HYBE accused ADOR’s CEO Min Hee Jin of betraying and using NewJeans to escape HYBE!!
ADOR’s CEO has been asked to step down.
Min Hee Jin reportedly planned on using NewJeans to make HYBE relinquish equity in the company.
On April 22, ADOR CEO Min Hee Jin had been asked to step down by Hybe. The CEO’s fallout with HYBE reportedly stems from a power struggle, as reports claimed that HYBE had found evidence that Min Hee Jin had tried to break away from HYBE’s umbrella.
As more details emerge, Hankyung News’ Market Insight reported that one insider claimed that Min Hee Jin had planned on leveraging her relationship with NewJeans to force HYBE into relinquishing equity in the company.
“Rumors circulated claiming that CEO Min Hee Jin was looking for investors to break away from HYBE. I believe she was planning on using NewJeans to make HYBE sell their executive shares to her.”
— Business Insider
