2024-04-25 20:20:49
Min Hee-jin, CEO of Adore, the agency of the group New Jeans, held an emergency press conference regarding suspicions of breach of trust related to an attempt to seize management rights. At the beginning of the press conference, he showed signs of discomfort, saying, “I can’t talk because of the photo shutter,” and there was a small commotion at the beginning of the conference as photographers left.
CEO Min Hee-jin held an emergency press conference with her legal representative, Sejong, at the Korea Conference Center in Seocho-gu, Seoul at 3 p.m. on the 25th and expressed her position on the events surrounding her.
On this day, CEO Min Hee-jin appeared with a stern expression. Representative Min appeared at the press conference wearing her comfortable striped attire and a cap.
On this day, when CEO Min appeared, there was a barrage of flashlight from photographers. In response, CEO Min showed signs of discomfort, saying, “I can’t see too much,” “I can’t speak,” and “I can’t speak when the shutter sounds.”
Representative Min grabbed the microphone and asked for understanding, saying, “I’m sorry, but I have to be honest with you today, but if the shutter sound or flash continues to shine, I won’t be able to concentrate and I won’t be able to speak.” In the end, at CEO Min’s request, the photographers left after taking a short photo shoot.
Representative Min was also seen holding his chin in pain during a brief photo shoot.
Previously, on the 22nd, it was reported that some Adore executives were being audited for their ‘attempt to leave the hive’. A letter was sent to Hive Adore’s board of directors requesting that a general shareholders’ meeting be convened and CEO Min Hee-jin’s resignation.
However, CEO Min refuted that they were notified of their dismissal after raising the issue of the so-called ‘Aillet New Jeans copy incident’, claiming that the new girl group Eyelet, under Belif Lab, another label of Hive, copied several parts of New Jeans. I went out.
Hive conducted an audit of some of Adore’s executives, including CEO Min Hee-jin, in connection with the attempt to seize Adore’s management rights, and announced interim results on the 25th. According to the audit results, Hive confirmed the specific facts that a plan to seize management rights was established led by CEO Min Hee-jin and also secured physical evidence. During the investigation, one of the audit subjects submitted information assets containing plans to seize management rights and contacts with external investors as evidence, and also admitted to writing a Hive attack document for this purpose.
According to the face-to-face investigation and the conversation transcripts included in the submitted information assets, CEO Min Hee-jin instructed Adore executives to prepare a way to pressure Hive to sell its shares in Adore. In accordance with this instruction, methods for terminating the exclusive contract with the artist and invalidating the contract between Adore’s CEO and Hive were discussed in detail. There were also conversations such as, ‘Let’s bring in global funds and make a deal with Hive,’ ‘Critical appeal for everything that Hive does,’ and ‘Think of ways to harass Hive.’
Hive also claimed that CEO Min had engaged in serious ‘shamanic management’ in the audit process that was additionally disclosed this afternoon. Hive said that CEO Min was coached by a female shaman to carry out major company management issues, such as personnel and recruitment, and that this shaman was a close relative of CEO Min who contacted her as a spirit, and that she had been coaching CEO Min on overall management through KakaoTalk. . According to the ‘Shaman Management’ conversation log released by Hive, the shaman said in 2021, “Bring back the company after 3 years.” Representative Min asked this shaman, “Will BTS go to the military or not?” and then said, “I think it would be more beneficial for me without them.” In addition, it was discovered that CEO Min shared the personal information of the interviewees with this shaman and discussed recruitment. However, Representative Min is known to have denied all of this in a response sent on the 24th.
Hive said it would file a complaint on the 25th against those involved on charges of breach of trust, etc., based on the data.
Meanwhile, Adore is a company created in 2021 by Hive, chaired by Bang Si-hyuk, with an investment of 16.1 billion won in capital. Currently, CEO Min holds 18% (573,160 shares) of Adore stock, making him the second largest shareholder. In the first quarter of last year, Hive reduced its 100% stake in Adore to 80%. CEO Min exercised a call option (the right to buy stocks at a set price) and purchased an 18% stake in Adore.
(Seoul = News 1)
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2024-04-25 20:20:49