NewJeans Supports ADOR CEO Min Hee Jin Amid Power Struggle with HYBE

K-pop girl group NewJeans has publicly shown their support for ADOR CEO Min Hee Jin amidst an ongoing power struggle between Min and HYBE over the ownership of the K-pop agency.

On May 31, NewJeans performed on Music Bank and won first place with their song 'How Sweet.' During their acceptance speech, member Minji thanked ADOR CEO Min Hee Jin for her contributions to the group. Danielle also expressed appreciation to Min, saying: 'Once again, we would like to thank our CEO, whom we love and adore a lot. We love you, CEO!'

This display of support comes after Min Hee Jin retained her role as ADOR CEO following a shareholders' meeting, despite HYBE's attempts to dismiss her. A Seoul court ruled in favor of Min's injunction, preventing HYBE from exercising its voting rights to dismiss her as CEO.

The power struggle between ADOR and HYBE has been ongoing for a month, with Min Hee Jin addressing the future of NewJeans and her alleged 'betrayal' of HYBE in a press conference on May 31. Min Hee Jin expressed her willingness to compromise with HYBE, stating: 'Let's compromise for the common good.'

HYBE, which owns 80% of ADOR's shares, has appointed new directors to surround CEO Min, but has not responded to her call for compromise. An industry insider familiar with HYBE stated, 'HYBE has no intention of compromise and plans to resolve this matter through police investigations or related legal proceedings.'

Min Hee Jin held a press conference on May 31, where she took a refined approach and reached out to HYBE for compromise. She stated, 'I’ve devoted myself to ADOR and I believe it has contributed a lot to HYBE. They are accusing me of breach of duty, but my (financial) achievement with NewJeans, in the last two years, says otherwise. It is equivalent to a top-boy band’s five or seven years of achievement. CEOs talk with numbers. We should make wise and logical decisions for the sake of everyone’s interests.'

The court ruling allows Min Hee Jin to retain her position as ADOR CEO and pursue her plans for NewJeans. HYBE has announced that they will respect the court's decision and not exercise their power to dismiss Min Hee Jin.

The future of the legal battle between HYBE and Min Hee Jin remains uncertain, with Min Hee Jin proposing reconciliation and a 'rational approach' moving forward.

NewJeans' support for Min Hee Jin highlights their loyalty to the CEO who has played a significant role in their success. The ongoing power struggle between ADOR and HYBE continues to draw attention, with the future of both the agency and the group hanging in the balance.

Key Takeaways

• NewJeans publicly supports ADOR CEO Min Hee Jin amidst power struggle with HYBE.
• Min Hee Jin retains CEO role after Seoul court rules in her favor.
• HYBE owns 80% of ADOR's shares, but has not responded to Min's call for compromise.
• NewJeans' success is attributed to Min Hee Jin's contributions.
• The future of ADOR and NewJeans remains uncertain amidst ongoing legal battle.