Following the incident, Min Hee Jin has been requested to leave her position.
![HYBE’s Sublabel Ador’s CEO Min Hee Jin Allegedly Tried to Part Ways with the Company 3 fi 925 1](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/fi-925-1.jpg?resize=900%2C439)
There are allegations against Ador, a subsidiary of HYBE, for purportedly attempting to sever ties with the parent company HYBE.
![HYBE’s Sublabel Ador’s CEO Min Hee Jin Allegedly Tried to Part Ways with the Company 5 MinHeeJin](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/MinHeeJin-1.jpg?resize=925%2C587)
HYBE called for the resignation of Ador’s CEO, Min Hee Jin, on April 22, the same day it was revealed that there was evidence of her trying to take Ador out of HYBE.
HYBE Allegedly Seeks Resignation of Ador’s CEO Min Hee Jin Due to Leadership Conflict
Holding an 80% stake in Ador, HYBE is its majority stakeholder while Min Hee Jin and the executive team of Ador possess the remaining 20%.
To resolve the matter, HYBE has ordered a formal shareholders meeting to hold Min Hee Jin and the other executives accountable for their alleged attempt to detach Ador from the conglomerate.
Further details are expected to be released.
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FAQ Section:
What is the relationship between Ador and HYBE?
Ador is a subsidiary of HYBE, with HYBE owning 80% of the label and the remaining 20% owned by CEO Min Hee Jin and Ador’s board of executives.
Why has HYBE asked Min Hee Jin to step down?
Following evidence that Min Hee Jin had attempted for Ador to leave HYBE, the parent company has requested Min Hee Jin’s resignation.
Has Min Hee Jin stepped down from Ador?
As of the last reports, HYBE demanded an official shareholder meeting to manage the situation, and it is unclear whether Min Hee Jin has officially stepped down.
What consequences may arise from Min Hee Jin attempting to separate Ador from HYBE?
If the allegations are proven true, Min Hee Jin and the label’s executives could face removal from their positions and potential legal consequences.
Will there be further updates on the situation?
Yes, additional information is expected to be disclosed following the shareholder meeting.
Conclusion:
The recent developments at Ador have caused a significant stir within the corporate structure of HYBE. With allegations of an attempted separation from HYBE, the future of Ador’s leadership and its relationship with the parent company remain uncertain. The requested departure of Min Hee Jin, Ador’s CEO, marks a potential turning point for both the label and her career. Stakeholders and fans alike are keeping a close eye on the unfolding situation, as the K-Pop industry is known for its frequent and impactful shifts in dynamics. As the scenario evolves, further updates are anticipated.