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“Such a relationship cannot be seen as merely friendly…”
![“Shaman Controversy” Deepens with HYBE’s Latest Allegations Against Min Hee Jin 3 hybe min shaman FI 1](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/hybe_min_shaman-FI-1.jpg?resize=900%2C439)
HYBE Labels has expanded on their allegations against ADOR CEO Min Hee Jin, who has been accused of consulting a shaman for company-related decisions. HYBE has criticized Min for apparently allowing the shaman to influence crucial business actions, including stock trading and personnel hiring.
![“Shaman Controversy” Deepens with HYBE’s Latest Allegations Against Min Hee Jin 5 min hee jin 1](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/min-hee-jin-1-5.jpg?resize=925%2C1388)
The corporation suggests that the shaman advised on acquiring management rights and influenced the hiring of a certain Mr. Park, whom Min Hee Jin later hired. This has prompted concerns over the transparency of the decision-making process and allegations of favoritism.
![“Shaman Controversy” Deepens with HYBE’s Latest Allegations Against Min Hee Jin 6 hybe builidng](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/hybe-builidng.jpg?resize=925%2C486)
Min Hee Jin tried to clarify the nature of her relationship with the shaman as personal during a press event, attributing it to a search for comfort during challenging times at the company.
“She is my friend. Can I not have a shaman friend? I had to get therapy because of HYBE. But if someone there listened to me — that was why I went to her.”
— Min Hee Jin
![“Shaman Controversy” Deepens with HYBE’s Latest Allegations Against Min Hee Jin 7 korean shaman](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/korean-shaman.jpg?resize=925%2C694)
However, HYBE rebuts Min’s statement, indicating the connection was more than trivial and involved disclosing valuable company data.
“It is not feasible to consider an external individual who intricately involves themselves in management as merely a friend. There has been an exchange of undisclosed information about executive stock options, potential investor names, and shareholder percentages within a management takeover structure based on the shaman’s suggestions. Such a relationship cannot be seen as merely friendly when it involves disclosing critical company information to an outsider and influencing decision-making, including receiving requests for job placements. The company views these actions very seriously.”
— HYBE
![“Shaman Controversy” Deepens with HYBE’s Latest Allegations Against Min Hee Jin 8 mhj korea herald](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/mhj-korea-herald-1.jpg?resize=925%2C587)
HYBE considers these developments as major violations of business ethics and governance, indicating that the company may take further steps regarding the matter.
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FAQ
- What are the new allegations that HYBE has made against Min Hee Jin?
HYBE alleges that Min Hee Jin disclosed critical company information to a shaman and allowed their advice to influence management decisions, such as executive stock options and personnel hiring. - How did Min Hee Jin respond to the controversy?
Min Hee Jin stated that her relationship with the shaman was based on friendship and personal curiosity, seeking advice and emotional support. - Has HYBE taken any formal actions yet?
While formal actions have not been detailed, HYBE’s statements suggest that they view the situation as a serious breach of corporate ethics and may consider further steps.
Conclusion
The situation between HYBE and Min Hee Jin continues to unfold as new details emerge about the involvement of a shaman in ADOR’s company decisions. As accusations and defenses are publicly traded, the focus now shifts to any formal actions that HYBE may take to address these claims. The outcome of these events may set precedents for corporate governance and the handling of private relationships within the industry. Stakeholders and observers alike await further developments with keen interest.