Wednesday, June 19, 2024
HomeNews"Report: ADOR CEO Min Hee-jin Requests Autonomy in Terminating NewJeans' Contract from...

“Report: ADOR CEO Min Hee-jin Requests Autonomy in Terminating NewJeans’ Contract from HYBE”

ADOR CEO Min Hee-jin Seeks Contract Changes Amid Conflict with HYBE

In the ongoing conflict between ADOR and HYBE, ADOR CEO Min Hee-jin has requested significant changes to her shareholder’s contract with HYBE, including the right to terminate contracts with NewJeans members without board approval. This request, made on February 16, underscores the escalating tensions between the two entities.

Shin & Kim Law Firm, representing ADOR, revealed the latest development. According to Korea JoongAng Daily, Min Hee-jin’s demand for autonomy in contract termination aims to safeguard ADOR’s interests and those of the band members. The request is framed as necessary to protect the label and address what Min Hee-jin perceives as unfair interference from HYBE.

The requested changes to Min Hee-jin’s shareholder agreement also target clauses she considers oppressive, characterizing the existing contract as a “slave contract.” These demands highlight her commitment to ensuring fair and independent management rights for ADOR.

The conflict stems partly from HYBE’s handling of NewJeans’ debut. Initially promised as HYBE’s first girl group, NewJeans faced delays as HYBE prioritized Source Music’s Le Sserafim. HYBE’s explanation cites Min Hee-jin’s request for a separate label, leading to administrative delays. However, ADOR disputes this, asserting that HYBE reneged on its promise for NewJeans’ debut.

In response, Shin & Kim criticized HYBE’s alleged misinformation regarding NewJeans’ debut, highlighting discrepancies between promises made during auditions and actual actions. Currently, HYBE holds 80% of ADOR, with Min Hee-jin owning 18% and other label executives holding 2%.

The conflict underscores broader issues of control and decision-making within entertainment conglomerates, reflecting tensions between creative autonomy and corporate influence. As negotiations continue, stakeholders await further developments in this high-profile dispute.

Sources By Agencies



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments