On April 25, 2024, ADOR’s CEO, Min Hee Jin, called in for an urgent press conference to handle the arena with HYBE. A proper consultant of Min Hee Jin has informed various media outlets that the CEO will seemingly be clarifying the news that changed into once reported earlier this day. The consultant moreover acknowledged that he would in my idea point to ADOR’s command in this warfare in front of the media.

The feud between HYBE and ADOR started ever for the explanation that recordsdata surfaced that the latter firm changed into once planning to pass away the inclined. HYBE launched a sudden interior audit of the ADOR, including that of CEO Min Hee Jin and all individuals fervent with the conspiracy. Furthermore, HYBE even despatched a letter asking Min Hee Jin to step down from the command.

ADOR’s CEO Min Hee Jin to retain urgent press conference

Earlier this day, HYBE revealed the details they gathered via the audit conducted on CEO Min Hee Jin and other officers in ADOR. The outcomes verify the suspicion that Min Hee Jin changed into once planning to dangle over ADOR and walk away HYBE. The firm has chanced on multiple extensive objects of proof that command that deliberate plans were made to attain so.

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Extra about HYBE and ADOR’s warfare

As reported by a South Korean media outlet, HYBE has revealed in a press statement that the accused were planning to attack HYBE and deliberately strain the firm into selling the shares that they currently retain in ADOR. Furthermore, they were moreover discussing how to discontinuance NewJeans’ and Min Hee Jin’s contracts with HYBE ahead of time. With such extensive proof, HYBE has supplied that this will seemingly snatch proper motion towards ADOR for breach of trust and professional malpractice. HYBE holds 80 p.c stakes in ADOR, and Min Hee Jin has 18 p.c.

Hence, to refute the claims made by HYBE, CEO MIn Hee Jin has made up our minds to handle the arena firsthand via a press conference, which is in a position to be held later this day. Min Hee Jin has been denying the allegations by HYBE and says that she has no intentions of taking administration rights some distance off from the guardian firm. Additionally, she unearths that the main map back stems from BELIFT LAB copying the ideas from NewJeans for his or her newly fashioned lady community, ILLIT. The CEO noticed many similarities with NewJeans in ILLIT’s debut song Magnetic, which raised issues internal the administration.