She defended the legality of her exercised put option against HYBE's termination claims.
This lawsuit sparks significant discussions about the importance of transparency in the entertainment industry.
Former Adore CEO Min Hee-jin was visibly emotional during the court proceedings held on November 27 at the Seoul Central District Court. The session addressed a lawsuit filed by HYBE against Min and two others regarding the confirmation of a shareholder agreement termination. Min's team argued that they legally exercised their put option and that HYBE is obligated to pay the agreed compensation. Conversely, HYBE claimed that the trust had been violated, leading to the termination of the shareholder agreement and the expiration of the put option rights. The courtroom witnessed intense exchanges as Min denied the allegations regarding her attempts to separate Adore and NewJeans, asserting that she had not been properly notified of her dismissal and explaining her reasons for rejecting a producing offer amidst internal pressures. She expressed deep frustration over her unjust termination despite her transparent management style.
Min Hee-jin's statements in court shed light on her emotional distress and highlight systemic issues within the Korean entertainment industry. The regular mention of Adore and NewJeans' success underscores the tension between traditional management practices and a growing demand for individual creativity. The call for transparent and accountable management, as voiced by Min, is poised to influence how entertainment agencies operate in the future. This case brings attention to the potential necessity for changes in the industry, especially in terms of respecting creative input.
This article is KOSTAR’s reinterpretation of a story originally reported by TVDaily.
Photo: DB
