The ongoing saga between HYBE and its subsidiary label, ADOR, has dominated discussions within the K-Pop industry for more than a month, with no signs of abating. What began as a dispute between the parent company and ADOR바카라s CEO, Min Hee-jin, over purported attempts at an unauthorized takeover, has now evolved into a significant legal battle.
On May 12, several outlets have reported that the parent company has appointed a new CEO and completely revamped the management team at ADOR, replacing Min Hee-jin. Despite Hee-jin currently retaining her CEO position, numerous reports suggest she may face pressure to resign at an upcoming shareholders바카라 meeting.
HYBE commands a significant 80% stake in ADOR. The company intends to utilize its voting rights in the upcoming meeting to establish a new team for the label, which is home to popular group, NewJeans. Furthermore, the label is anticipated to disclose the findings of its audit into ADOR during this meeting.
In addition to presenting its audit report, the label plans to offer further evidence indicating that the company has been planning a coup for some time now. As per reports, Hee-jin is expected to attempt to refute these allegations and argue that HYBE should honour the previously reported five-year CEO term agreement agreed upon by the company바카라s shareholders.
Despite the parent company바카라s ability to rally massive fan support, sentiment hasn바카라t exactly been in favour of HYBE, with many believing that Min Hee-jin바카라s perspective holds equal amount of credibility.
One commented, 바카라It바카라s the fact that HYBE is still doing this even while public opinion is going downhill.바카라 Another wrote, 바카라Min Hee Jin if you leave, we바카라ll boycott HYBE.바카라 A third one wrote, 바카라Min Hee Jin hasn바카라t been kicked out yet, so the fans and the public are still favorable to her. But if she바카라s really kicked out, public opinion of HYBE will eventually improve.바카라 One more commented, 바카라Wishing NewJeans a safe escape.. They바카라re stuck among the old men and they바카라re just suffering.바카라
Meanwhile, irrespective of the feud, HYBE has promised full support to NewJeans and their highly-anticipated summer comeback.
