Sunday, June 1, 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

Min Hee Jin Granted Court Injunction, 20B Won Compensation if HYBE Violates

Hina Ejaz by Hina Ejaz
30 May 2024
in TOP STORIES
0
ADOR CEO Min Hee Jin
75
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterWhatsApp

In a significant development, Min Hee Jin has successfully obtained a court injunction to prevent HYBE from exercising its voting rights to dismiss her. 

You might also like

NewJeans to Pay 1 Billion Won Fine per Independent Activity After Court Sides with ADOR

ASEA 2025 Winners (Day 1 & 2): Byeon Woo Seok, aespa, i-dle, BTS’ Jin, ENHYPEN, PLAVE, and More

Cha Eunwoo Military Enlistment Date and Discharge Details Announced

The court has also ordered a substantial compensation of 20 billion won if HYBE violates the injunction and attempts to fire her. 

The court also acknowledged that CEO Min Hee Jin tried to do some things on her own, like working outside of HYBE’s control and putting pressure on them. 

On May 30, the Seoul Central District Court granted a temporary order to block HYBE from using its voting rights, as requested by the ADOR CEO in her lawsuit against them.

The court found that HYBE’s reasons for dismissing her were not adequately explained. While she did try to find ways to operate independently of HYBE or reduce their control over ADOR, her actions didn’t necessarily go beyond exploring options. 

The court stated that although her actions might have been harmful to HYBE, they didn’t constitute a breach of trust towards ADOR.

The court ruled that HYBE’s voting rights cannot be exercised, considering the upcoming general shareholders’ meeting and the irreparable harm that would be caused by dismissing CEO Min. 

To ensure compliance, the court set a 20 billion won compensation for any violation, taking into account all relevant circumstances, including the potential damage to Min Hee Jin if she is dismissed. This measure aims to hold HYBE accountable and prevent them from violating the prohibition on exercising their voting rights.

On anothHYBE sparked controversy by revealing on April 22 that they had initiated an investigation into CEO Min Hee Jin and ADOR executives for their alleged attempts to take control of the company. HYBE swiftly accused ADOR’s CEO and the executives of violating trust, claiming to have obtained evidence of this violation during an initial audit.

Tags: ADOR HYBEMin Hee Jin
Share30Tweet19Send
Hina Ejaz

Hina Ejaz

Recommended For You

NewJeans
TOP STORIES

NewJeans to Pay 1 Billion Won Fine per Independent Activity After Court Sides with ADOR

by Hina Ejaz
30 May 2025
Byeon Woo Seok Jo Yu Ri, Kim Hye Yoon, aespa, ENHYPEN, and i-dle on the ASEA 2025 Red Carpet
TOP STORIES

ASEA 2025 Winners (Day 1 & 2): Byeon Woo Seok, aespa, i-dle, BTS’ Jin, ENHYPEN, PLAVE, and More

by Shumaila Ejaz
29 May 2025
Cha Eunwoo [Fantagio]
TOP STORIES

Cha Eunwoo Military Enlistment Date and Discharge Details Announced

by Shumaila Ejaz
29 May 2025
Ahn Sung Il and Keena from FIFTY FIFTY
TOP STORIES

The Givers CEO Ahn Sung Il Cleared in Keena’s Forgery Case; FIFTY FIFTY’s Agency Claims Audio Proof

by Hina Ejaz
29 May 2025
MAMA Awards 2025 Poster
TOP STORIES

2025 Mama Awards Date and Venue Announced

by Hina Ejaz
29 May 2025
Next Post
(G)I-DLE

(G)I-DLE to Kick off World Tour ‘iDOL’ with Seoul Concerts in August

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.