Korea Management Association "Newzins, Talk to Audor"

Amid a dispute over exclusive contracts between the group Newzins and Adore, the Korea Management Association, an organization composed of management industry workers, has expressed its position.

In a statement, the Korea Management Association said it hoped Newzins would withdraw its previous judgment that it would terminate the contract and respond to talks with Adore.

He then said, "If the contract is terminated only by declaration, how will the validity of the exclusive contract be guaranteed?" and stressed that the termination of the contract should be approached very carefully.

In particular, the company that made the investment first had no choice but to be the underdog of the exclusive contract, and argued that an approach like Newzins is a malicious way to shake the foundation of the popular culture and arts industry.

Earlier, Newzins held an emergency press conference on the 28th of last month and declared the termination of the contract, saying that Adore violated his exclusive contractual obligations.