Min Hee-jin and New Jin's want to return to 'Representational'In-house Director'Re-election, will they be satisfied

Oct 18, 2024

민희진. Sports Chosun DB

Former CEO Min Hee-jin and his group Newzins are hoping for Min's return to representative, and Min has been re-elected as an in-house director.

Audor held an extraordinary shareholders' meeting on the 17th and passed the bill to re-elect former CEO Min as an in-house director. It is known that there was no other agenda at the extraordinary shareholders' meeting on this day. Former CEO Min's term as a new executive director will be three years from the 2nd of next month.

Former CEO Min, dubbed `Newzins Mom', has been in conflict with Audor parent company Hive since April. Hive attempted to change the management by claiming former CEO Min's 'take over management rights' and 'betrayal', but Min retained his position as CEO, citing the court's request for a provisional injunction to ban the exercise of voting rights on Min's dismissal agenda in May.

However, in September, the board of directors appointed Kim Joo-young, the inside director of A-Door, as the new CEO. In response, former representative Min, who came down from the head's position, expressed his position that it was sudden and argued that it was an illegal decision contrary to the previous court's judgment.

However, Audor said that the personnel management was legally handled, and that former CEO Min will step down from his position as CEO, but he will also take charge of producing Newzins while maintaining his position as an in-house director. Like other labels in Hive, it aims to separate 'Management' and 'Production'.

Newzins members who hosted the emergency live broadcast.

In response, the members of Newzins, who have continued to support Min, held an emergency live broadcast in the same month, saying they were treated unfairly by the current management of Hive and Adore, and insisted on Min's return to the post of Adore. Since then, former representative Min has also filed a provisional injunction requesting the re-election of the representative, saying the personnel decision was unfair.

Newzins Hani (left) and Kim Joo-young, representative of Odor, who attended the parliamentary audit of the National Assembly's Economic, Social and Labor Committee on the 15th. Captures live footage of the parliamentary audit

On top of that, New Jin's Hani appeared as a reference at the parliamentary audit of the National Assembly on the 15th, was told to ignore by other label managers in Hive, and claimed to be an "outcast in the workplace" by saying that he did not receive a greeting from Hive Chairman Bang Si-hyuk.

On the other hand, CEO Kim Airdo, who appeared as a witness on the day, said, `I believe all the arguments, but internally, even if I try to find data to prove it, the arguments are mixed.' However, Hani insisted "I'm sorry, but I don't think I did my best."I'm sure Hive hates us."

On the same day, former CEO Min's interview was also reported through Japanese TV Asahi and ANN news program Press Station. Former CEO Min said "Now he is neither a producer nor a CEO" and "I'm talking with the members and actually working, but I'm floating about the next step. I want to get this situation sorted out as soon as possible," said Bada, expressing her distress.

Two days later, on the 17th, former CEO Min will be re-elected as an in-house director of Audor and will return as a full-fledged director from next month. However, he is in a situation where he insists on 'representative' not 'in-house director'. Former CEO Min also wondered in an interview on the 15th, saying, `It is contradictory to propose a producer even though you have charged me with breach of trust,' adding, `Can you propose a producer again while thinking that you are guilty.'

In addition, the reason for continuing to demand the CEO position was that when he was at SM Entertainment, he was in charge of production, so there were various dilemmas as a creator. Production, investment, or management must also move in order to follow the plan set up to achieve the goal. The value of efficiency varies depending on how you spend and reduce costs.'

The board of directors seems to have re-elected former CEO Min as an in-house director, considering the members and former CEO Min's claims. However, attention is being paid to what changes will happen to Adore and Newzins' future moves when former CEO Min becomes an in-house director rather than a representative. In addition, with former CEO Min, who is close to the members, coming up as an in-house director, attention is also being paid to how it will affect CEO Kim A-door, who is already not trusted by the members.