2024-09-13 HYBE Statement

Source: HYBE Responds To Min Hee Jin’s Injunction Request For Reappointment As ADOR's Inside Director | Soompi 

The shareholder agreement between HYBE and former CEO Min Hee Jin has already been terminated. Once the agreement is terminated, its legal effect is void. A lawsuit has been filed to confirm the termination of the shareholder agreement, and we are awaiting the court’s decision.

The decision to dismiss Min Hee Jin as CEO was made independently by ADOR’s board of directors as part of a business management decision. It is unrelated to HYBE or the shareholder agreement.

We regret that Min Hee Jin, who has long emphasized the importance of ADOR’s independent management as a separate entity, is not respecting ADOR’s board of directors’ decision.