Min Hee Jin, the former CEO of ADOR, is reportedly facing financial issues as a court has placed a provisional seizure on her property following a claim from an undisclosed creditor. The property, located in Yeonnam-dong, could be valued at close to ₩1 billion KRW (about $705,000 USD), according to recent reports.
Court-Ordered Seizure and Creditor’s Claim
SR Times recently reported that a creditor filed a ₩100 million KRW (around $71,500 USD) claim against Min Hee Jin, leading to the provisional seizure of her property. The Seoul court accepted the creditor’s claim on September 23, though the specific details of the creditor’s demand remain unknown.
A provisional seizure is a legal process allowing creditors to secure assets until a debt is paid or a formal judgment is reached, a process that can extend for several months. Creditors often pursue this step to prevent debtors from selling or hiding valuable assets during the pending litigation.
Property Details and Market Value
Min Hee Jin initially purchased her Yeonnam-dong property in 2011 for ₩387 million KRW (around $277,000 USD). Due to the area’s rising real estate prices, the property’s current market value is estimated to be significantly higher. According to KB Real Estate data, the average property value in Yeonnam-dong is currently around ₩985 million KRW (about $705,000 USD).
Previous Statements on Financial Challenges
The reason behind the creditor’s claim is still unconfirmed, but Min Hee Jin has openly discussed her financial difficulties in the past. During a speaking event at the 2024 Hyundai Card Da Vinci Motel in late September, she disclosed the financial strain caused by her ongoing legal battles. Min mentioned:
“Legal fees amounted to ₩2.30 billion KRW (about $1.64 million USD)… I might have to sell my house because of these legal costs.”
Background on Legal Feud with HYBE
Min Hee Jin has been involved in a legal dispute with HYBE and its subsidiary BeLift Lab since early this year. However, she has not yet addressed the recent property seizure in public statements. It remains uncertain whether she will comment on the financial situation surrounding her property.
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