Min Hee Jin’s bid for reinstatement as CEO of ADOR has been officially denied by the Seoul Central District Court. In September, Min Hee Jin, former CEO of ADOR, had filed an injunction to convene an extraordinary shareholders’ meeting, seeking to regain her positions as an internal director and CEO. However, on October 17, prior to the court’s decision, ADOR held an extraordinary general meeting, during which Min Hee Jin was reappointed solely as an internal director, without resuming her role as CEO.
On October 29, the court finally issued a ruling, dismissing Min Hee Jin’s request for an injunction to reinstate her as CEO. According to the court’s judgment, Min Hee Jin’s claims did not meet the legal requirements necessary to justify such an injunction.
In response to the ruling, HYBE, the company overseeing ADOR, expressed satisfaction with the outcome. In an official statement, HYBE said, “We appreciate the court’s wise judgment. We will take this opportunity to restore normal operations at ADOR, strengthen our multi-label system, and provide necessary support for our artists’ activities.”
Despite the unfavorable ruling, Min Hee Jin indicated that she does not intend to abandon her efforts to regain the CEO position. Emphasizing the existence of a shareholders’ agreement that allegedly grants her a five-year term as CEO, Min Hee Jin commented, “This decision does not mean the court accepted HYBE’s claims. I urge HYBE to honor the terms of the agreement and make a sensible decision for the future of NewJeans and ADOR.”
The ongoing dispute between Min Hee Jin and HYBE over ADOR’s leadership places the company and its shareholders in a complex position, while fans and investors closely monitor the outcome of this standoff.
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