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Court Transcript Excerpt (Sejong & Jung Jin-Soo) 2
Sejong (Attorney Lee): This is a very important matter.
Sejong (Attorney Lee): Regarding the calculation method, issues were raised about exclusive contracts and delegation contracts in relation to the authority of the CEO. Since the valuation multiples and revenue calculations are fundamentally based on such exclusive contracts, the purpose of the clause was to prevent HYBE from unfairly lowering the multiples by adjusting the contract. Do you recall that explanation?
Jung Jin-soo: I donβt remember well.
Sejong (Attorney Lee): Around April 22, 2024, many articles were released. Yet you testified you didnβt know about them. Arenβt you the head of legal affairs?
Jung Jin-soo: Is it the responsibility of the head of legal affairs to be aware of every article?
Sejong (Attorney Lee): Between April 22 and 25, numerous articles about the defendant were released almost hourly. Can you really say HYBE did not provide any leads at all?
Jung Jin-soo: There had been a major βtamperingβ scandal the year before. Perhaps comments about seeking investors or expressing dissatisfaction were picked up by reporters.
Sejong (Attorney Lee): Do you know, not know, or have you not confirmed whether HYBEβs PR staff provided information in a group chat for reporters?
Jung Jin-soo: I donβt know about that.