Can a dramatic reconciliation between Min Hee-jin, CEO of Ador, and parent company HYBE bring an end to their “uncomfortable coexistence?”
With internal conflicts leaving deep wounds on both sides for over a month, Min has publicly extended an olive branch toward HYBE.
Now that their dispute has escalated into a legal battle, what will be the outcome?
On May 31, during a press conference related to a special shareholders’ meeting, Min reached out to HYBE, suggesting that both sides should set aside emotional grievances for the greater good and think positively about the future.
This reconciliation proposal follows Min’s successful legal action to prevent her dismissal, despite the appointment of two new internal directors recommended by HYBE, leaving her in an isolated position.
Although Min avoided dismissal through the injunction, HYBE, armed with a new board, can still convene ADOR’s board to push for her removal again. Given HYBE’s intention to pursue further legal actions, Min’s position remains precarious.
Amid a conflict with HYBE that has lasted for over a month, Min has taken the first step toward reconciliation. Expressing her willingness to 카지노사이트 find a compromise, she said, “Honestly, I don’t even know who this dispute is for or what we are trying to achieve by fighting. Aren’t we tired of criticizing and slandering each other? I hope we can all choose what is more beneficial in the bigger picture and move in a positive direction.”
Min’s proposed solution focuses on amending the non-compete clause in the shareholder agreement, which she has previously described as a “slave contract.”
She said, “If the toxic clauses in the non-compete agreement are removed, I am willing to compromise on other issues.”
Min has consistently criticized the unfairness of the shareholder agreement with HYBE.
Her legal representative pointed out that the contract would only terminate if Ador ceases to hold the issued bonds and terminates employment, but 5 percent of the shares held by Min cannot be disposed of without HYBE’s consent, effectively enforcing a permanent non-compete clause.