HYBE’s Subsidiary Ador’s CEO Min Hee Jin Allegedly Attempts to Break Away

Min Hee Jin, the CEO of Ador, a subsidiary of HYBE, is reportedly trying to break away from the K-Pop conglomerate.”

On April 22, it was reported that HYBE had requested Ador’s CEO, Min Hee Jin, to step down from the label. This news came on the same day that it was reported that HYBE had found evidence that Min Hee Jin was attempting for Ador to leave HYBE.

Currently, Ador is a subsidiary of HYBE, with the K-Pop conglomerate owning 80% of the label, while Min Hee Jin and Ador’s current board of executives own 20%. According to the report, HYBE has demanded Ador hold an official shareholder meeting to reprimand Min Hee Jin and the label’s executives for attempting to separate Ador from HYBE.

“We have found evidence that Ador had attempted to leave HYBE,” a representative from HYBE reportedly stated.

The situation between HYBE and Ador is still developing, and further updates are awaited. This incident marks a significant moment in the K-Pop industry, highlighting the complexities of the relationship between parent companies and their subsidiaries. As fans and industry insiders alike wait for more information, the future of Ador under HYBE hangs in the balance.