In response to the most recent press statement released by ADOR CEO Min Hee Jin on May 16 KST, HYBE Labels has issued a short, but strongly worded message.

Read HYBE's statement, below.

"Hello, this is HYBE. We would like to deliver our position in response to CEO Min Hee Jin's statement released earlier today.

As the evidence revealed by Min Hee Jin today indicates, such detailed talks with a financial analyst would not occur if the parties involved truly considered the seizing of a company's management simply a conversational topic. During her press conference on April 25, Min Hee Jin said, 'HYBE claims I conspired with outside investors. Outside investors from where? Bring them here to me.' She acted as if she never met any outside investors and lied to the public, but gradually, the truth is coming out. We will now wait for the full truth to be revealed through legal investigations.

We also strongly demand that Min Hee Jin refrain from using the phrase 'ADOR's side' when making press statements. This current case does not involve the subsidiary company, ADOR. It is an attempt to seize a company out of greed by an individual, Min Hee Jin, with a small number of other executives involved."

In other news, ADOR girl group NewJeans will perform a special stage during the upcoming event, '2024 Korea On Stage - New Generation', airing on KBS2 next week on May 21. The girls will take the stage in front of Geunjeongjeon, Gyeongbokgung, while dressed in hanbok, singing "Cool With You". 

SEE ALSO: Currently published pages of the 'HYBE Industry Trend Reports' merely the 'tip of the iceberg' + Bang Si Hyuk offered editor 'K' a high salary to compile the reports