[theqoo] HYBE, TERMINATES MIN HEEJIN'S SHAREHOLDER AGREEMENT ft. STATEMENT

Min Hee-jin's 'term guarantee' clause and options removed. ADOR Board appoints Kim Joo-young as new CEO.

It has been confirmed that the shareholders' agreement between HYBE and former ADOR CEO Min Hee-jin has already been terminated. The basis for guaranteeing Min's CEO position and financial compensation has been eliminated. According to the Financial Supervisory Service's electronic disclosure system on the 27th, HYBE has terminated the shareholders' agreement with Min and others. In connection with this, they have filed a lawsuit for confirmation of the termination of the shareholders' agreement, as revealed in their semi-annual report. Considering the timing of the confirmation lawsuit, it is estimated that the termination of the contract occurred around July.

source: https://www.topdaily.kr/articles/98841

original post: here

1. Low-HYBE flop already

2. It's only right for low-HYBE to flop

3. Wow... Whether she gets to manage or not, she needs to win this

4. HYBE are legendary thugs

5. I knew HYBE would just do whatever they want in the end...ㅎ..

6. Isn't the producing direction going to be super different from now on...?

7. Wow this is f*cking low ㅋㅋㅋ

8. Pay her her 200 billion

9. They're just doing whatever they want now tsk

10. Bang and Min shouldn't have management rights, Bang should screw off too

[theqoo] HYBE RESPONDS TO MIN HEEJIN'S DISMISSAL CONTROVERSY "PROCEEDING ACCORDING TO LEGAL PROCEDURES, SHE ATTENDED VIA VIDEO CONFERENCE"

ADOR, a label under HYBE, has released an official statement regarding the controversy surrounding the dismissal of former ADOR CEO Min Hee-jin.

Hybe (ADOR) stated in an official press release on August 27th, "Today, the ADOR board conducted the notification of the agenda and the voting process in full compliance with the procedures set by the Commercial Act and the company's articles of incorporation. The meeting schedule was set among the dates that former CEO Min Hee-jin had hoped to postpone."

The statement continued, "Former CEO Min attended via video conference, and after sufficient discussion, the board made the best choice for the future of ADOR and NewJeans." On this day, the ADOR board dismissed Min Hee-jin from her position. The vacant position will be filled by Kim Joo-young, a specialist in human resources (HR).

ADOR's Second Official Statement:

ADOR would like to inform you:

Today's ADOR board meeting was conducted in accordance with the procedures defined by the Commercial Act and the company's articles of incorporation for both agenda notification and voting. The meeting schedule was set based on one of the dates that former CEO Min Hee-jin had requested to postpone.

Former CEO Min attended via video conference, and after thorough discussions, the board made the best decision for the future of ADOR and NewJeans.

Thank you.

original post: here

1. Look at them with the "in compliance with the law" bullsh*t, you mean, you paid the law right?

2. There they are again with the lies

3. Low-HYBE-yah, how long are you going to pay your way through things like that

4. Attended the meeting =/= agreed to it ㅋㅋㅋㅋㅋㅋㅋ Their wording nuance is so bad

5. Are they joking? ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ Who agreed to this? You meant you forced the decision on her?

6. Her attendance wasn't even important though

7. Lying again?

8. HYBE did well

9. Low-HYBE, it's time to pay her