New conflict over ADOR CEO replacement... ”Choice for NewJeans' future” in response to former CEO Min Hee Jin's ”unilateral dismissal”

Min Hee Jin has stepped down as CEO of ADOR, and there are conflicting claims between ADOR and former CEO Min Hee Jin regarding this matter.
On the 27th, the management office of the group "NewJeans" ADOR said in an official statement, "The company held a board meeting on the 27th and
The new CEO will be responsible for stabilizing ADOR's organization and internal organization.
Although I will be stepping down as CEO, I will maintain my position as an internal director at ADOR. I will also continue to be in charge of producing NewJeans."
As ADOR announced that production and management would be separated, Min Hee Jin, the former CEO, immediately responded with a rebuttal.
Former CEO Jin's side said, "We were suddenly notified on the 24th that a board meeting would be held to discuss the change in CEO," and announced that he would be participating via phone.
However, he added that the decision to dismiss her was made against the wishes of former CEO Min Hee Jin and that "we consider this to be a major breach of contract."
Regarding the production of "New Jeans," they stated that it was a "unilateral notice without any discussion."
In May, ADOR held an extraordinary shareholders meeting and appointed Kim Juyeon, CHRO (chief personnel officer) recommended by HYBE.
The company appointed Lee Jae Sang, CSO (Chief Strategy Officer), and Lee Kyung Jun, CFO (Chief Financial Officer) as new internal directors. Previously, former CEO Min Hee Jin filed a lawsuit against the court for the loss of HYBE's voting rights.
He applied for a provisional injunction to prohibit the exercise of his rights, and the provisional injunction was granted, allowing him to retain his position as representative director at the time. However, the two existing internal directors were dismissed, and the ADOR board of directors
The composition was reorganized to 1:3. After that, the decision of the board of directors was made, and former CEO Min Hee Jin stated that it was a breach of contract. ADOR again issued an official statement, saying, "ADOR has filed for bankruptcy.
The board meeting was conducted lawfully, in accordance with the procedures set out in the Commercial Act and the articles of incorporation, from notice of the matter to voting. The date of the meeting was chosen from among the dates that former CEO Min Hee Jin had requested to postpone.
"With former CEO Min participating via video conference, the board of directors held thorough discussions and made the best decision for the future of ADOR and NewJeans," the company said.
As Min Hee Jin's side has protested against the resolution to dismiss her as CEO of ADOR, attention is now focused on the future of Min Hee Jin and the fate of "New Jeans."