The HYBE and ADOR battle reached the Seoul Western District Courtroom after the previous requested permission to carry a short lived shareholders’ assembly. As per an Allkpop report, the court docket listening to on Tuesday ended solely in half-hour. The Civil Division 21 of the court docket contemplated on HYBE’s utility to convene the assembly for the dismissal of ADOR CEO Min Hee-jin. (Additionally Learn | BTS Members’ cult group scandal: HYBE fumes over ‘Dahn World’ connection, ‘crossing the road…’)
Courtroom proceedings carried out privately
In line with the report, the court docket proceedings had been carried out privately, as per non-litigation process legal guidelines. The authorized representatives from Kim & Jang Regulation Agency representing HYBE and attorneys from Shin & Kim Regulation Agency representing ADOR had been current on the listening to.
Shareholders’ assembly in Might?
Following the listening to, Shin & Kim’s lawyer said, “The board of administrators will convene by Might 10, with the shareholders’ assembly anticipated to observe by the top of Might. Any additional statements will probably be made to the court docket by Might 13.”
What HYBE official mentioned
HYBE’s Chief Authorized Officer (CLO), Jung Jin Soo, mentioned, “We’ve got to attend and see if will probably be performed like that. Because it was said in court docket, I do not assume it is a lie. It isn’t considerably totally different from what we thought. We do not know ADOR’s intentions. We have to watch a bit.”
HYBE-ADOR battle thus far
On April 22, HYBE said that Hee-jin and key executives tried a takeover, making them launch an audit of ADOR and demanded that she resign. On Might 29, they filed an embezzlement criticism in opposition to Hee-jin with the Seoul Yongsan Police Station. On the identical day, she held a press convention, refuting the allegations and interesting for equity. She claimed HYBE was making an attempt to dismiss her unfairly after she accused one other of its subsidiaries, BELIFT LAB, of imitating NewJeans with a woman group of its personal known as ILLIT.
About Min Hee-jin, NewJeans
Hee-jin, who joined the business within the early 2000s, is extensively thought to be some of the profitable producers in Ok-pop, having labored with stars reminiscent of Women’ Era, EXO and SHINee. NewJeans, a Ok-pop phenomenon that made its debut in 2022 and whose members are all beneath 20, is amongst HYBE’s most profitable Ok-pop teams, together with BTS.