New Jeans 'Last Notice' refusedOdor "Can't Return to Representative" vs Min Hee-jin "Just a pun"

Sep 25, 2024

Odor rejected former CEO Min Hee-jin's request for reinstatement. As a result, former representative Min, who said it was nothing more than a pun, once again strongly asked for reinstatement, and in fact, their accompanying seems to have failed.

Audor announced on the 25th that it has decided to convene an extraordinary general meeting of shareholders to re-elect Min Hee-jin as an inside director at the board meeting today. Previously, the members of New Jeans demanded the reinstatement of former CEO Min Hee-jin and suggested the day as the deadline.

On the 11th, Odor proposed to Director Min Hee-jin to be in charge of producing New Jeans for the next five years. The five years are the entire period of the remaining contract with Newzins. Former representative Min, who attended the board meeting as an in-house director, reportedly expressed his intention to maintain his demand for the return of the representative but accept the re-election of the in-house director for a three-year term.

However, Odor said, `The board of directors discussed today's demand for the return of the CEO position as unacceptable at this time.'"As basic guarantees have been made regarding the status, duration and authority of the producer of Newzins, we expect to have discussions on specific conditions in the future.'

Then, former CEO Min's legal representative, Sejong, the law firm, decided to convene an extraordinary general meeting of shareholders this morning on the agenda of re-election of former CEO Min Hee-jin as an inside director. However, it is not known at this point whether former CEO Min Hee-jin will be reappointed as an in-house director because the appointment of an in-house director is decided by Hive, the majority shareholder. The board of directors said on the morning of September 11th that it has proposed to former CEO Min Hee-jin to take charge of producing New Gene's for the next five years. However, there was no sincere proposal at all, such as deleting numerous toxic provisions, such as the unilateral right to terminate the contract, only saying that it would extend the contract period. The expression "proposing a compromise" is nothing but a pun.

"We are wary that when only the term is extended due to the wrong contract, Newzins will not be guaranteed normal artist activities."In response, former CEO Min Hee-jin clearly stated his intention to return as CEO and requested specific contract details with the corresponding authenticity of Hive."

Meanwhile, the incident began when Adore appointed Kim Joo-young as the new CEO after dismissing CEO Min Hee-jin on August 27. In response, former CEO Min protested, saying, "Unilateral dismissal," and the members of Newzins also expressed their intention in an independent live broadcast unrelated to the agency, saying, "What we want is the original ad door that integrates management and production with former CEO Min Hee-jin representing."

However, in the end, Newzins' request was not accepted, and it seems virtually impossible to accompany Hive and former representative Min.

olzllovely@sportschosun.com

New Jeans 'Last Notice' refusedOdor "Can't Return to Representative" vs Min Hee-jin "Just a pun"

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