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Posted by Susan-Han Thursday, May 30, 2024

HYBE Labels dismisses two ADOR officers who sided with Min Hee Jin, appoints three new board members

AKP STAFF

On the morning of May 31 KST, an extraordinary board meeting of shareholders took place at the HYBE Labels subsidiary ADOR

On this day, HYBE Labels appointed three new board members at ADOR: Kim Joo Young, HYBE's chief human resources officer (CHRO); Lee Jae Sang, HYBE's chief security officer (CSO); and Lee Kyung Joon, HYBE's chief financial officer (CFO).

The two officers who had held board member positions at ADOR prior to the recent internal issues, vice president Shin and director Kim, were formally dismissed during this board meeting. These two officers were known to have sided with CEO Min Hee Jin when the internal feud came to light.

Meanwhile, on May 30 KST, the 50th Civil Affairs Division of the Seoul Central District Court approved of the injunction filed by CEO Min Hee Jin against HYBE Labels, protecting her position as CEO of ADOR. 

In response to the court ruling, HYBE Labels stated, "We respect the decision made by the court and assure that we will proceed with follow-up procedures which fall within the boundaries of the law." 

SEE ALSO: Former ADOR CEO Min Hee Jin files a lawsuit against BELIFT LAB for defamation, seeking .57 million in damages.

  1. Min Hee Jin
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Carlotta-22
Carlotta-222,471 pts Thursday, May 30, 2024 13
Thursday, May 30, 2024

That sounds reasonable to me. If MHJ remains, it's only fair that Hybe's 80% ownership is properly represented on Ador's board. After all, what's the point of being the majority owner if the company's direction is dictated by those representing only 20% of the shares?

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mixed_nuts
mixed_nuts3,060 pts Thursday, May 30, 2024 20
Thursday, May 30, 2024

she is basically on house arrest until the duration of her contract.

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