Home Korean News ADOR CEO Min Hee Jin counters allegation of planned termination of NewJeans’ contract; says, ‘HYBE distorts truth’

ADOR CEO Min Hee Jin counters allegation of planned termination of NewJeans’ contract; says, ‘HYBE distorts truth’

by Liza Terry
Min Hee Jin refutes rumors of seeking investment for NewJeans from company involved with Hyein’s uncle

ADOR CEO Min Hee Jin counters allegation of planned termination of NewJeans’ contract; says, ‘HYBE distorts truth’

Amidst escalating tensions, ADOR's CEO Min Hee Jin retaliates in opposition to HYBE's accusations that she had planned the termination of NewJeans' contract. Learn on!

ADOR CEO Min Hee Jin, NewJeans; Checklist Courtesy: HYBE, ADOR
ADOR CEO Min Hee Jin, NewJeans; Checklist Courtesy: HYBE, ADOR

Key Highlight
  • ADOR denies HYBE’s allegations of Min Hee Jin planning to discontinuance NewJeans’ contract unilaterally
  • HYBE accused ADOR CEO Min Hee Jin of planning to discontinuance NewJeans’ unfamiliar contract unilaterally

Within the continuing clash, HYBE has alleged that ADOR CEO Min Hee Jin sought unilateral termination powers for contracts with NewJeans. On the different hand, ADOR fired again, declaring that its CEO, Min Hee Jin’s requests were aimed at fostering independence and combating perceived interference, and that “HYBE distorts the truth.”

ADOR refutes HYBE’s allegation in opposition to Min Hee Jin’s concept to exercise unilateral vitality over NewJeans

HYBE and ADOR’s ongoing feud has extra escalated, with every occasions making accusations and counter-statements about NewJeans’ contract termination. In response to HYBE accusing her of making an strive to unilaterally discontinuance contracts, ADOR CEO Min Hee Jin known as the allegations outright lies and as a replace accused the frail of twisting the truth on Will also 2.

In conserving with ADOR’s statement, Min Hee Jin requested honest contract termination because she wished to make a more self reliant impress. The demand used to be made all the intention in which by a face-to-face assembly with HYBE CEO Park Ji Won in January 2024, since she felt at the again of the curtain interference used to be unfair all the intention in which by NewJeans’ debut project and wished ADOR to have confidence more working freedom.

HYBE obtained an edited shareholder’s contract from ADOR in February 2024 with this demand in it but interpreted it as a portray to rob over managing rights, which resulted in more friction as per ADOR’s characterize.

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Nonetheless, HYBE’s interpretation of the demand as an strive to rob administration rights resulted in extra rigidity between the two entities. In response to HYBE’s accusations and public dissemination of negotiation tiny print, ADOR accused HYBE of taking part in media play wars by alleged distortion of truth and suggested revisiting contract discussions.

More tiny print about HYBE’s accusation in opposition to ADOR CEO Min Hee Jin

Earlier this morning, HYBE, the father or mother company of BTS levied accusations in opposition to ADOR, alleging a portray for independence and protect watch over over ADOR’s operations. Reports indicated that ADOR’s CEO, Min Hee Jin, sought to amend NewJeans’ contract to grant unilateral termination rights, circumventing HYBE’s involvement. While HYBE purportedly declined this demand of, tensions allegedly escalated with accusations of interference.

Min Hee Jin, on the other hand, refuted HYBE’s claims, declaring the demand aimed to address undue interference rather then whine protect watch over. She has contended that HYBE’s anecdote distorts the truth, emphasizing the timing disparity between the contract revision and alleged takeover claims.

The ongoing feud intensified as HYBE accused ADOR of searching for autonomy and leaking confidential records, with both side presenting conflicting narratives.

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Source credit : pinkvilla

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