Min Hee-jin "Newzins Production 2 Months Short, Can't Sign the Work Exclusion Toxin Clause at Any Time"
Aug 30, 2024
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On the 30th, Min Hee-jin claimed, `On the 27th, the board of directors of Audor said former CEO Min Hee-jin will continue to take charge of producing Newzins, but this is a one-sided media play that has nothing to do with his intention.'
Regarding the contract titled 「Deputy Contract」, which was sent by Chairman of the Board of Directors, Kim Joo-young to former CEO Min Hee-jin, he argued that "It is a two-month very short-term production contract, and it is full of toxic provisions that can be unilaterally terminated by the Board of Directors (Hive)."
Min Hee-jin said, `From August 27, 2024 to November 1, 2024, the total period is only 2 months and 6 days.'"Newzins successfully finished its fan meeting at Tokyo Dome in Japan in June, and plans a world tour in 2025, and it is surprising to think that they can complete the production of an idol group preparing for the world tour in two months." With this, Hive's nominated directors of Audor are proving themselves to lack of understanding of their core tasks."
In addition, the delegation contract is full of toxic provisions that allow the contract to be terminated by Adore's unilateral will. Even the two-month contract period can be shortened at Adore's discretion," he added.
The contract stipulates that Adore can immediately terminate the contract if it is deemed that former CEO Min Hee-jin's ability to perform his duties is significantly insufficient, and there is no provision for any objective basis or standard.
Min Hee-jin said "Even if the CEO of Audor determined it according to the needs of Audor, it is stipulated as the reason for the immediate termination of the contract, which opened the way for exclusion from the relevant business at any time and for any reason."
Finally, the Board of Directors has demanded that such an unreasonable contract be signed by the 30th of today. However, Min Hee-jin, the former CEO, concluded that it was impossible to sign, and at the same time, said, "I convey my position in preparation for another distorted article to be reported."
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Hello.
Audor's board of directors will reveal its position on the unfairness of the production work-related delegation contract sent to former CEO Min Hee-jin and misrepresented in the media.
On August 27, the Board of Directors of Audor told the press that former CEO Min Hee-jin will continue to take charge of producing Newzins.
However, this is a one-sided media play that has nothing to do with former CEO Min Hee-jin's intention and has not agreed to any of the reports.
Then, on August 28, the chairman of the Board of Directors, Kim Joo-young, sent a contract to former CEO Min Hee-jin titled 'Delegation Agreement'.
There are many things that are difficult to understand in common sense because the content is unilateral and unreasonable to suggest that the production work revealed through the media be in charge.
◇ a two-month, ultra-short production contract
The contract period stated in the business delegation contract is from August 27, 2024 to November 1, 2024, and the total period is only 2 months and 6 days.
Newzins successfully finished its fan meeting at Tokyo Dome in Japan in June, and is planning a world tour in 2025. It's amazing to think that I can complete the production of an idol group preparing for the world tour in two months. With this, Hive's nominated directors are proving themselves to lack of understanding of core tasks.
Looking at the unconventional contract period alone, it seems clear that the argument made by the Board of Adore that 'all decisions are best decisions for Newzins' was a fiction and a media play.
◇ Unilateral termination of contract by the Board of Directors (Hive) is possible at any time
The business delegation contract is full of toxic provisions that can be terminated by Adore's unilateral intention.
Even the two-month contract period can be shortened at the whim of Adore (in practice, Hive).
The contract stipulates that Adore can immediately terminate the contract if it is deemed that former CEO Min Hee-jin's ability to perform his duties is significantly insufficient. There is no provision for any objective basis or standard.
Even if it is difficult to maintain the contract due to Adore's management circumstances or determined by Adore's CEO according to the needs of Adore, it is stipulated as a reason for immediate termination of the contract. This means that Adore (in substance, Hive) can terminate the contract at will at any time. It is a trick that has opened the way for exclusion from the job at any time and for any reason.
It is also filled with unreasonable provisions, such as the contradiction that it is possible to terminate the contract if it is deemed that the management performance is remarkably poor even though it is a producer, and that the competition prohibition period is 6 times even though the contract period is 2 months.
It is undeniable that Audor and Newzins achieved unprecedented achievements in recognition of their originality and differentiation under the leadership of former CEO Min Hee-jin.
Nevertheless, the act of sending such an uncommon-sense contract raises doubts about whether Hive wants to continue producing New Jeans to former CEO Min Hee-jin. This can only be considered as an act of intentionally trying to `induce' rejection of the producer contract and use it as a paving the way for another media play.
The board of directors has been demanding that such an unreasonable contract be signed by the 30th of today. However, former CEO Min Hee-jin believes it is impossible to sign and at the same time expresses his position in preparation for another distorted article to be reported.
lyn@sportschosun.com
