nme.com
31.05.2024 / 07:03
Min Hee-jin retains role as ADOR CEO, two of her “close aides” dismissed from board
ADOR follow a shareholders meeting, amid a prolonged feud with HYBE.Today (May 31), the board of ADOR, which is a subsidiary of entertainment giant HYBE, held its scheduled extraordinary shareholders meeting, during which it was decided that Min Hee-jin would continue on as the CEO of the K-pop agency, per Yonhap News Agency and Korea JoongAng Daily.Notably, the shareholders meeting takes place just a day after a Seoul court ruled in favour of an injunction filed by Min that prevented HYBE from exercising its voting rights to dismiss her. HYBE owns 80 per cent of ADOR, with Min Hee-jin holding a 18 per cent stake.However, according to Yonhap‘s report, two of Min’s “close aides” on the board, only identified by the publication as Shin and Kim, were dismissed and replaced by three C-suite executives officials from HYBE.