, South Korea.
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.
Talk to CNBC at “Squawk box asia“The group said it would be presented in 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, it was reported that Ador has made 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.”
![NJZ, formerly new jeans, wants to re -focus into their music](https://image.cnbcfm.com/api/v1/image/108098998-17388984911738898489-38338149541-1080pnbcnews.jpg?v=1738898490&w=750&h=422&vtcrop=y)
Negins asserts that he “will never return” to Hybe and Ador, while ADOR said that the group contracts are still valid until 2029.
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
Negans said at a press conference on November 28 She was leaving Ador, claiming that the brand had violated her contract with the band.
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.
Seoul, South Korea – November 28: Hyayerin, Daniel, Hani, Minji and Hayain from the Negins Girls Girls Girls attended the press conference on November 28, 2024 in Seoul, South Korea. The K-Pop Girl NewJeans is holding a press conference to announce their contract with their agency.
Chung Song John Getty Images Entertainment | Gety pictures
Negans was at a long-term management conflict between Hybe and then CEO of ADOR Min Hee-Jin, who formed Newjeans in 2022.
In AprilHybe Maine accused of trying to take Sublabs Independent, along with newjeans.
minute He denied these allegations Hybe condemned, saying they have copied the NewJeans concept to use it with another girl group under a different subsidiary of Hybe.
minute He resigned from ADOR CEO in August, But I remained as a company manager, before the resignation fully on November 20.