Min Hee Jin Files For An Injunction In Hopes Of Regaining Her CEO Position at ADOR
Former ADOR CEO Min Hee Jin has filed an injunction for an ADOR shareholders’ meeting and her reappointment as an internal director!
On September 13, Min’s legal team announced that she submitted this request to the Seoul Central District Court.
Min’s team argues that her dismissal as CEO violates the shareholder agreement and contradicts a previous court decision that prohibited exercising voting rights regarding her removal. The injunction seeks to hold an extraordinary shareholders’ meeting to reappoint Min as a director and CEO of ADOR before her director term ends on November 2, 2024.
Min’s legal team emphasized that her five-year term as ADOR’s CEO and internal director is protected by a valid shareholder agreement. Despite this, HYBE, ADOR’s parent company, unilaterally dismissed her, citing reasons they had used previously—reasons already rejected by the court.
They continued, “Min Hee Jin’s three-year term as ADOR’s internal director ends on November 2, 2024. HYBE has baselessly claimed that the shareholder agreement has been terminated with less than two months remaining in her term. It is evident that HYBE will not reappoint Min Hee Jin as an internal director.”
Additionally, they stressed that HYBE’s ongoing contract breaches and defamation tactics should stop, calling for rational management decisions that align with ADOR and NewJeans’ future.
What do you think of Min Hee Jin’s actions?
Source: A
