Seoul Court Blocks Hybe's Attempt to Dismiss NewJeans Label CEO Min Hee-jin

Seoul Court Blocks Hybe's Attempt to Dismiss NewJeans Label CEO Min Hee-jin

By Marcus Bennett

November 17, 2024 at 10:29 PM

A Seoul court has blocked Hybe from dismissing Min Hee-jin as CEO of Ador, the label behind K-pop group NewJeans, citing insufficient evidence for her removal.

Min Hee-jin with dark flowing hair

Min Hee-jin with dark flowing hair

The Seoul Central District Court ruled that Hybe cannot exercise voting rights to remove Min at the upcoming shareholder meeting on May 31. Min's attorney has urged Hybe to respect the decision and warned against any attempts to dismiss her or other Ador directors.

The conflict emerged in April when Hybe initiated an internal audit, alleging Min attempted to take control of Ador through a potential management buyout. Min, who owns 18% of Ador shares, countered by claiming unfair treatment from Hybe (80% stakeholder), including discrimination against NewJeans and undervaluation of the label.

Key Developments:

  • Hybe filed a police complaint against Min for alleged breach of duty
  • Min secured an injunction blocking Hybe's voting rights
  • Hybe plans to pursue other legal options while police investigation continues
  • Both parties have launched public campaigns to gain support

Hybe has confirmed it will comply with the court's decision regarding Friday's shareholder meeting but indicates it will continue pursuing legal action regarding Min's alleged attempt to take control of Ador.

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