(Translation from Naver article)
Min Hee-jin, former CEO of Adore, the agency of girl group NewJeans, is leaving HYBE.
On the afternoon of the 20th, Min Hee-jin announced through her legal representative, “I am resigning as an inside director of Adore today. I will also terminate the shareholder agreement I signed with HYBE and hold HYBE legally responsible for the violation of the shareholder agreement. In addition, I will take necessary legal action against HYBE and its associates for their numerous illegal acts.”
Min Hee-jin then stated the reason for leaving Adore, “Even in the midst of the hellish conflict with HYBE that started with HYBE’s illegal audit in April and has continued for over 7 months, I have done everything I could to keep the shareholder agreement and return Adore to its original state before April. However, HYBE has not admitted its wrongdoings and has shown no signs of changing, so I have decided that further efforts are a waste of time.”
According to Min Hee-jin, she wanted Hive to admit their wrongdoings and worked tirelessly to protect Newjeans within the crooked Hive. However, instead of reflecting, Hive made up ridiculous false facts and even displayed the shameful illegal audit to the public, committing an unprecedentedly foolish act, and framed Min Hee-jin, a minority shareholder and CEO, as a “usurpation of management rights” and launched a witch hunt, making ignorant and irrational attacks that are hard to believe for a large corporation. Min Hee-jin emphasized, “Hive’s 24-year-old misdeeds will be recorded as an unprecedented event in K-pop history,” and “Hive’s moral decay has already reached its peak, so the dirty media play will continue, but I am not worried that the public has now read the pattern. Nevertheless, if there are any forces of false slander and the media, we will never sit idly by and will punish them with the law.”
– The following is Min Hee-jin’s official statement.
Hello. This is Min Hee-jin.
Today, I resign as an inside director of Adore. I will also terminate the shareholder agreement with Hive and hold Hive legally responsible for the violation of the shareholder agreement.
In addition, I will take necessary legal action against Hive and its associates for their numerous illegal acts. Even
during the hellish conflict with Hive that began with Hive’s illegal audit in April and has continued for over 7 months, I have done everything I could to keep the shareholder agreement and return Adore to its original state before April. However, Hive has not admitted its wrongdoings and has shown no signs of changing, so I have decided that further efforts would be a waste of time.
I hoped Hive would admit its wrongdoings on its own and have worked tirelessly to protect New Jeans within the crooked Hive. That is why I sent internal whistleblowing emails twice in April.
However, Hive, instead of reflecting, committed an unprecedentedly foolish act of fabricating absurd false facts and displaying the shameful illegal audit to the public. They framed me, a minority shareholder and CEO, as a “management rights usurpation” and launched a witch hunt, making ignorant and irrational attacks that are hard to believe for a large corporation.
After many twists and turns, after a full seven months, it was finally revealed that my whistleblowing was a legitimate accusation based on clear facts, while Hive’s ugly lies and hypocrisy are being revealed one after another.
In fact, Hive must have known from the beginning that the whistleblowing was all true and that it was a legitimate issue.
However, for those who only care about their own interests and glory, the essence of “solving the problem” must have been a task they wanted to ignore more than anything else.
I did not expect them to repent, but I think it was a naive misjudgment to believe that they would have at least a minimum conscience as human beings.
However, just as you are not alive just because you are breathing, I did not want to piggyback on this twisted organization and settle down for money.
Until recently, HYBE has been using its subordinate labels to file unreasonable lawsuits, find fault, and unfairly play the media to try to bury me, while at the same time pushing forward a producing delegation contract full of toxic clauses as if it were an enormous favor. While asking
for an R&R agreement, which is the essence of a delegation agreement, they have insisted on a face-to-face meeting only, saying that there are incomprehensible demands such as consent to forensic examination before the agreement, and that they cannot provide R&R documents.
It is no longer surprising that these people, who spread false information to the press that I had stepped down as CEO and taken over producing duties despite unilaterally dismissing me, are demanding ‘secrets’ from others.
HYBE’s 24-year atrocities will be recorded as an unprecedented event in K-pop history.
For the past seven months, I have fought with all my might, mentally, financially, and physically, to revive Adore, which was ruined by Hive’s serious violation of the shareholder agreement.
This means that I have not backed down and have made great efforts, even though it was a hellish fight that started with groundless violence by a group disguised as a large corporation.
Hive’s moral decay has already reached its peak, so the dirty media play will continue, but I am not worried that even the public has now read the pattern.
However, we would like to inform you that if there are any forces or media that are trying to slander you, we will never sit idly by and will punish them with the law.
This unprecedented incident is not over yet, but I would like to express my heartfelt gratitude to Bernie’s and many others who have tirelessly supported and cheered me on for nearly half a year.
Ironically, it was a special fortune that I got to know the best people through fighting against the worst company.
Some people may not understand why I persevered like this, but there must be a reason and meaning for people like me to exist in the world.
I hope you will pay much attention to my new K-pop journey that I will unfold in the future.
I will end this writing with a relieved heart and say something to someone.
“One person’s malicious actions should not damage the ‘essence of karma’. It was really bad.”
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