HYBE to file charges against ADOR CEO Min Hee Jin and others today…Proof of management seizure secured – Kstyle

Photo=ADOR

HYBE, which started an audit on ADOR, to which NewJeans belongs, on suspicion of usurpation of management rights, announced the interim audit results today (25th). They plan to file charges against representative Min Hee-jin and other people involved within the day.

According to the audit results, HYBE confirmed the specific fact that a plan to seize management rights was formulated under the leadership of ADOR’s representative director, and also secured physical evidence.

During the investigation process, one of the audit targets submitted information assets as evidence that included plans to seize management rights and contacts with outside investors, and also admitted that he had created documents to attack HYBE for that purpose. Ta.

According to the face-to-face investigation and transcripts of conversations in the submitted information assets, ADOR’s representative director instructed management to prepare a method to pressure HYBE to sell the ADOR shares held by HYBE.

Based on this instruction, there were specific discussions on how to terminate the exclusive contract with the artist mid-term and how to invalidate the contract between ADOR’s representative director and HYBE. There were also conversations such as “Let’s attract global funds and do business with HYBE,” “Appeal critically to everything HYBE does,” and “Think of ways to make HYBE suffer.”

The conversation notes also included implementation plans such as “preparing for the public opinion war in May” and “turning ADOR into a shell and taking him out.”

HYBE also secured a statement from an auditee stating, “The wording “I will eventually get out of HYBE” was a transcription of what ADOR’s CEO said.”

Based on the materials, HYBE plans to file a complaint on the 25th against the relevant parties, alleging breach of trust.

In the future, HYBE plans to do its best to provide psychological and emotional care for the New Jeans members and help them make a successful comeback. We also plan to meet with members’ legal representatives as soon as possible to discuss ways to protect our members.

HYBE CEO Park Ji-won said, “We apologize for causing concern to our fans, artists, and members due to what happened during the process of upgrading our multi-label system.” “Now that the incident has come to an end, K- We will do our best to provide the psychological healing and emotional stability of artists, who are POP’s valuable assets.”

・HYBE secures evidence of attempted independence? ADOR’s internal documents say “eventually breaks out”

・Is there a conflict with HYBE? Official comment from ADOR: “ILLIT is a copy of New Jeans”

Photo = Chat content between HYBE/ADOR management on April 4th