All articles tagged with #min hee jin
HYBE's stock value plummeted by $423 million following the departure of K-Pop group NewJeans, who terminated their contract with ADOR. This decision came amid ongoing tensions between the group, HYBE, and former ADOR CEO Min Hee Jin, to whom NewJeans remains loyal. The group's exit has significantly impacted HYBE's market position, causing a 6.97% drop in share prices.
K-pop group NewJeans announced their departure from agency Ador, a Hybe subsidiary, citing mistreatment and manipulation. The split follows a long-standing conflict involving former producer Min Hee-Jin and Hybe's chairman. NewJeans filed a legal notice demanding contract breaches be resolved, and warned they might not retain their band name post-contract. Despite Ador's denial of contract violations, the group insists on mistreatment and seeks to work with Min, who left Ador amid similar disputes.
Min Hee-jin, former CEO of ADOR, a subsidiary of K-pop giant HYBE, has announced her resignation following a seven-month dispute with HYBE. The conflict involved allegations of Min attempting to take control of ADOR, which she denies, claiming it was retaliation for her whistleblowing. Despite support from NewJeans members and their parents, Min's injunction for reinstatement was rejected by the court. She plans to pursue legal action against HYBE and continue her career in the K-pop industry.
ADOR CEO Min Hee Jin discussed her management philosophy, thanked NewJeans' fans, and outlined future plans for the group during a press conference. She addressed the dismissal of ADOR's executive board members, her legal victory against HYBE, and the emotional toll of the conflict. Min Hee Jin emphasized her commitment to the company's success and rational management, while also expressing her close relationship with NewJeans and their families. She revealed plans for NewJeans' first world tour and reiterated her hopes for their happiness and growth.
At a press conference, ADOR CEO Min Hee Jin expressed relief after being cleared of embezzlement accusations and suggested reconciliation with HYBE. She emphasized her commitment to her vision for NewJeans and addressed the emotional toll of recent events, while also discussing future plans for the group, including a concert at the Tokyo Dome and a world tour.
ADOR CEO Min Hee-jin held a press conference to address her ongoing legal and corporate battles with parent company HYBE. She expressed relief over a court ruling that blocked HYBE from voting to remove her as CEO and discussed the emotional toll of the past month. Min emphasized her commitment to ADOR and NewJeans, while her lawyers explained the legal intricacies of the case. Despite the tension, Min called for constructive dialogue and expressed hope for an amicable resolution.
Min Hee Jin announced plans for a second press conference following ADOR's shareholder meeting, where HYBE controversially fired two ADOR executives despite a court ruling against using their voting rights. Min Hee Jin's lawyers warned that this move could lead to another legal battle, as there are no grounds for the terminations.
HYBE Labels dismissed two ADOR officers who supported CEO Min Hee Jin and appointed three new board members. This follows a court ruling protecting Min Hee Jin's position as CEO amid internal conflicts.
A Seoul court has ruled that K-pop producer Min Hee-jin will remain head of Hybe Co.'s music label Ador, preventing Hybe from dismissing her. The decision comes amid internal strife and allegations of discrimination against NewJeans, a group under Ador. Hybe plans to continue its legal efforts against Min, who has denied accusations of attempting to seize control of the label.