It has been suspected that the official position announced by ADOR yesterday is not true.
According to an interview with Korean media, HYBE responded via email to Min Hee-jin’s complaint about the “accusation of copying New Jeans by ILLIT, an agency with BELIFT LAB, a label under HYBE,” raised by Min Hey. -jin around 10am on the 22nd. The contents covered six pages of A4 paper, and it was confirmed that she received the document via email.
HYBE’s reply was a day earlier than Min Hee Jin’s deadline for reply (23rd).
However, even after receiving the response, Min Hee Jin released a comment on the evening of the 22nd, alleging “ILLIT’s suspicion of copying NewJeans.” HYBE and BELIFT LAB did not admit their mistakes and planned to make apologies, prolonging the process.” However, this was not the case. This is because HYBE had responded as- already on the morning of the 22nd, that the allegations she made were not true.
In addition, on April 22, HYBE requested a general meeting of shareholders for ADOR’s directors and requested the resignation of representative Min Hee-jin. HYBE, through its in-house research team, recently announced that Min Hee-jin has joined one of ADOR’s management team to transfer HYBE’s 80% stake in ADOR to a private equity fund (PEF). of an attempt to pressure HYBE to sell.
HYBE’s investigation team believes that Min Hee-jin was also preparing a plan to establish an independent corporation and take out the members of New Jeans in case the strategy of selling private equity did not work. Suspicions have also emerged that Min Hee-jin was preparing a strategy to transfer the responsibility for the liquidation of NewJeans and the ADOR contract to HYBE in preparation for the risk of heavy penalties for NewJeans, which expired less than two years ago back
In response, Min Hee Jin released an official comment on the 22nd, saying that he had never tried to take control of ADOR. He himself accepted the situation that he faced a revenge blow from HYBE that started after he made a whistleblower complaint, such as raising suspicions that ILLIT had copied New Jeans.
As the controversy unfolded, HYBE CEO Park Ji-won said, “This is a case where a plan to take over the company has become clear, and we have decided to start an investigation to confirm this and rectification is confirmed inside and outside the company further clarified through this investigation, the company will take clear action against the responsible parties.” Please do not worry too much about the they say. At the moment, the responsible parties refuse to answer. legitimate investigations of the company, and most of what they claim is not true.
Original article circulation date and time: April 23, 2024 16:35
Reporter: Hwang Hye Jin
