HYBE Accepts Court’s Decision on Min Hee Jin’s CEO Position + Will Prepare Next Actions

HYBE Accepts Court’s Decision on Min Hee Jin’s CEO Position + Will Prepare Next Actions
HYBE Accepts Court’s Decision on Min Hee Jin’s CEO Position + Will Prepare Next Actions

HYBE has released an official statement regarding its stance on the court’s decision in favor of Min Hee Jin.

Early on May 30, the Seoul Central District Court accepted Min Hee Jin’s request for an injunction to prohibit HYBE from exercising its voting rights regarding its removal from ADOR.

HYBE’s statement is as follows:

Our company respects the court’s decision regarding the lawsuit filed by CEO Min Hee Jin and will not exercise voting rights in favor of the “dismissal of internal director Min Hee Jin” at the next extraordinary shareholders meeting.

Furthermore, as the court was clear in the decision that “it is evident that Min Hee Jin sought ways to weaken HYBE’s control over ADOR and allow Min Hee Jin to control ADOR independently, whether by removing NewJeans from HYBE’s control or pressuring HYBE to sell ADOR” our company plans to continue with the next steps within the limits established by law.

Top right photo credits: Xportsnews

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