Min Hee-jin, the former CEO of ADOR, has resigned from her position an internal director of the K-pop agency and left the company, which is a subsidiary of HYBE.
This is according to a report by Yonhap News Agency, which cited a statement released today (November 20) by Min Hee-jin regarding her departure from both ADOR and its parent company HYBE.
“Today, I am resigning from my position as an internal director at ADOR,” the K-pop agency’s former CEO wrote in her statement, as translated by Soompi. “Additionally, I am terminating the shareholder agreement with HYBE and intend to hold HYBE legally accountable for breaches of this agreement.”
The music executive first stepped down as CEO of ADOR, home to NewJeans, in August. After Min publicly claimed her resignation was not her choice, she was eventually reinstated as an internal director on ADOR’s board of directors in late-September. Her new contract was recently renewed for three additional years with the board.
In her statement today, Min shared that she intends to pursue “necessary legal action one by one against the numerous illegal activities committed by HYBE and its affiliates”. The music executive also claims she had “done everything in my power to uphold the shareholder agreement and restore ADOR”.
“I had hoped HYBE would admit its mistakes and worked tirelessly to protect NewJeans within HYBE, which has become twisted,” she continued. Min also accused the entertainment giant of “fabricat[ing] absurd falsehoods and publicly displayed their shameful illegal audit”, which she called “an unprecedentedly foolish act”.
“They framed me, a minority shareholder and CEO, with the bizarre accusation of a ‘management takeover’ and launched ignorant and irrational attacks that are hard to believe came from a large corporation,” Min claimed.
“HYBE has continued to use its subsidiary labels to engage in unreasonable lawsuits, nitpicking, and unfair media play to bury me,” she alleged. Min went on to describe her ongoing feud with HYBE as “a hellish battle against the baseless violence of a group disguised as a large corporation”.
Min wrote that further efforts to work with HYBE “would be a waste of time”, and that her decision to step down from ADOR’s board was because she “did not want to cling to money and settle into this twisted organisation”.
