Seoul Court Halts Hybe's Attempt to Remove Ador CEO Min Hee-jin

Seoul Court Halts Hybe's Attempt to Remove Ador CEO Min Hee-jin

By Marcus Hartley

November 17, 2024 at 10:29 PM

A Seoul court has blocked Hybe from dismissing Min Hee-jin as CEO of music label Ador, citing insufficient evidence for the company's case. The ruling prevents Hybe from exercising voting rights to remove Min during the May 31 shareholder meeting.

Min Hee-jin with dark flowing hair

Min Hee-jin with dark flowing hair

The dispute began in April when Hybe initiated an internal audit against Min, investigating allegations that she attempted to take control of Ador through a potential management buyout. Min, who owns 18% of Ador shares, countered by claiming unfair treatment from Hybe (80% stakeholder) and discrimination against Ador's K-pop group NewJeans.

Key developments:

  • Hybe filed a police complaint against Min for alleged breach of duty
  • Min secured an injunction blocking Hybe's voting rights
  • Both parties launched public relations campaigns to gain support
  • The police investigation remains ongoing

Hybe has stated they will comply with the court's decision but plans to pursue other legal options regarding Min's alleged attempt to take control of Ador, signaling that the conflict is far from resolved.

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