ADOR‘s CEO Min Hee Jin is at present embroiled in a “feud” with HYBE, and right here’s every little thing that’s occurred thus far.
On April 22, the world of Okay-Pop was rocked when it was reported that HYBE had exercised its position as a shareholder of HYBE after requesting a shareholder’s assembly as a consequence of an influence battle between HYBE and ADOR CEO Min Hee Jin. There have been additionally rumors that HYBE had requested Min Hee Jin to step down from her position as CEO.
Following preliminary stories, extra particulars in regards to the situation got here to gentle, with stories that HYBE had discovered proof that Min Hee Jin was making an attempt to depart HYBE and take ADOR together with her to turn out to be a separate entity.
It wasn’t lengthy earlier than information shops got here out with the detailed allegations towards Min Hee Jin that have been linked to a tip-off that HYBE had obtained. In the report, a few of the allegations included:
- ADOR’s inner administration (Min Hee Jin, deputy CEOs A and B) obtained exterior consulting concerning ADOR administration, which helped them arrange a plan to take over administration rights from HYBE.
- Min Hee Jin and deputy CEOs A and B leaked info to overseas funding advisors, personal fairness corporations, securities agency analysts, and consultants, together with contract info signed between ADOR and HYBE.
- Accusations that that they had secretly tried to govern public opinion on HYBE artists negatively to create a nasty impression for HYBE.
- Private artists’ info was leaked, together with pictures and media of the trainees earlier than their debut, in addition to private well being info.
Regarding ADOR’s solely artist, NewJeans, it was reported that they have been getting used to assist Min Hee Jin get leverage over HYBE to relinquish fairness within the firm. Hankyung News’ Market Insight reported a declare that Min Hee Jin had deliberate on leveraging her relationship with NewJeans to drive HYBE into giving in to her “calls for.”
Media outlet Dispatch then launched extra particulars about her alleged “coup,” confirming most of the earlier stories about Min Hee Jin eager to make ADOR autonomous, her entry to delicate info, and proof towards her, together with abusing staff.
Dispatch Unleashes Shocking Details About Ador Min Hee Jin’s HYBE Coup
After all of the controversies, Min Hee Jin made her first assertion the place she cited one of many causes behind her “feud” with HYBE was BELIFT LAB’s new woman group, ILLIT, allegedly plagiarizing NewJeans’ idea.
ILLIT copying NewJeans isn’t one thing that BeLift Lab did themselves, however HYBE was associated to it as effectively. HYBE, who claims to be the chief of Okay-Pop, was blinded by earnings, and they’re copying profitable tradition contents with none hesitation in any respect. ADOR has by no means allowed anybody to repeat NewJeans’ outcomes.
— Min Hee Jin
Following her point out of ILLIT, Min Hee Jin launched a full assertion concerning ADOR’s feud with HYBE and her earlier assertion. In the report, Min Hee Jin claimed her assertion was made to guard NewJeans and “the wholesome improvement of our nation’s music and tradition business.”
One of the labels beneath HYBE, BeLift Lab, debuted ILLIT in March 2024, a 5-member woman group. After ILLIT’s teaser pictures have been launched, there was explosive response on-line that individuals thought ‘it was NewJeans.’ ILLIT’s hair, make-up, outfits, choreography, pictures, movies, and even occasions, and so on, all of their exercise as celebrities have been copying NewJeans. There have been critiques that ILLIT is ‘Min Hee Jin’s type,’ ‘Min Hee Jin’s kind,’ and ‘NewJeans’ type,’ and so on. This can’t be one thing that they’re not embarrassed of.
— Min Hee Jin
HYBE reportedly has given Min Hee Jin till April 23 to reply to its request for a shareholders assembly. It can be fascinating to see how each side proceed to react to the continued allegations and the way they’ll affect the artists.
Share This Post
Source: www.koreaboo.com