Min Hee-jin's side "Surprise contact with the board of directors → No prior consultation on the production of New Jin's..."Hive Shareholder Violation of Contracts"

Aug 27, 2024

 Min Hee-jin's side 'Surprise contact with the board of directors → No prior consultation on the production of New Jin's...'Hive Shareholder Violation of Contracts'
Adore Min Hee-jin, the head of the group Newzins, held an emergency press conference at Maehwa Hall at the Press Center in Seoul on the 31st. CEO Min Hee-jin answering questions. Reporter Huh Sang-wook @sportschosun.com/2024.05.31/
Min Hee-jin, former CEO of Door, appealed for unfairness over the dismissal of the board of directors.

On the 27th, former CEO Min Hee-jin's legal representative, Sejong, said through Sports Chosun that "I was contacted by surprise on the 24th that I was holding a board meeting due to the change of the CEO and participated by wire today (27th)."

The decision was made regardless of the intention of former representative Min Hee-jin. (Dismissal of Dorr's CEO position) itself is a violation of the contract between shareholdersIt was not agreed in advance that he would continue producing Newzins after the dismissal of the CEO of Audor. It was a one-sided notice" he complained.

Earlier in the afternoon, Odor shocked the company by announcing that it had dismissed Min Hee-jin from his position as CEO and appointed Kim Joo-young as its new CEO.

Regarding new CEO Kim Joo-young, he said, `As an HR expert with experience in various industries, he will take on the role of stabilizing the organization and internal maintenance of the company.' About former CEO Min Hee-jin, he will step down as CEO, but will maintain his position as an inside director. You will also be in charge of producing Newzins.

In addition, regarding changes in the adore organization "The adore internal organization will also separate production and management. This was the principle of multi-label operation that had been consistently applied to all other labels, but only Adore has been in charge of both production and management"With this personnel appointment and organizational overhaul, Adore plans to spare support for the growth and greater success of Newgens."





soulhn1220@sportschosun.com