ADOR shareholders' meeting retains CEO Min, appoints 3 new board members from Hybe


K-pop giant Hybe made a significant move by appointing three of its executives to the board of its sublabel ADOR, which houses the popular girl group NewJeans. This decision came amidst an ongoing conflict between the two companies regarding ADOR's management rights. Despite Hybe's efforts to remove ADOR CEO Min Hee-jin during a shareholder meeting, she retained her position following a court decision granting an injunction against Hybe's voting rights. The three new board members from Hybe replaced Min's close aides, solidifying Hybe's control over the board. The new board structure aims to bring stability to ADOR and provide support to NewJeans, who recently made a comeback in the music scene. However, concerns linger about potential clashes between CEO Min and other Hybe board members on crucial matters requiring board approval. The conflict escalated when Hybe accused Min of plotting to take over her company and separate from Hybe with NewJeans, leading to legal actions and a court ruling acknowledging Min's intent for independent control of ADOR. This development signifies a significant power shift within ADOR and raises questions about the future dynamics between Hybe and Min.


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