In a dramatic development, Min Hee Jin has alleged that she was removed from her position as CEO of ADOR without her consent. The news, which has taken the entertainment industry by surprise, has been reported by various Korean media outlets. Min Hee Jin, known for her role as the producer for NewJeans, has claimed that her removal was a unilateral decision made by HYBE, violating the shareholders’ agreement.

Details of the Alleged Removal

On August 27, 2024, Min Hee Jin’s team revealed that she was informed of the board meeting, where the decision to remove her was made, on August 24. She reportedly participated in the meeting via phone call. Her representatives argue that this action was taken without her consent, constituting a serious breach of the shareholder agreement.

“This is a clear violation of the shareholders’ contract,” Min Hee Jin’s side asserted.

Ongoing Feud and Legal Actions

The controversy surrounding Min Hee Jin’s removal is rooted in a prolonged dispute with HYBE. The conflict began over accusations that Min Hee Jin attempted to leverage ADOR’s management rights for her benefit.

Following the announcement of her removal, Kim Joo Young, ADOR’s internal director, has been appointed as the new CEO of ADOR. This transition comes after HYBE terminated the shareholders’ agreement with Min Hee Jin. According to the Financial Supervisory Service’s electronic disclosure system, HYBE has also initiated a confirmation lawsuit concerning the termination of the contract, which is believed to have been filed around July.

“Although she will continue to be on board as NewJeans’ producer, this decision was also not discussed with her beforehand,” her legal representative noted.

With her removal, Min Hee Jin has lost her position and the rights associated with it, including the ability to ensure her role as CEO until November 2026. Additionally, her right to compel HYBE to purchase 75% of the ADOR shares she owns has been revoked.

Next Steps and Current Status

As of now, there is no official statement from Min Hee Jin on her next course of action. The situation remains fluid, with further legal and corporate implications likely to unfold.

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