Min Hee-jin won Hive "New Jin's global artist growth, support with full capacity"
Oct 30, 2024
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On the 29th, the 50th Division of Civil Agreement (Chief Judge Kim Sang-hoon) of the Seoul Central District Court rejected a provisional injunction filed against Hive by Min Hee-jin, former CEO of Airdor, asking him to be reappointed as Airdor's CEO.
'Disclaimer' is a disposition that rejects the lawsuit itself without the need to make a judgment. Former CEO Min has raised suspicions about Eilet's plagiarism of Newgins and Hive's denigration of Newgins, arguing that it would be difficult for Newgins to continue its activities unless he takes over as CEO of Airdor. However, the court did not accept these claims at all.
Since then, Hive CEO Lee Jae-sang has sent a message to executives and employees. He said "The turmoil that has been going on for the past seven months or so has reached a turning point, and the direction in which various issues will be sorted out has become clearer. The company wants to get back to normalization quickly."
We hope that meaningful progress will be made in a short period of time in renewing (former CEO Min's) contract with the producer, which is the most important. There will be a lot of difficulties along the way, but as has been stated many times, the company remains committed to supporting Newzins to become a more global artist."
CEO Lee Jae-sang said, `It was an opportunity to realize once again that Hive has a lot of work to do to become a better company and to continue to improve the environment of the music industry. We will make sure to solve the various problems exposed during this dispute one by one, even if it takes time. We are also considering personnel reform, and the target and scope of this will be judged in consideration of the stability of the company's operation."
In addition, "We want to fix the things we need to improve, but we want to hold them accountable for holding them accountable. This is necessary even to grow K-pop, which people around the world like, in a more advanced and transparent industrial ecosystem. It is also because, as I have said many times, I am convinced that being faithful to the principles is the best thing to do," he stressed.
Meanwhile, regarding the ruling, former representative Min decided that even if Hive orders the directors to execute their duties, there is no interest in the lawsuit because the directors are not obligated to follow it. The provisional disposition was only dismissed for legal reasons related to the effectiveness of the ProCure clause, and the effect of the inter-shareholder contract was not denied. The shareholder agreement signed by Hive and former CEO Min Hee-jin is still in effect."
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