On May 30, Korean news outlets reported that Min Hee Jin had won her injunction against HYBE Labels. According to sources, the Seoul Central District Court officially granted Min Hee Hin's appeal to prohibit HYBE from putting voting rights into effect which would lead to her removal as ADOR CEO.
Best Selling K-pop Companies on Circle Chart in First Half of 2022― Who Is #1?Twitter: @HYBEOFFICIALtwt
Court Rules in Favor of Min Hee Jin's Injuction + CEO's Lawyers Release Lengthy StatementNews1
"HYBE is prohibited from using its voting rights in the shareholder meeting on May 31, 2024," Min Hee Jin's legal representative stated. "Should HYBE ignore this ruling and proceed to remove Min Hee Jin and ADOR's executives, they will be required to pay a penalty of ₩20.0 billion KRW ($14,544,000 USD) to Min Hee Jin."
It added, "We urge HYBE to respect and adhere to the court's injunction."
This prompted the company to release a brief statement not long after the decision was made. HYBE replied that the company would respect the decision and that the voting rights would not be exercised. HYBE also added that it plans to take the next steps that are enclosed by the law's boundaries.
Read HYBE's full statement below:
"In respect of the court's decision regarding the preliminary injunction lawsuit filed by CEO Min Hee Jin, we will not exercise our voting rights in favor of the 'Removal of Inside Director Min Hee Jin' at the upcoming extraordinary general meeting of shareholders.
Additionally, as the court stated in this decision, 'It is clear that CEO Min Hee Jin sought a way to weaken HYBE's control over ADOR and allow Min Hee Jin to independently control ADOR by taking NewJeans out of HYBE's control or pressuring HYBE to sell its stake in Adore.'
We plan to follow up the next course of action that is within the boundaries of the law."
On social media platform X (Twitter), netizens reacted to Min Hee Jin's retainment of her role as ADOR CEO.
For a woman to win against a conglomerate that owns 80% of the company with all their media play and harrassment, this is unprecedented https://t.co/Lnz2yEkUhA
I need everyone to understand it‘s extremely RARE to win this type on injunction. it must mean hybe really had NOTHING illegal on hand against her 😭 all of this emotional distress on nwjns for what? https://t.co/UTe363I754
the court ruled that she was about to cause harm to hybe but not Ador so they said there was not enough evidence, and remember that the jury's decision is TEMPORARY, she has a police investigation still and she won't have an easy life in HYBE anymore. https://t.co/gAGAnDnndr
The only people in this situation that I feel sorry for are all the rest of the artists under hybe whose personal information and schedules are going to continue getting leaked to the public by this woman. No one in that building is safe while this woman is allowed to be in it. https://t.co/IOuIyqRMW7
The way the court literally said ok the evidence is REAL, we agree she's been taking actions against you, but it's still not enough reason for you to fire her... unless criminal final of her police investigations. If I was hybe I'd pay that $14M fine and kick her tf out today… https://t.co/3DdH4IN9uw
Hybe deserves this for hiring her in 1st place Bang PD you deserve all of this and now I am just waiting for the moment Sc00ter will do something to harm your profit because him supporting genocide doesn't disgust you but him taking away extra money will definitely make you move https://t.co/CfR1xbKrot
Guess ADOR is really about to be the black sheep company of HYBE cause no way any of the other sub labels there are gonna be happy about this. https://t.co/QMvxJXVM1r
— We love facts⁹³ |D-Day| (@yoongi_teas) May 30, 2024
So the claims made by hybe n all those stuffs they presented were lies cuz court rejected em? https://t.co/6m49fhZkwQ
Told y'all he was bluffing, he had no concrete evidence of all the nonsense he was spewing and on top of that he is greedy. His misogynistic ass wants min heejin gone but he can't even pay 20 billion won in damages to satisfy his massive ego https://t.co/i6ZPZ2Cjf5pic.twitter.com/Fek6FJwamP
as an american living in a right-to-work state who is familiar with being fired for absolutely no reason it is absolutely wild to me that a menace to society like min heejin can just strong arm her company into not firing her. like what the fuck https://t.co/J8p0m3ui1B
— ˚₊‧꒰ა DJ ໒꒱ ‧₊˚ TTYL (@co11ectivesoul) May 30, 2024
I don't understand, she has done all the possible crimes someone can do in a corporate sector. Going long as far as doing shamanic practices. Her claim is her group gets mistreated.
Her plan was to leave HYBE in the first place ? THEN WHY TF SHE WANTS TO STAY ??? https://t.co/CDud4l1w8t
