2024-04-25 13:17:27
Min Hee-jin, CEO of Adore, a Hive label and New Jeans agency, said that when she was working at SM Entertainment, she received an offer from former SM general producer Lee Soo-man to become the president of SM.
CEO Min Hee-jin, along with her legal representative, Sejong, held an emergency press conference at the Korea Conference Center in Seocho-gu, Seoul at 3 p.m. on the 25th and directly expressed her position on the allegations surrounding her.
On this day, CEO Min said, “I am curious about Saddam’s intention to package me as something serious and criticize me. I did not betray Hive, but I think Hive betrayed me, and after using me enough to use me, I am curious about the intention of selling me.” “I think it’s an intention to criticize me for not listening. I don’t know what crime I’m guilty of, but I think my only crime is doing a good job,” he said.
He continued, “The reason why I can say this confidently is that when I quit SM, there were many suspicions, but I am an unusual person, and there was a part of me that made me persistent in my work, and the reason I left SM was because Soo-Man Lee said that I was very smart when I was young. “I think they looked after me and gave me a chance, so even though it was hard, I endured it, and I was so focused on expanding my work that I couldn’t quit the company even though it was difficult,” he said. “While working like that, Lee Soo-man also changed compared to before, and there were some disappointing aspects, including his attitude, and he and I “I didn’t think it would be a good fit, and in the end, since it wasn’t a good match, I thought that if I didn’t like the temple, I should leave the middle school.”
He continued, “I previously told Mr. Soo-Man Lee about my business plan and also had plans for a girl group, but while talking about that, he asked SM to make him the president of a subsidiary rather than a registered director. I thought that if I wanted to do something new, I wouldn’t be able to do it in this organization (SM).” “I received an offer from SM to be the president, but my goal was not to become the president, and becoming the president would not achieve my goal, so I decided to leave because we did not agree,” he said.
He said, “(SM) didn’t accept my resignation for a long time. It took over three months, and on December 31st, I said, ‘I can’t do any better,’ but I had no plans and was thinking about leaving the job.” “Someone contacted me and said, ‘Someone wants to see Heejin, but I can’t tell you who it is,’ so I was curious and the person I met a week later was Chairman Bang Si-hyuk,” he said.
CEO Min Hee-jin joined SM Entertainment through open recruitment in 2002 and served there until 2018. After she left SM, she moved to the position of Chief Brand Officer (CBO) of Hive in 2019, and since 2021, she has been the head of Adoor.
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 announced that it would file a complaint on the 25th on charges of breach of trust, etc., against those involved based on the relevant materials.
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)
2024-04-25 13:17:27