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HYBE Initiates Audit and Demands Resignation of ADOR CEO Min Hee-Jin Amidst Allegations of Power Grab

The South Korean entertainment giant HYBE is investigating its subsidiary label ADOR, accusing CEO Min Hee-Jin of attempting to seize control, amidst a backdrop of allegations of copying and internal strife.

Overview

  • HYBE has launched an audit into ADOR, its subsidiary responsible for the K-pop act NewJeans, citing concerns that CEO Min Hee-Jin is trying to take control of the agency.
  • Min Hee-Jin refutes the allegations, describing them as 'absurd' and a response to her criticisms of another HYBE label, Belift, for copying NewJeans.
  • Despite the ongoing dispute, NewJeans is set to continue with their scheduled music releases, including a new single and a world tour.
  • Stock prices for HYBE have fallen significantly following the announcement of the audit and the public feud.
  • The conflict has sparked widespread media coverage and discussions, highlighting issues of corporate governance and cultural authenticity within the K-pop industry.