Former ADOR CEO Min Hee-jin has once again spoken out about her growing dispute with HYBE, this time addressing public misunderstandings regarding her compensation, contract terms, and put option payments. His comments were made during his appearance on the December 4 episode of the YouTube show “Just gender.”
During the interview, host Jeong Young-jin highlighted the public’s growing interest in the shareholder agreement controversy.
Min Hee-jin responded that much of the speculation online was inaccurate. “People really don’t understand the shareholder agreement. Some major YouTubers have said that I made a lot of money with HYBE. This is absolutely false.”
She added that some even attempted to approach her with business proposals under the false assumption that she had already earned large payments. “In reality, I only received my regular salary and incentives. I never received the put option payment.”
Jeong Young-jin referred to reports that she was promised an operating profit of 13 times ADOR’s operating profit from the previous year as severance pay if she left ADOR.
Min Hee-jin confirmed that the offer was real. “It was initially supposed to be structured as a stock option, but changed to a put option when the relationship changed to an equity structure.”
As ADOR’s largest shareholder among the three shareholders, its expected payout is substantial. “My amount is about 25.56 billion KRW, so about 25.6 billion won.”
He emphasized that this figure is closely linked to performance.
Min Hee-jin argued that the relationship with shareholders should be evaluated based on business performance, not emotions. “Shareholder confidence should come from business results. Among all HYBE subsidiaries, I was the CEO who generated the most revenue and I did it in two years.”
He strongly criticized HYBE’s implication that trust had been broken: “I have done nothing to damage the relationship with shareholders. I have actually excelled. If you look at the numbers, I should be recognized for my work and not for it being portrayed negatively.”
Min Hee-jin expressed deep frustration with online narratives that framed her as someone who had already collected large payments from HYBE. “I didn’t get paid for the put option. I didn’t make a fortune. I only earned what was contractually mine.”
As the dispute continues, Min Hee-jin’s statements are gaining widespread attention, reigniting discussions about the future of ADOR, NewJeans, and the complex legal battle between Min Hee-jin and HYBE.
Sources: Nate News
