Saturday, June 21, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
K-POP NEWSWIRE
  • Home
  • TOP STORIES
  • BTS
  • KDRAMA
  • KPOP
  • ENTERTAINMENT
  • FASHION
  • TOURS
  • GLOBAL
No Result
View All Result
K-POP Newswire
  • Home
  • TOP STORIES
  • BTS
  • KDRAMA
  • KPOP
  • ENTERTAINMENT
  • FASHION
  • TOURS
  • GLOBAL
No Result
View All Result
K-POP Newswire
No Result
View All Result
Home TOP STORIES

HYBE Calls for Meeting with ADOR Shareholders, Asks CEO Min Hee Jin’s to Step Down

Shumaila Ejaz by Shumaila Ejaz
22 April 2024
in TOP STORIES
0
Min Hee Jin
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterWhatsApp

HYBE, after auditing its subsidiary ADOR, began to use its shareholder power. They called for a meeting of ADOR’s shareholders and asked the CEO, Min Hee Jin, to step down. 

You might also like

Haknyeon Says He Was Forced to Leave THE BOYZ, Denies Prostitution & Vows Legal Action

Police Launch Full Investigation Into Former THE BOYZ Member Haknyeon’s Overseas Prostitution Scandal

BLACKPINK Comeback Reportedly Pushed to July + Agency’s Response

This all happened after HYBR had audited ADOR previously and noticed they were trying to break away from the parent company. HYBE confirmed the situation and acted quickly to prevent any takeover attempt.

On April 22, the industry buzz was that HYBE asked the ADOR board to gather for a shareholders’ meeting. They want to make the current management answer for trying to take control and also bring in some new directors from HYBE.

ADOR, created by CEO Min Hee Jin in 2021, is a label under HYBE, managing NewJeans. HYBE owns 80% of ADOR, and the remaining 20% is in the hands of top executives, including CEO Min Heejin.

It’s uncertain if ADOR will hold the shareholders’ meeting as requested by HYBE. The decision to hold this meeting lies with the ADOR board, as CEO Min Heejin has a strong influence on it.

Currently, besides CEO Min, ADOR’s two executive directors are all considered close associates of her from her time at SM Entertainment.

If the ADOR board doesn’t play ball with HYBE, there’s no direct way to force them. In this scenario, it’s very probable that HYBE might go the legal route, asking for a court order to push for a shareholders’ meeting. If the court greenlights the meeting, it could pave the way for HYBE’s nominated directors to join ADOR’s board.

HYBE also sent a letter asking CEO Min Hee Jin to step down. As per reports CEO Min, who’s calling the shots on the board, is likely to turn down the resignation.

NewJeans, a girl group nurtured by Hee Jin, made their debut in 2022 and dropped hit tracks like Hype Boy, Attention, Ditto, OMG, and Super Shy.

Tags: ADORHYBEMin Hee JinMin HeejinNewJeans
Share30Tweet19Send
Shumaila Ejaz

Shumaila Ejaz

Recommended For You

Haknyeon in a teaser for THE BOYZ's 3rd Album Unexpected
TOP STORIES

Haknyeon Says He Was Forced to Leave THE BOYZ, Denies Prostitution & Vows Legal Action

by Shumaila Ejaz
20 June 2025
Ju Haknyeon in a teaser for THE BOYZ's 3rd Album Unexpected
TOP STORIES

Police Launch Full Investigation Into Former THE BOYZ Member Haknyeon’s Overseas Prostitution Scandal

by Rowhaan
20 June 2025
BLACKPINK Members Lisa , Jisoo, Jennie, and Rose at Born Pink Movie Screening in August 2024
TOP STORIES

BLACKPINK Comeback Reportedly Pushed to July + Agency’s Response

by Rowhaan
19 June 2025
Ju Haknyeon and Asuka Kirara
TOP STORIES

Everything You Need to Know About Ju Haknyeon’s Controversy and Departure From THE BOYZ

by Hina Ejaz
18 June 2025
Ex-NCT member Taeil arriving at the court for hearing on June 18, 2025
TOP STORIES

Ex-NCT’s Taeil Pleads Guilty in Sexual Assault Case – Court Exposes Disturbing Gang Rape Details

by Shumaila Ejaz
18 June 2025
Next Post
ILLIT and NewJeans

Min Hee Jin Reveals ILLIT Copying NewJeans to be the Cause of Conflict with HYBE

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • BTS
  • ENTERTAINMENT
  • FASHION
  • GLOBAL
  • KDRAMA
  • KPOP
  • TOP STORIES
  • TOURS
Facebook Twitter Instagram Pinterest Whatsapp

K-Pop Newswire

Catch the freshest K-pop news, K-drama updates, fashion trends, and entertainment buzz. From BTS to the latest fashion hits, K-Pop Newswire covers it all.

Categories

  • BTS
  • ENTERTAINMENT
  • FASHION
  • GLOBAL
  • KDRAMA
  • KPOP
  • TOP STORIES
  • TOURS

Useful Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Copyright © 2024 K-Pop News Wire | All Rights Reserved.

No Result
View All Result
  • Home
  • TOP STORIES
  • BTS
  • KDRAMA
  • KPOP
  • ENTERTAINMENT
  • FASHION
  • TOURS
  • GLOBAL

Copyright © 2024 K-Pop News Wire | All Rights Reserved.