I will resign as an ADOR director. I will also terminate the shareholder agreement I signed with HYBE and hold HYBE legally liable for any breach of the shareholder agreement.
"We will take necessary legal action one by one regarding the numerous illegal activities of those involved," Min Hee Jin said. "Starting with the illegal audit of HYBE in April of this year,
Even though the hellish battle with HYBE has been going on for over seven months, I have made every effort to abide by the Shareholders Agreement and return ADOR to its original place as it was before April.
"However, HYBE has not admitted to their mistakes and there are no signs of change, so we have decided that further efforts would be a waste of time," he said, explaining the reasoning behind the decision.
Min Hee Jin, who has twice come forward to defend the Korean girl group NewJeans, said, "Far from showing any remorse, HYBE has been spreading massive lies.
They have fabricated a false report and are carrying out the most foolish act ever, exposing the embarrassing illegal audit to the public. I, a minority shareholder and CEO, am being subjected to the bizarre punishment of "deprivation of management rights."
"They launched a witch hunt, accusing us of being rhetorically false and unreasonable, which is unthinkable for a large company," he said. "After many twists and turns, a very long seven months have passed.
While it has finally become clear that my whistleblower report was a legitimate accusation based on clear facts, HYBE's ugly lies and hypocrisy are being revealed one after another."
He also pointed out, "The truth is, HYBE should have known from the beginning that all the information contained in the whistleblower report was true and that it was a legitimate issue to be raised," and added, "However, they were solely focused on themselves.
For them, for whom only their own profits and advancement are important, the essence of 'problem solving' was probably the homework they most wanted to ignore."
And then, HYBE started a pointless lawsuit, and Media Play
"While the R&R discussion, which is the essence of a business contract, is being conducted, the confidentiality agreement includes incomprehensible requirements, such as consent to a forensic investigation before the discussion.
They repeatedly made the incomprehensible claims that they could not provide the R&R documents, insisting on a face-to-face meeting, and that they had unilaterally dismissed me.
It is astonishing that the person who spread the false information in the media that he had stepped down as CEO and decided to take on producing duties is now forcing others to "keep it a secret."
Min Hee Jin said that HYBE's brutality in 2012 will be recorded as an unprecedented incident in the history of K-pop, and added, "I will not spread this in the future.
I hope you will also take great interest in the new K-POP journey that will unfold. I will end this article by letting you all know with a clear mind."
2024/11/20 14:06 KST
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