They launched press supplies to media.
HYBE has been engaged in a feud with ADOR CEO Min Hee Jin for the previous few days. They launched an audit towards her on April 22, 2024. On April 25, 2024, after her explosive press convention, HYBE launched the interim outcomes for the convention. They despatched off the next to varied media shops with the beginning notice as under.
Hello, that is HYBE.
On April 25, we can be saying the interim (halfway) outcomes for the audit that HYBE is at the moment within the strategy of finishing up towards our label, ADOR, for makes an attempt on making an attempt to usurp administration energy.
Through the audit, we have now verified the detailed details and secured bodily proof that ADOR CEO Min Hee Jin led the cost in organising plans for the coup. We will ship you extra associated press supplies. Thank you.
— HYBE
Their announcement contained the next press package.
Interim Results Announcement About ADOR’s Attempts at Usurping Management Rights From HYBE
- Contact with exterior buyers, seemed into methods to terminate current artist contracts, secured bodily proof and testimonies.
- Secured dialog log that discusses plans to place this to fruition, together with the road “let’s flip ADOR into an empty shell and take [the members] and go away.
On April 25, we announce the interim (halfway) outcomes for the audit that HYBE is at the moment within the strategy of finishing up towards our label, ADOR, for makes an attempt on making an attempt to usurp administration energy.
Through the audit, we have now verified the detailed details and secured bodily proof that ADOR CEO Min Hee Jin led the cost in organising plans for the coup.
As proof, one the audit targets admitted that he submitted data belongings containing plans to take over administration rights in touch to exterior buyers, and that he additionally wrote issues that might be utilized in assault towards HYBE.
According to the face-to-face investigation outcomes and transcripts discovered within the submitted data belongings, ADOR’s CEO instructed the administration board to give you a option to strain HYBE to promote their stakes in ADOR.
According to this instruction from ADOR’s CEO, there have been particular discussions held on methods to terminate ongoing unique contracts for artists, and how you can terminate the contract between the CEO of ADOR and HYBE. There had been additionally conversations akin to “Let’s get international funding and make a cope with HYBE,” “Appeal utilizing important issues about all the things HYBE does,” and “Think about how you can torture HYBE.”
The transcripts additionally included motion plans akin to “Preparing for a media play conflict in May” and “flip ADOR into an empty shell, take [the members] and go away.”
Hive additionally secured an announcement from the audit goal that “they wrote down the phrases they heard personally from the CEO of ADOR, ‘in the end we are going to go away HYBE’”.
Based on the information, HYBE plans to file a prices towards these concerned on the twenty fifth on prices {of professional} breach of belief.
HYBE plans to do its finest to supply psychological and emotional take care of the members of NewJeans sooner or later and for his or her profitable comeback. It additionally plans to fulfill with the members’ authorized representatives as quickly as potential to debate methods to guard them.
Park Ji Won, the CEO of HYBE, mentioned, “We apologize to followers, artists and members for inflicting concern with what occurred within the strategy of sprucing our multi-labels system.” including, “When the case is over, we are going to do our greatest to heal the thoughts and stabilize the feelings of artists, whom are priceless belongings of Ok-pop.”
— HYBE
Meanwhile, you may learn extra on the case kind Min Hee Jin’s point-of-view under.
Min Hee Jin Claims HYBE CEO Banned Her From Promoting NewJeans Because Of LE SSERAFIM
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