Former Ador CEO Min Hee-jin says she plans to maneuver ahead with NewJeans’ future actions regardless of her ongoing dispute with HYBE. Korea Occasions file
Former CEO talks about future plans in interview with Japanese media outlet
By KTimes
Regardless of being presently embroiled in a dispute with guardian firm Hybe, Min Hee-jin, the previous CEO of Okay-pop label Ador, expressed her dedication to maneuver ahead with lady group NewJeans’ future plans.
“I’ve a plan to beat these challenges,” the embattled former CEO stated.
She made the feedback throughout an interview with Japan’s TV Asahi/ANN Information program Information Station, Tuesday.
Within the interview, Min stated: “For the time being, I’ve not signed a producer contract with Hybe or Ador, so I’m not a producer or CEO. I’m solely performing with the authority of an organization director, so in actuality, I’m in a type of (a) ‘floating’ state of affairs.”
Nonetheless, she stated she is continuous to work on NewJeans-related duties.
Min stated she initially deliberate a NewJeans world tour in 2025, adopted by the discharge of a full-length album early within the 12 months. Nevertheless, regardless of persevering with her work, she stated she feels caught “in a state of uncertainty” in regards to the subsequent steps and hopes to resolve the state of affairs shortly.
Whereas Min talked about having a plan to beat her present challenges and battle with Hybe, she didn’t disclose particular particulars.
Min filed for an injunction in opposition to Hybe, Ador’s main shareholder, claiming her dismissal as CEO was unjust. She demanded Hybe train its voting rights to reappoint her as CEO, as per their shareholder settlement. The listening to happened on Friday, and the court docket plans to decide by Oct. 25.
“It’s contradictory for Hybe to accuse me of embezzlement whereas providing me a producer position. Once I wished to create a brand new sort of label that might carry a brand new wave to Okay-pop, Hybe requested me to do it collectively,” she stated. “I selected Hybe out of many choices, but when this stuff weren’t assured, I wouldn’t have joined Hybe.”
She stated that solely managing the inventive facet can’t repair systematic contradictions and dilemmas. For her imaginative and prescient to succeed, manufacturing, funding and administration should all work collectively, which is why she underscored the need of her reinstatement as CEO.
Hanni of NewJeans solutions questions from lawmakers through the Atmosphere and Labor Committee’s Nationwide Meeting audit in Yeouido, Seoul, Tuesday. Yonhap
Hanni’s testimony
Relating to the testimony of NewJeans member Hanni throughout a Nationwide Meeting listening to, the place Hanni expressed that she had skilled office bullying, Min stated, “Hanni’s mom (who resides in Australia) will not be in Seoul, so naturally, I’m performing as her guardian and help system in Seoul. I’ve no need to deal with the younger NewJeans members like avatars.”
The 20-year-old singer recounted an incident the place she was ignored by a supervisor from one other Hybe subsidiary label, shedding gentle on harassment within the leisure trade.
Min stated, “This isn’t only a take a look at affecting my life alone, however the lives of everybody I work with, and that’s why I’m preventing. I consider that justice will prevail, and that’s why I’m taking this on.”
She additionally added, “This dispute will come to an finish in some kind, and though issues are quickly on maintain, we’ll be capable to use this another way afterward.”
Hanni, a member of the Okay-pop lady group NewJeans, shared her testimony at a Nationwide Meeting audit as a witness Tuesday. Right here she is Kim Joo-young, CEO of her label, Ador. Yonhap
Though the battle between Hybe and Min has continued for practically six months, Hybe continues to encourage its workers.
Hybe CEO Lee Jae-sang addressed the employees throughout a city corridor assembly Monday, saying, “In case you belief and wait, you’ll see the knot regularly untangle,” and added, “We’re dealing with issues in a principled and rational method.”
He additionally expressed his honest gratitude to the employees, acknowledging their laborious work regardless of the troublesome circumstances, urging the employees to help and encourage each other.
In response to rising issues over Hybe’s monetary well being, the corporate introduced Tuesday its determination to situation 400 billion received ($310 million) value of convertible bonds (CB).
The bonds carry a zero-percent rate of interest and early redemption yield, and the proceeds can be used to repay practically 400 billion received to buyers who exercised their put choices on CBs issued in 2021.
In the course of the city corridor assembly, CEO Lee reassured workers, saying, “The corporate’s monetary well being may be very robust. We now have 1.2 trillion received in obtainable money.”
This text from the Hankook Ilbo, a sister publication of The Korea Occasions, is translated by a generative AI system and edited by The Korea Occasions.
