HYBE has released a statement regarding the dismissal of former ADOR CEO Min Hee Jin.

On the 13th, HYBE told Xports News, “The shareholder agreement was a contract between HYBE and former CEO Min Hee Jin, but it has already been terminated. If there’s a valid reason, it can be ended with written notice, and once terminated, the agreement no longer applies.”

They added, “A lawsuit has been filed to legally confirm the termination of the shareholder agreement, so we just need to wait for the court’s decision.” HYBE emphasized, “The decision to dismiss former CEO Min was made independently by ADOR’s board based on business judgments and is unrelated to HYBE or the shareholder agreement.”

HYBE also stated, “We regret that former CEO Min, who has always emphasized the importance of ADOR operating independently, is not following the decisions of ADOR’s board.”

Earlier, Min Hee Jin’s team announced they filed for a provisional injunction at Seoul Central District Court. This legal action aims to hold an emergency shareholders' meeting for ADOR and to reappoint ADOR’s internal directors.

Min Hee Jin’s side explained, "We were preparing a provisional disposition to dispute the effectiveness of the representative director's dismissal. However, considering that an extraordinary shareholders' meeting is needed to re-elect a director of ADOR by November 2, 2024, and the court's deliberation period for the provisional disposition, we have filed a provisional disposition requesting that former CEO Min Hee Jin be re-elected as a director of ADOR and then appointed as CEO." They added, "HYBE should stop its continued breaches of contract, business interference, defamation, and insults, and make rational business decisions for the future of ADOR and NewJeans."


Additionally, on the 11th, NewJeans held an emergency live broadcast on their own, asking HYBE to reinstate former CEO Min Hee Jin. NewJeans said, “If our message has been clearly delivered, we hope that Chairman Bang and HYBE will make a wise decision to return [Min Hee Jin] to ADOR by the 25th.”