The ex-boss of NewJeans' record label has offered to forgo a 25.6bn won ($17.9m; £13.2m) payout if entertainment giant Hybe drops all lawsuits against the K-pop group.
“There’s a pool, I think, of wannabe buyers who have just been sitting on the sidelines and waiting for rates to come down,” Daniel Seely told WSJ. “If they see a drop from above 6, to having that first number be 5, I think that would bring a lot of people out.”
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