CEO Min Hee Jin of NewJeans' management company asked to resign

CEO Min Hee Jin is in charge of being the main producer of the NewJeans group. Photo: ADOR

On April 22, the Korean media was abuzz with shocking news about the entertainment group HYBE and its subsidiary ADOR - the management company of the girl group NewJeans, headed by CEO Min Hee Jin.

According to Yonhap News, the HYBE audit team went to the business area of ​​ADOR's board of directors to recover computer assets and secure direct testimony.

HYBE is said to have discovered through a tip that CEO Min Hee Jin and CEO A of the group were planning to usurp management rights of ADOR, and collected related evidence.

“Mr. A used his position to leak HYBE’s internal information to ADOR. Mr. A is suspected of transferring trade secrets necessary for ADOR’s independence since his time at HYBE,” an industry official said.

HYBE plans to take legal action if necessary based on the evidence secured.

ADOR is a company founded by HYBE in 2021 with an investment of 16.1 billion won. Currently, ADOR CEO Min Hee Jin - a former SM Entertainment Artistic Director - is in charge of producing the famous girl group NewJeans, and is the second largest shareholder after HYBE. 80% of ADOR's shares are held by HYBE, the remaining 20% ​​are held by ADOR's management board, including CEO Min Hee Jin.

On the same afternoon, there was information that HYBE requested to convene a general meeting of shareholders of ADOR and asked CEO Min Hee Jin to resign.

“It is true that control has been activated over ADOR executives,” a HYBE official later confirmed, but declined to say anything about the details of the situation.

Source link: https://laodong.vn/giai-tri/ceo-min-hee-jin-cua-cong-ty-quan-ly-nhom-newjeans-bi-yeu-cau-tu-chuc-1330613.ldo