ADOR’s Min Hee-Jin has stepped down from her CEO place. Ok-Pop powerhouse firm HYBE introduced the choice in a press convention on August 27, 2024 through a number of South Korean media websites like Korea JoongAng Day by day and Yonhap Information Company.
Min Hee-jin joined Huge Hit Leisure in 2019 and was concerned within the reconfiguration of the corporate to HYBE, which is now dwelling to teams like Seventeen, BTS, TXT, and ENHYPEN. She was appointed CEO of ADOR in November 2021. The corporate debuted the extremely profitable group NewJeans underneath Min’s inventive path. The five-member woman group debuted in 2022 with their hit single “Consideration” and has carried out at Lollapalooza. Their second EP Get Up debuted on the highest of the Billboard 200 in 2023.
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In April 2024, HYBE commenced an audit on Min Hee-jin and ADOR executives. HYBE advised Billboard they “known as them to summon a shareholder assembly and despatched an official letter to ask CEO Min to step down.” Min refuted the claims in a press convention. All through the following couple of months, she made claims that subsidiaries inside HYBE like Belift Lab are copying NewJeans’ ideas with teams like ILLIT and the businesses are complicit within the alleged infringement. Later, Supply Music, which is dwelling to LE SSERAFIM and can be underneath HYBE, sued Min for 500 million Korean received (about $361,000). The lawsuit accuses Min of defamation and disruption of enterprise stemming from feedback made within the press conferences.
Is Min Hee-jin nonetheless working with NewJeans?
Based on ADOR’s statements through Soompi, Min Hee-jin will nonetheless be a part of NewJeans’ manufacturing staff. “Former CEO Min Hee Jin has stepped down from the CEO place however will proceed to function an inside director of ADOR. She may even proceed her position in producing NewJeans,” the assertion learn.
As for the brand new CEO of ADOR, HYBE appointed Kim Ju-young who they said is “an HR knowledgeable with expertise in varied industries, and shall be chargeable for stabilizing and reorganizing ADOR’s inside construction.” ADOR may even separate inside group throughout the firm and can now separate manufacturing and administration.
How did Min Hee-Jin react to the information?
Based on Soompi, a consultant of Min Hee-Jin mentioned that she “was abruptly notified on Saturday, [August] 24 {that a} board assembly can be held on [August] 27 relating to a change within the CEO place, and he or she attended the assembly through cellphone name on [August] 27.”
The assertion continued that Min was not conscious of her dismissal. “The choice to dismiss CEO Min Hee-Jin was made unilaterally with out her consent, which is a transparent violation of the shareholder settlement,” the assertion mentioned. “The corporate introduced that CEO Min Hee-Jin would proceed producing for NewJeans, however this was not mentioned along with her and is a unilateral notification from the corporate.”
