Is ADOR’s Min Hee Jin orchestrating a covert operation to wrestle control from HYBE? An ongoing audit reveals shocking allegations.

HYBE, the majority stakeholder of ADOR, has initiated an audit against Min Hee Jin, the CEO of ADOR. The audit, which also involves deputy CEOs “A” and “B”, aims to investigate allegations of key information leakage, inappropriate external consulting, artist personal information leakage, and irregular personnel irregularities.

Reports suggest that Min Hee Jin and her team were allegedly planning to take over ADOR’s management rights from HYBE since early 2024. The strategy involved persuading HYBE to sell its 80% stake in ADOR to investors already won over by ADOR’s internal management. This takeover was to be facilitated by manipulating public opinion to create the impression that HYBE was making unfair demands towards ADOR.

During the creation of this secret plan, Min Hee Jin and her deputies were accused of leaking various information to foreign investment advisors, private equity firms, securities firm analysts, and consultants. The leaked information included contract details signed between ADOR and HYBE. They were also accused of trying to manipulate public opinion negatively towards HYBE artists to create a bad impression for HYBE. It was also reported that they had already approached the parents of ADOR artists, currently only NewJeans, to convince them.

Deputy CEO A, who recently moved from HYBE to ADOR, was reported to have played a key role in this alleged conspiracy. He secured a large number of key trade secrets from HYBE, using them to establish ADOR’s plan to secure management rights. This includes financial and contractual information.

The audit process also claimed to reveal that private artists’ information was leaked. This includes photos and media of the trainees before their debut, as well as various personal health information. In terms of inappropriate personnel hires, it was reported that ADOR had allegedly hired staff after requests from outsiders. Personal information of employees and key HR information were also leaked.

HYBE reportedly discovered these accusations and revelations through a tip-off, leading to the initiation of the audit to clarify the facts of the tip-off. As the audit continues, the entertainment industry awaits further developments in this unfolding drama.