ADOR CEO Min Hee-Jin planning to dissolve K-Pop girl group New Jeans following spat with HYBE?
K-pop report, Min Hee-Jin, the CEO of the Korean agency ADOR, has requested the management to terminate the contracts of the members of the K-pop girl group New Jeans without interference from HYBE.
This development comes after Min Heejin had a massive fallout with HYBE after rumours of her trying to take over ADOR went viral online. ADOR, which is a sub-label of the K-Pop giant HYBE, earlier launched an audit of ADOR to hold Heejin accountable.
Traditionally, decisions concerning the exclusive contracts of prominent artists are made during shareholders' meetings. Previously, artists like BTS and BLACKPINK have announced the renewal of their exclusive contracts with statements such as «The board meeting approved the renewal of the members' exclusive contracts» and «The board passed a resolution to renew the group's exclusive contract.»
However, Min Hee Jin has reportedly requested a modification to her shareholder's contract, seeking the authority to terminate the NewJeans' members' exclusive contracts with ADOR independently, without board consultation and without intervention from HYBE.
Currently, The ADOR shareholder board includes Min Hee Jin, Vice President Shin, and board member Kim. However, since HYBE holds 80% of ADOR shares, it possesses the authority not only to convene a board meeting but also to replace board members who go against its interests. Heejin’s move has thus alarmed the HYBE management.
New Jeans is expected to make a comeback this month.
