Min Hee Jin, the former CEO of ADOR, officially announced her resignation from ADOR and HYBE on November 20, 2024. In her detailed statement, she confirmed her decision to terminate her shareholder agreement and leave her position as internal director of ADOR. She also revealed plans to take legal action against HYBE, citing alleged violations and misconduct.
Min Hee Jin’s Official Statement
Min Hee Jin issued an official statement outlining the reasons behind her departure and her stance against HYBE’s actions. Below is her statement in full:
“I am resigning from my position as ADOR’s internal director today. I will also terminate my shareholder agreement and hold HYBE responsible for the violation of the agreement.
I will also take legal action against the many illegal acts committed by HYBE and its executives.
Even amid the conflict with HYBE, which started with HYBE’s illegal audit in April, which has continued for over seven months, I have done everything in my power to keep the shareholder agreement and bring ADOR back to its original state.
However, HYBE has not admitted to its wrongdoings and has shown no effort to change, so I have decided that further efforts would be a waste of time.
I hoped that HYBE would admit to its own mistakes, and I worked nonstop to protect NewJeans from HYBE. That is why I sent two internal emails twice in April.”
— Min Hee Jin
Min Hee Jin also criticized HYBE’s lack of accountability and their alleged actions of framing and misrepresentation:
“But, instead of reflecting, they have continued to commit foolish acts and even opened an embarrassing illegal audit to the public. They framed me, a minority shareholder and CEO, for the usurpation of management through a witch hunt and made irrational attacks that are hard to believe came from a large company.
After seven months of chaos, it has finally been revealed that my whistleblowing was based on facts, while HYBE’s lies and hypocrisy came to light.
Honestly, HYBE must have known from the start that the contents of the whistleblowing report were all true.
However, as they only cared about their own interests and gain, they must have wanted to ignore the essence of ‘problem solving.’
I don’t even expect them to repent, but it was naive judgment to think they would at least have minimal conscience as human beings.
But just as breathing doesn’t always mean you are living, I didn’t want to go with the flow and settle down in this twisted organization obsessed with money.
Up until recently, HYBE has continued to use its subordinate labels to file unreasonable lawsuits and use media play, while at the same time trying to bury me through a contract full of toxic clauses as if they were doing me a huge favor.
While requesting an agreement, which is important in a business agreement, they insisted on in-person meetings only, making incomprehensible demands and unreasonable claims that they couldn’t provide documents.
It’s not surprising anymore that those who unilaterally fired the CEO are spreading false information to the media that the CEO has stepped down to take over producing duties and is demanding that others ‘keep it a secret.’”
— Min Hee Jin
Her Efforts to Protect ADOR
Min Hee Jin emphasized her efforts to defend ADOR and restore its reputation amid the disputes:
“The atrocities committed by HYBE will be recorded as an unprecedented story in the history of K-Pop.
I have fought with everything I have mentally, financially, and physically for the past seven months to try and revive ADOR, which was ruined by HYBE’s violation of the shareholder’s agreement.
This means I didn’t back down and did my best despite the dispute that started with groundless attacks from a group disguised as a large company.
HYBE’s moral decay has already reached its climax, and the media play will continue. However, I am not worried, as the public will also be able to read the pattern. Regardless, I will not just sit and watch; I will punish any false accusations with legal action.
Although this case is not over yet, I would like to thank Bunnies and others who have continued to support and cheer me on for almost half a year. Ironically, it was amazing luck to get to know some of the best people while fighting with the worst company.
Some people may not understand why I pushed through this much, but there must be a reason and meaning for someone like me to exist in this world. Please support me with my new K-Pop journey that is to come.
I am ending this statement with a relieved heart.
‘One person’s malicious actions should not damage the ‘essence of the industry.’ That is really bad.’”
— Min Hee Jin
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Impact on K-Pop
Min Hee Jin’s resignation marks a significant moment in K-Pop, with potential long-term effects on ADOR, HYBE, and the industry as a whole. Fans and industry watchers are closely monitoring the fallout and the next steps in her legal and professional journey.
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