MIN WILL FIGHT BACKBut Min accused the removal of violating a shareholders’ contract, which is supposed to allow Min to serve as ADOR CEO and director until November 2026 and to request HYBE to buy back her 75% stake in ADOR.“The decision was made without consultation with former CEO Min,” Min’s legal representative said in a statement on the same day after the news was out.“We will come up with our official position on this after discussion.” According to HYBE’s bi-annual report on earnings filed on Aug.19, the entertainment giant has, however, revoked the ADOR shareholders’ contract with Min.
HYBE Co.has finally removed Min Hee-jin from ADOR, a label behind girl group NewJeans, as chief executive officer about four months after it failed to kick her out, but Min again vowed to fight back, accusing the decision of a violation of a shareholders’ contract.
Kim joined ADOR’s board in May with two other HYBE officials, replacing two former ADOR executives known as Min’s confidants after HYBE failed to sack Min who won a court’s ruling that banned the company from firing Min as ADOR CEO.
The story "HYBE replaces ADOR CEO; Ex-CEO Min barks at sacking" has 485 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "HYBE replaces ADOR CEO; Ex-CEO Min barks at sacking" was covered 6 days ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 16 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.