Court rules that HYBE cannot fire CEO Min Hee Jin

HYBE has not been able to fire Min Hee Jin - producer of NewJeans. Photo: Naver

On May 30, Korean media reported that the Seoul Central District Court's Civil Redress Division No. 50 decided to approve the application for a temporary restraining order by ADOR CEO Min Hee Jin against HYBE Group's voting rights.

After reviewing the arguments and documents submitted by HYBE, the court held that the reason for firing CEO Min Hee Jin was not fully proven. CEO Min Hee Jin can still maintain the role of CEO of ADOR, continuing to accompany NewJeans.

HYBE, which owns 80% of ADOR, has submitted the dismissal of ADOR CEO Min Hee Jin as an agenda item at the extraordinary general meeting of shareholders. HYBE wants to appoint a new board of directors for ADOR.

Min Hee Jin objected to this and filed a petition for a temporary restraining order with the Seoul Central District Court to prevent HYBE from exercising its voting rights.

Min Hee Jin will continue to accompany NewJeans. Photo: Naver

The court held a hearing on May 17 and considered whether the “shareholder contract” could restrict the exercise of voting rights under the Commercial Law.

As the request for an injunction filed by CEO Min Hee Jin has been approved, the “uncomfortable coexistence” between CEO Min Hee Jin and HYBE is expected to continue.

However, as HYBE has planned to replace other directors of ADOR besides CEO Min Hee Jin, Min Hee Jin is also said to face significant restrictions in her upcoming activities.

NewJeans is currently preparing for major events, such as their official debut in Japan in June with the double single "Supernatural", and a fan meeting at the "concert cathedral" Tokyo Dome.

Since CEO Min Hee Jin played an important role in the birth and success of NewJeans, fans expressed excitement at the news that the female CEO may continue to stay at ADOR.

Source: https://laodong.vn/giai-tri/toa-an-phan-quyet-hybe-chua-the-sa-thai-ceo-min-hee-jin-1346663.ldo