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Ador’s CEO, Min Hee-Jin, Extends Peace Gesture to Hybe
Following a recent court decision that blocked Hybe’s attempt to remove her as Ador’s CEO, Min Hee-Jin held a second press conference to address the ongoing conflict between the two companies. This event came after tensions were discussed at Hybe’s shareholder meeting. The initial press briefing in April was a response to an audit launched by Hybe against Min and other Ador executives for alleged breaches of fiduciary duty.
At the start of the press conference, Min expressed gratitude to those who supported her during the legal battle. She specifically acknowledged the backing from fans of the K-pop group NewJeans, a project she has been deeply involved in. She reaffirmed her commitment to realizing the shared vision with the group, prioritizing it over financial gains.
Min revealed upcoming plans, including a concert at the Tokyo Dome and a global tour set for the following year. She also extended an olive branch to Hybe, proposing reconciliation to uphold the common vision with NewJeans.
Hybe, known for its ventures beyond BTS, has benefited from Ador’s success with NewJeans under Min’s leadership. The court’s ruling in Min’s favor highlighted the importance of collaboration and a unified corporate vision.
Min stressed the need for constructive dialogues and a cohesive vision within the organization. She highlighted the significance of ethical management practices and hinted at potential legal clarifications regarding the court ruling.
During Hybe’s shareholder meeting, changes in the board’s composition raised concerns about Min’s position as CEO. Legal implications and potential obstacles were discussed by Min’s legal advisor, Timothy SK Lee, shedding light on the complex power dynamics within the company.
As the situation unfolds, the possibility of further discussions and legal actions looms, underscoring the complexity of the relationship between Ador and Hybe.
