HYBE has been engaged in a feud with ADOR CEO Min Hee Jin for the previous few days. They launched an audit in opposition to her on April 22, 2024. On April 25, 2024, after her explosive press convention, HYBE launched the interim outcomes for the convention. They despatched off the next to varied media retailers with the beginning be aware as beneath.
Hello, that is HYBE.
On April 25, we shall be saying the interim (halfway) outcomes for the audit that HYBE is at present within the strategy of finishing up in opposition to our label, ADOR, for makes an attempt on attempting to usurp administration energy.
Through the audit, we’ve verified the detailed information and secured bodily proof that ADOR CEO Min Hee Jin led the cost in organising plans for the coup. We will ship you further associated press supplies. Thank you.
— HYBE
Their announcement contained the next press package.
Interim Results Announcement About ADOR’s Attempts at Usurping Management Rights From HYBE
- Contact with exterior buyers, appeared into methods to terminate present artist contracts, secured bodily proof and testimonies.
- Secured dialog log that discusses plans to place this to fruition, together with the road “let’s flip ADOR into an empty shell and take [the members] and go away.
On April 25, we announce the interim (halfway) outcomes for the audit that HYBE is at present within the strategy of finishing up in opposition to our label, ADOR, for makes an attempt on attempting to usurp administration energy.
Through the audit, we’ve verified the detailed information and secured bodily proof that ADOR CEO Min Hee Jin led the cost in organising plans for the coup.
As proof, one the audit targets admitted that he submitted data belongings containing plans to take over administration rights involved to exterior buyers, and that he additionally wrote issues that may very well be utilized in assault in opposition to HYBE.
According to the face-to-face investigation outcomes and transcripts discovered within the submitted data belongings, ADOR’s CEO instructed the administration board to provide you with a solution to strain HYBE to promote their stakes in ADOR.
According to this instruction from ADOR’s CEO, there have been particular discussions held on methods to terminate ongoing unique contracts for artists, and how one can terminate the contract between the CEO of ADOR and HYBE. There have been additionally conversations corresponding to “Let’s get world funding and make a cope with HYBE,” “Appeal utilizing essential issues about every thing HYBE does,” and “Think about how one can torture HYBE.”
The transcripts additionally included motion plans corresponding to “Preparing for a media play conflict in May” and “flip ADOR into an empty shell, take [the members] and go away.”
Hive additionally secured an announcement from the audit goal that “they wrote down the phrases they heard personally from the CEO of ADOR, ‘finally we are going to go away HYBE’”.
Based on the info, HYBE plans to file a prices in opposition to these concerned on the twenty fifth on prices {of professional} breach of belief.
HYBE plans to do its finest to offer psychological and emotional look after the members of NewJeans sooner or later and for his or her profitable comeback. It additionally plans to satisfy with the members’ authorized representatives as quickly as potential to debate methods to guard them.
Park Ji Won, the CEO of HYBE, stated, “We apologize to followers, artists and members for inflicting concern with what occurred within the strategy of sharpening our multi-labels system.” including, “When the case is over, we are going to do our greatest to heal the thoughts and stabilize the feelings of artists, whom are helpful belongings of Ok-pop.”
— HYBE
Meanwhile, you’ll be able to learn extra on the case type Min Hee Jin’s point-of-view beneath.
Min Hee Jin Claims HYBE CEO Banned Her From Promoting NewJeans Because Of LE SSERAFIM
Share This Post
Source: www.koreaboo.com