Earlier on May 2, 2024, it was reported that ADOR CEO Min Hee Jin had allegedly requested for the rights to terminate NewJeans’ contract unilaterally, with out the necessity to undergo HYBE. Reports indicated that she had despatched this request to HYBE in early 2024. HYBE’s administration used this to deduce that Min Hee Jin was on a quest to usurp administration rights and energy.
ADOR’s Min Hee Jin Reportedly Has Planned NewJeans And Her Exit Since The Start Of 2024
In response, ADOR has acknowledged that Min made the request to be able to run a extra unbiased label.
“On January 25, 2024, Min Hee Jin had a face-to-face assembly with HYBE CEO Park Ji Won, by which she made some requests about [the exclusive rights to sign] vital contracts together with that of chosen exterior service suppliers and artists’ unique contracts. She had made the request to be able to resolve the unfair interference she confronted throughout NewJeans’ debut course of, in addition to to run a extra unbiased label.”
— ADOR
She despatched the requests moreover by means of an edited shareholder’s contract that was despatched to HYBE on February 16, 2024. After this, HYBE claimed that she was attempting to usurp administration rights.
ADOR additionally continued to accuse HYBE of distorting the reality.
“This is yet one more merchandise that footwear how HYBE distorts the reality and begins media play wars by cherry-picking. Furthermore, in the event that they plan on persevering with to make public the negotiations about shareholder contracts, we advise that they reopen discussions in regards to the contracts with us.”
— ADOR
Currently, HYBE and ADOR CEO Min Hee Jin are locked in a feud. HYBE accused Min of attempting to stage a coup, whereas Min has since denied the claims. You can learn extra about it under.
“Black Propaganda” — Min Hee Jin Claims That HYBE Is “Trying To Destroy Her” Using Media Play
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Source: www.koreaboo.com