After both sides of the HYBE/ADOR dispute have revealed their sides to the public recently, ADOR CEO Min Hee Jin gave an interview in which she denies seeking independence from HYBE, claims the audit and reports in the media are all retaliatory in nature, and questions the timing of the conflict leaking to the press.
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Speaking on wanting management rights of ADOR, she dismisses those claims, saying that it would be impractical anyway.
“I have never met with any investors to seize HYBE’s management rights (in ADOR). I have never tried to steal executive rights like HYBE claims. How can I do that with my 18% equity (in ADOR)? Because HYBE has 80% equity, it is impossible for me to seize the management rights. It is also impossible for ADOR to leave HYBE without their consent. It is hard to understand why HYBE is claiming the impossible.”
In fact, she says the only reason this is being brought out is that she raised the ILLIT/NewJeans plagiarism issue internally, and questioned the timing of this conflict coming out.
“It is because I brought up internal issues a month ago. Once I brought up several issues that came to light after ILLIT…
