Last Wednesday, 20th, Min Hee Jinformer CEO of ADOR who had recently been reinstated as Internal Director, announced through a note that she was resigning from her new position, officially leaving the company, in addition to also terminating her relationship with HYBE.
Today, I am resigning from my role as internal director at ADOR.
Furthermore, I am terminating the shareholders’ agreement with HYBE and intend to hold HYBE legally responsible for violations of this agreement.
Furthermore, I will take necessary legal action one by one against the numerous illegal activities committed by HYBE and its affiliates.
Despite the hellish dispute that lasted more than seven months with HYBE, which began with the illegal audit of HYBE in April, I did everything in my power to maintain the shareholders’ agreement and restore ADOR to its pre-April state. However, HYBE has not acknowledged its wrongdoing or shown signs of changing, leading me to conclude that further efforts would be a waste of time.
I expected HYBE to admit its mistakes and worked tirelessly to protect NewJeans within HYBE, which had become distorted. That’s why I sent internal reporting emails twice in April.
However, instead of reflecting, HYBE fabricated absurd falsehoods and publicly displayed its shameful illegal audit, an unprecedentedly foolish act. They framed me, a minority shareholder and CEO, with the bizarre accusation of a ‘management takeover’ and launched ignorant and irrational attacks that are hard to believe came from a major corporation.
After countless twists and turns, it has finally become clear that my report was based on undeniable facts and was a legitimate report, while HYBE’s horrible lies and hypocrisy are being exposed one by one.
In fact, HYBE probably knew from the beginning that the content of my report was true and that my concerns were legitimate.
However, for those who prioritized their own interests and progress, the essence of ‘problem solving’ was a task they most wanted to avoid.
I didn’t expect them to repent, but I believed they would have at least a minimal level of consciousness as human beings, which now appears to have been a naive error in judgment.
Just like just breathing doesn’t mean someone is truly alive, I didn’t want to hold on to money and settle into this twisted organization.
HYBE continued to use their subsidiary labels to engage in irrational lawsuits, petty criticism, and unfair use of the media to bury me, while hypocritically presenting a production delegation contract full of toxic clauses as if they were doing me a huge favor.
They insisted on discussing R&R (Roles and Responsibilities), the core of the delegation contract, while demanding incomprehensible conditions such as forensic consent before discussion, and insisting only on face-to-face meetings without providing the R&R document, which was an incomprehensible stance.
Despite unilaterally firing me, they spread false information to the media that I had resigned as CEO to take on production duties. It no longer surprises me that those who spread false information demand ‘confidentiality’ from others with such shamelessness.
HYBE’s actions in 2024 will go down as an unprecedented incident in K-pop history.
Over the past seven months, I have invested all my mental, economic and physical resources into reviving ADOR, which was devastated by the serious violations of HYBE’s shareholder agreement.
It was a hellish battle against the baseless violence of a group disguised as a large corporation, but I didn’t back down and made every effort.
HYBE’s moral decay has reached its apex, and although their dirty deeds in the media continue, I am not worried because the public has probably already become aware of their standards.
However, if there is any force or media that unfairly slanders me, I will not stand by and take legal action.
This unprecedented incident is not over yet, but I want to express my sincere gratitude to many people, including Bunnies (NewJeans fan club name), who have supported and cheered me tirelessly for almost half a year.
Ironically, through this fight with the worst company, I met the best people, which is especially lucky.
Some may not understand why I made it this far, but there is a reason and meaning for someone like me to exist in this world.
I hope you continue to show interest in my new K-pop journey.
I conclude this message with a sense of relief, sharing these words with some people:
‘A person’s malicious actions should never tarnish the essence of the profession. This is really wrong.’”
After the announcement of Min Hee JinADOR spoke briefly in a statement, stating that they regret the businesswoman’s resignation, and that they will do their utmost to “support NewJeans”:
ADOR regrets the unilateral dismissal notice of Director Min Hee Jin. Our company will do its utmost to support NewJeans so that they can continue to grow and develop further.
Thanks”.
Source: Recreio
