During a court proceeding on May 17th at the Seoul Central District Court’s Civil Division 50, a dispute unfolded between ADOR’s CEO Min Hee-jin and HYBE, a predominant player in the Korean entertainment industry. The issue at hand was an “injection to prohibit the exercise of voting rights” which brought to light an unexpected player—a shaman referred to as “Jiyoungnim 0814” whose counsel was purportedly used by CEO Min for business decisions, thus becoming a controversial aspect of her dismissal by HYBE.
Born in 1973, the female shaman known as “Jiyoungnim 0814” and an associate of CEO Min runs a temple in Gangnam-gu’s Yeoksam-dong, Seoul. Communications between the two were brought to light by TV Daily, which reviewed and analyzed their text message exchanges.
The timeline of the controversy is telling; CEO Min received advice from the shaman on March 24th, 2021, suggesting the ability to gain control over a company within three years, echoing the strategies of corporate acquisitions. This forecast seems to align with the recent upheaval between CEO Min and HYBE that surfaced in April.
Relative to these predictions, CEO Min’s ambitions trace back to three years prior, when she commenced her journey with HYBE in April 2021 as CBO, with aspirations to launch her own label by April 2024.
Moreover, “Jiyoungnim 0814” was reportedly involved in more than advisory capacity; CEO Min, via the shaman, believed in the ability to commune with her late younger sister and it’s reported that the shaman, while channeling the sister, requested—and was apparently given—a job at the company, although the individual left for another opportunity during the last interview round.
CEO Min’s conversations with the shaman covered a range of topics including ADOR’s management issues and even compensation matters, where the shaman advised her to negotiate for higher pay than what HYBE was willing to offer.
The unearthed messages disclose CEO Min’s veiled objectives that include orchestrating a takeover of the company and the acquisition of a girl group, referred to as NewJeans in the disclosed texts.
Ostensibly, while CEOs are at liberty to seek guidance from a variety of sources, the direct influence of a shaman’s personal convictions in the operations of a prominent company like HYBE is certainly noteworthy, stirring a debate over the business practices within this influential K-pop entity’s operations.
Who really holds the reins at ADOR? Is it HYBE, owner of the majority 80% of its shares, or is it the enigmatic “Jiyoungnim 0814”, a spiritual consultant with an alleged sway over CEO Min’s decisions?
FAQs on “Jiyoungnim 0814” and Min Hee-jin’s Company Takeover Ambitions
- Who is “Jiyoungnim 0814”?
- “Jiyoungnim 0814” is a shaman and an acquaintance of ADOR’s CEO Min Hee-jin, born in 1973 and operating a temple in Seoul’s Yeoksam-dong.
- What influence does “Jiyoungnim 0814” have on Min Hee-jin?
- The shaman is alleged to have influenced Min Hee-jin’s plans to take control over a company and her strategic business decisions while serving as CEO at ADOR.
- What was the nature of messages exchanged between Min Hee-jin and “Jiyoungnim 0814”?
- Text messages apparently show the shaman advising on business strategies, discussing company management, and even personnel hiring for ADOR.
- Is it common for CEOs to seek advice from shamans in business?
- While it may not be standard corporate practice, individuals, including CEOs, might privately consult a wide variety of advisors, including spiritual or religious guides. However, their direct influence over corporate decisions is not typically publicized or taken lightly.
- What is the current situation between HYBE and Min Hee-jin?
- The current situation is a legal dispute regarding an injunction to prohibit Min Hee-jin from exercising her voting rights, amidst allegations of her involvement with a shaman in company operations.
Conclusion
The revelation of “Jiyoungnim 0814″’s role within CEO Min Hee-jin’s business strategies has stirred a notable controversy in the corporate governance of ADOR. It highlights an unexpected dynamic where private beliefs intersect with executive decisions in a major K-pop industry entity. As the story unfolds, concerns regarding the legitimacy of these spiritual consultations in business settings and their implications for corporate oversight remain a topic of intense scrutiny and debate.