HYBE responded.
This article is part of our coverage of HYBE vs. ADOR CEO Min Hee Jin. You can read more and view the full timeline here.
On September 26, KST, one day after he refused I LOVE ITthe compromise proposal for a partial return, Min Hee Jin She argued that her dismissal as CEO of ADOR was unfair and that HYBE had offered her money to leave.
In an interview with Joong Ang Ilbo On this day, the former CEO was asked about speculation that her conflict with HYBE was mainly due to a ₩100 billion KRW (approximately $75.0 million USD) stock option. In response, she revealed that HYBE actually wanted to pay her to leave, but she refused because money was not the goal.
After winning the injunction in May, HYBE came to me with a negotiation offer saying, “We’ll give you the money. Take it and go.” But I refused because money wasn’t my goal.
—Min Hee Jin
Min also said that his ouster from ADOR’s CEO post was a “public execution” of a manager of a company controlled by “openly disobeying” the wishes of the parent company.
HYBE immediately released a statement denying Min’s claims. They said they never offered Min Hee Jin money to leave the company and that her dismissal was a fair decision made only after an internal audit. The audit itself was initiated through reliable evidence and did not cross legal boundaries, as she suggested.
Meanwhile, Min Hee Jin recently rejected an offer from ADOR to return as a board member, saying it was an unreliable proposal. Read more here.
HYBE vs. ADOR CEO Min Hee Jin
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