In response to HYBE’s recent allegations, ADOR, led by CEO Min Hee-jin, released a detailed statement on May 16th refuting claims made by HYBE regarding analyst A’s involvement in arranging meetings with foreign investors.
ADOR emphasized that no advice or opinions related to taking over management rights, such as capital increases or sales, were provided by analyst A. With HYBE owning an 80% stake in ADOR, ADOR clarified that such discussions were not feasible due to HYBE’s significant ownership.
Furthermore, ADOR disclosed the content of message conversations between CEO Min Hee-jin and analyst A, indicating that the consultations were related to shareholder agreements at the recommendation of HYBE’s CEO Park Ji-won.
Questioning HYBE’s intentions, ADOR suggested that HYBE’s continuous attacks on CEO Min Hee-jin reflect personal biases, stating, “Just say you don’t like Min Hee-jin.” ADOR expressed concern that HYBE’s primary goal appears to be discrediting and dismissing CEO Min Hee-jin, leading to broader attacks on individuals associated with her.
The ongoing dispute highlights growing tensions between HYBE and ADOR, underscoring broader issues in the entertainment industry and corporate governance.
