This attachment is related to issues with the internal styling service fees at ADOR.
ADOR claims Min's management responsibility and is pursuing damages.
Min Hee-jin, former CEO of ADOR, has had her apartment in Yongsan, Seoul, subjected to a 500 million KRW attachment. The 21st Civil Division of the Seoul Western District Court granted this attachment on December 23, 2024, in response to a request from ADOR to restrict the disposal of the debtor's assets due to potential liabilities. This Yongsan apartment is separate from the attachment placed on a multi-family housing unit in Yeonnam-dong, Mapo-gu, that occurred earlier. Reports indicate that the root of this issue lies in mismanagement of styling service fees during Min's tenure, where it was discovered that the styling team's lead received service fees personally from external advertisers, leading the National Tax Service to impose additional taxes on approximately 700 million KRW, which it deemed should have been accounted as ADOR's revenue.
This situation highlights the financial issues that arose during Min Hee-jin's tenure at ADOR, emphasizing the need for stringent internal control systems within corporations. The mishandling of styling service fees reflects not only individual negligence but also poses broader questions about management accountability and transparency within the company. How ADOR navigates this attachment and its legal repercussions is likely to have significant implications for its operational integrity and brand trust moving forward.
This article is KOSTAR’s reinterpretation of a story originally reported by TVDaily.
Photo: TVDaily
