Former ADOR CEO Min Hee Jin’s injunction hearing set for October 11th KST.
Former ADOR CEO Min Hee Jin has filed an injunction to be reinstated as CEO, and the hearing is scheduled for October 11th.
According to legal sources, the 50th Civil Division of the Seoul Central District Court will hold a hearing on October 11th for the injunction Min Hee Jin filed against HYBE. The injunction seeks to prohibit HYBE from exercising its voting rights and calls for her reinstatement as CEO.
Earlier, on September 27th KST, ADOR’s board of directors dismissed Min Hee Jin from her CEO position, appointing Kim Ju Young as the new CEO. However, ADOR clarified, “Min Hee Jin will remain as an inside director at ADOR and will continue to oversee the production for NewJeans.”
Min Hee Jin opposed the decision, calling it “an unfair contract” and immediately filed for an interim shareholders’ meeting and an injunction to reinstate her as an inside director of ADOR.
Following her dismissal, NewJeans members also expressed their support during a YouTube live session, asking for Min Hee Jin’s return by September 25th.
Min Hee Jin claimed that her removal as CEO violates the shareholder agreement she had with HYBE and goes against a previous court decision that restricted HYBE’s voting rights. She added, “HYBE is unilaterally claiming that the shareholder agreement has been terminated without any basis. In this situation, it’s evident that HYBE will not reappoint me as an inside director. HYBE must stop its continuous contract violations, interference in business, defamation, and insults.”
Back in May, the court ruled in favor of Min Hee Jin’s injunction to prevent HYBE from exercising its voting rights, stating, “While it’s clear that Min Hee Jin sought ways to independently control ADOR, it’s difficult to see her actions as having progressed to concrete execution. Moreover, it’s hard to conclude that her actions constituted breach of trust regarding ADOR. Given that an upcoming shareholders’ meeting makes it difficult for her to seek legal relief through a full trial, there is sufficient need to prohibit HYBE from exercising its voting rights.”
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