In the audit process of HYBE regarding the talent agency ADOR, which manages NewJeans, an internal document containing evidence of an "attempted takeover of management rights" was discovered. 

ADOR executive Mr. A clarified the suspicions surrounding the document.

On April 23, Mr. A told Newsis, "The content of the 'ADOR internal document' currently known through the media reflects my own personal concerns. It was written in response to the long-standing conflict between HYBE and ADOR."

He denied that the content of the document was discussed with other ADOR executives, including CEO Min Hee Jin, stating that it was a personal piece not shared with any other ADOR staff.

He added, "I deeply regret that this personal 'memo,' which has never been implemented or put into action, is being portrayed in various articles as an 'internal document' leaked to HYBE just because it was stored on the company's laptop."

It was reported that HYBE discovered the internal documents written by Mr. A last month during the audit of ADOR.

In the document, Mr. A had written a scenario on how HYBE could sell 80% of its stake in ADOR and even conducted a feasibility study. Additionally, it was revealed that Mr. A had considered bringing in external investment banks and global sovereign wealth funds to explore the option of selling ADOR.

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