After Min Hee Jin, the CEO of ADOR, accused HYBE of paying her less than she deserved, the firm’s response attracted consideration by showing the giant salary and incentives she demanded in 2023.

HYBE has claimed that no subject getting purchased the ideal compensation from the firm, she used to be no longer in a blueprint to agree with them; hence, there had been rumors that any individual will were planning a takeover.

HYBE unearths Min Hee Jin’s dazzling fee demand

HYBE, the Ok-pop conglomerate has shared a strongly worded assertion in line with ADOR CEO Min Hee Jin’s claims that she made in some unspecified time in the future of her press convention on April 25. In a present assertion, HYBE revealed that Min Hee Jin’s complete earnings a long way exceed alternate standards, making her the ideal-paid employee in some unspecified time in the future of the firm. Her compensation kit for 2023 reportedly amounted to a colossal 2 billion KRW (approximately 1.46 million USD), including efficiency incentives.

Despite this, negotiations between Min Hee Jin and HYBE reached an impasse, as her calls for allegedly surpassed what the firm may per chance per chance accept. HYBE additionally claimed that your complete compensation divulge touching on the case of Min Hee Jin obtained her to check out and aquire off the administration rights of ADOR in provide an explanation for to make the firm an independent entity.

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HYBE’s response to Min Hee Jin’s allegations in some unspecified time in the future of the press convention

In accordance with ADOR CEO, Min Hee Jin’s press convention on April 25, the put she leveled a giant fluctuate of allegations against HYBE and its head honcho Bang Si Hyuk, the latter has now issued a detailed assertion refuting her claims.

Here are among the principle points shared by HYBE;

1. In reference to Min Hee Jin’s philosophize that her take-over of ADOR’s administration rights used to be a informal discuss

HYBE spoke back to ADOR CEO Min Hee Jin’s claims relating to administration rights, declaring that discussions, spanning plenty of months, had been neatly-documented and eager a vp educated in corporate governance. The prolonged nature of the discussions, accompanied by third-celebration involvement, suggests a concrete notion reasonably than informal dialog.

2. Regarding Min Hee Jin’s philosophize that HYBE launched an audit with none response to whistleblowing mail

HYBE challenged Min Hee Jin’s assertion of no longer receiving a response to a whistleblowing email, presenting proof of a detailed 6-page response despatched promptly. The audit, initiated attributable to concerns over administration rights seizure and records leaks, proceeded accordingly with out prior notification.

3. In accordance with philosophize that there used to be lack of steering on returning firm’s records-carrying property

Regarding allegations of neglecting to retrieve records property, HYBE explained their makes an strive to contact Min Hee Jin and subsequent retrieval efforts. Contrary to her claims, they drawl providing recent devices promptly to make certain work continuity.

4. Regarding Min Hee Jin’s philosophize of suspending NewJeans’ debut after LE SSERAFIM

HYBE addressed claims relating to NewJeans’ delayed debut, attributing it to R&R disputes between SOURCE MUSIC and Min Hee Jin. They emphasised accommodating her wishes for a separate impress and necessary monetary give a take to offered for the neighborhood’s debut.

5. In reference to Min Hee Jin claiming restrictions on NewJeans’ promotion after debut

HYBE defended promotional selections touching on NewJeans, citing concerns over untimely publicity of member minute print amid concurrent debut schedules. They refuted claims of neglect, citing colossal PR efforts in comparability to plenty of impress promotions.

6. Regarding claims that HYBE has been ignoring NewJeans’ promotions

In accordance with claims of neglecting NewJeans’ promotion, HYBE emphasised their comprehensive promotional efforts. They cited the colossal need of press releases issued for NewJeans in comparability to plenty of impress artists, demonstrating a commitment to equitable promotion in some unspecified time in the future of all their labels. With 273 press releases dedicated to NewJeans by myself, HYBE contends that they’re actively promoting all their artists with out bias or discrimination.

7. In reference to the philosophize of “slave contract”

HYBE spoke back to the accusations of a “slave contract” by explaining that the anti-competition clause following the fragment sale is intended to stop this sort of divulge. They talked about that CEO Min began promoting stocks in November and may per chance per chance be freed from the clause as soon as the contract ends in 2026. The beneficiant compensation and alternative to birth a industry render the conception of a “slave contract” beside the point to HYBE. They emphasised efforts to define the contract, which appeared unclear, and firmly talked about that Min Hee Jin’s worries had been counterfeit.

8. Regarding Min Hee Jin’s philosophize, inquiring for ESG administration

HYBE reaffirmed its commitment to ESG administration, citing efforts to make eco-pleasant albums no subject Min Hee Jin’s criticism. They highlighted resistance from ADOR in adopting these practices.

9. Regarding to Min Hee Jin alleging lack of dialog from HYBE

HYBE acknowledged that the shareholder agreement had every invent of discussions with CEO Min Hee Jin over modifications to the agreement, and these negotiations had been stopped after seeing her whistleblowing inquiry. HYBE, alternatively, genuinely spoke back to her concerns. On the opposite hand, an audit confirmed that Min had secretly obtained advice from HYBE in-house staff and these exterior to the agreement and administration rights takeover divulge, a subject that displays an absence of transparency and trust.

10. In reference to Min Hee Jin’s “informal friendship” with a shaman

HYBE expressed concerns over Min Hee Jin’s association with an outsider fascinated by administration selections. They emphasize the importance of confidential records substitute and possible hiring solicitations.

11. Regarding the allegation that NewJeans is no longer cherished by HYBE

HYBE spoke back to allegations of neglect in some unspecified time in the future of NewJeans’ comeback, revealing that email attacks round NewNaevs’ comeback had been initiated from the aspect of CEO Min Hee Jin. After years of giving in to every invent of calls for, HYBE infamous her calls for as phase of a greater notion to take administration rights; a motive ample for an audit. They asserted the audit’s necessity to safeguard firm pursuits amid escalating tensions.

HYBE additionally emphasised their assign a query to for Min Hee Jin to refrain from declaring artists in some unspecified time in the future of disputes to guard their pursuits.

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