Wednesday, May 29, 2024

HYBE denounces Min Hee Jin and ADOR affiliates to court: what will they do with NewJeans

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On April 25 KST, HYBE Labels announced his complaint before the Justice against Min HeejinCEO of ADORand producer of newjeansand affiliated parties for attempting to seize the subsidiary brand (ADOR).

Why ADOR’s Min Hee Jin was reported

HYBE -founded by Bang Sihyuk– confirmed through the results of the internal audit made in ADOR that a plan was established to take over management rights under the leadership of ADOR CEO Min Hee Jin. Based on the results, HYBE will file a complaint against those involved on charges of trust abuse.

In a press release, HYBE revealed: “An audited official presented detailed information as evidence, including the plan to take over management of ADOR and attempts to contact outside investors. The official also admitted to creating documents intended to attack HYBE.”

The evidence obtained during the audit contained indications that Min Hee Jin had ordered ADOR management to investigate ways to “pressure” HYBE to sell his shares in ADOR, HYBE said. “Following this order, detailed discussions took place on how to prematurely terminate the artists’ exclusivity contracts and how to void the CEO’s contract with HYBE,” HYBE explained.

Conversation logs KakaoTalk presented as evidence hinted at plans such as “preparations to win over public opinion in May”, as well as “take away the artists and leave ADOR as an empty shell”.

Kakaotalk scandal Min Hee JIn
conversations of KakaoTalk presented as evidence (via Naver)

Furthermore, the words used by the auditee, “the ultimate goal is to sever ties with HYBE”were words they wrote after hearing them from Min Hee Jin herself.

Based on the evidence collected, HYBE Labels intends to file charges against Min Hee Jin and all other implicated ADOR affiliates for professional negligence and other criminal acts.

What happened to Newjeans after the conflict with HYBE

HYBE He said he will do everything possible to Provide psychological and emotional care to NewJeans members and support them for a successful return in the future. They also plan to meet with members’ legal representatives as soon as possible to discuss ways to protect them.

Min Hee-jin and Newjeans
Min Hee-jin and Newjeans

Finally, HYBE reported: “We plan to support NewJeans members in every way, including providing them with mental and emotional care, so that they can return successfully.. “We will also meet with members’ legal representatives as soon as possible to discuss protective measures.”

In the midst of the tremendous conflict between HYBE and its subsidiary ADORthe focus is on whether the return of girl group Newjeans will develop as planned.

Initially, ADOR said that they have no plans to make any announcement and that For the moment they will focus solely on the return of NewJeans, which will begin on May 24 with the release of a new double single, which will include four new songs “How Sweet” and “Bubblegum.”

With the news of the official complaint, the future of the group made up of Minji, Hanni, Danielle, Haerin and Hyein is unknown.

Who owns ADOR

ADOR, created by Min Hee Jin under HYBE in 2021, is 80% owned by HYBE. Min Hee Jin acquired an 18% stake last yearmaking it the second largest shareholder.

Bang Si-hyuk and Min Hee-Jin
Bang Si-hyuk, founder of HYBE, and Min Hee-Jin

A company insider commented, “Although HYBE has the majority of the management rights and shares, Min Hee Jin also retains the intellectual property (IP) rights of the artists, so it is not entirely impossible for her to exert pressure .”

HYBE CEO Park Ji Won
Park Ji Won, CEO of HYBE

How old are the NewJeans girls?

minjiwhose real name is Kim Min-ji, was born on May 7, 2004 (19 years old), in Gangwon, South Korea.
hanniwhose real name is Phạm Ngọc Hân, was born on October 6, 2004 (19 years old), in Melbourne, Australia.
Daniellewhose real name is Danielle Marsh, was born on April 11, 2005 (age 19), in Newcastle, Australia.
Haerinwhose real name is Kang Hae-rin, was born on May 15, 2006 (age 17), in Gimcheon, South Korea.
Hyein whose real name is Lee Hye-in, was born on April 21, 2008 (age 16), in Incheon, South Korea.

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