Newjaans changes the name to NJZ, announces new dates of songs and interpretation

The South Korean girls group, Newjaans, announced today that it will be presented in March under its new NJZ name, in the middle of an ongoing legal dispute with the Administrator Tag.

Talking to CNBC ON “Squawk Box Asia“, the group said it will work in the Complexcon Hong Kong Festival Established for March 21 to 23, with the event adding NJZ as co-found.

The five -member band will present a new song on the last day of the event, and the members will also present only during the festival, the group said.

The event can mark the first important event of the group as it said it separated from adorn. Its members said they finished their contracts with the company on November 28.

However, according to reports, Ador has submitted two precautionary measures in the courts of South Korea, one in December Confirm the validity of group contracts and another in January To prevent the Firm Group independently from advertising contracts, according to the South Korean news agency, Yonhap.

Ador is a K-Pop Powerhouse Hybe Sublababel, which manages groups, including the boys band, BTS. Hybe’s shares fell 0.63% shortly after the interview.

The group, formed in 2022, also announced its new name, NJZ, On Instagram today, After previously asking fans to send ideas for a temporary group name after the alleged deviation from adorn.

The Herald of Korea reported that Newjaans had completed all the “main commitments”, except for some obligations related to the announcement, under his contract with adorn from January 5.

The Danielle group member told CNBC that the situation is still “quite terrifying for us”, adding that ador “is still interfering with much of our work.”

The Hanni member also added that NJZ’s goal for 2025 was “to launch music as quickly as possible … because we want to remodel the focus on our work and what we should be.”

She added: “Honestly, we haven’t done anything wrong, so we are not afraid of anything at this time. I think we are more excited to see what the future holds, and I am sure that everything will work out. Well.”

Newjaans argues that “he will never return” to Hybe and Ador, while Ador said that the group’s contracts remain valid until 2029.

South Korea’s media reported that an audience for the The contract dispute will take place in Aprilwhile the hearing for the court order of the advertising contract is As reported, scheduled for March 7.

The group became one of the most popular faces of K-Pop when it debuted in 2022, winning numerous praise in South Korean awards shows and that their songs appear in the posters lists. In 2024, Newjaans had also won THE GROUP OF THE YEAR AWARD In Billboard’s Women in Music Ceremony.

Newjaans said at a press conference on November 28 That he was leaving ador, claiming that the seal had violated his contract with the band.

The movement saw Hybe lose as much as 6.97% of the price of its action, or $ 423 million of its market capitalization on November 29.

“Being here would be a waste of time and only bring pain, mentally,” said Hanni then.

“There is nothing we can earn professionally when we stay here, so we do not see any reason to stay in adorns,” according to a Translation through the media of South Korea Yonhap.

Newjaans had been at the center of a long-lasting management dispute between Hybe and then the CEO of Ador, Min Hee-Jin, who formed Newjaans in 2022.

In AprilHybe accused MIN of trying to take the Sublababel Independent, along with Newjaans.

Minimum He denied the accusations And Hybe denounced, saying that they had copied the concept of Newjaans to use with another band of girls under a different Hybe subsidiary.

Minimum He resigned as CEO of ador in August, But he remained as director of the company, before completely resigning on November 20.