The successful injunction against HYBE’s attempt to oust Min Heejin as ADOR CEO has sparked fervent discussions among theqoo members. Celebrating the ruling that thwarted Min’s dismissal, members have expressed their disapproval of HYBE’s management practices and their anticipation of renewed scrutiny surrounding the plagiarism controversy involving NewJeans and ILLIT. This development is expected to have a significant impact on ADOR’s future and its relationship with HYBE.
Min Heejin’s Injunction Against HYBE: A Closer Look
Background
Min Heejin, the CEO of ADOR, a subsidiary of HYBE, filed an injunction against HYBE to prevent them from removing her from her position. HYBE had accused Min of breach of trust and other violations, and sought to dismiss her at a shareholders’ meeting scheduled for May 31, 2024.
Court Ruling
On May 30, 2024, the Seoul Central District Court ruled in favor of Min Heejin, granting the injunction and preventing HYBE from removing her as CEO. The court found that HYBE had not provided sufficient evidence to support their claims against Min, and that her actions did not constitute a breach of trust.
Implications of the Ruling
This ruling has significant implications for both Min Heejin and HYBE. It allows Min Heejin to retain her position as CEO of ADOR for the time being, and it casts doubt on HYBE’s allegations against her. The ruling could also have a broader impact on the relationship between HYBE and its subsidiary labels.
Debate over Min Heejin’s Actions
Min Heejin raised concerns about alleged mistreatment of the idol group NewJeans and manipulation of album sales figures at HYBE. The court acknowledged that Min’s actions may have been necessary to protect ADOR’s interests and did not constitute a breach of trust. Meanwhile, the court’s decision notes that while Min’s actions may not technically be a breach of trust, they do represent a betrayal of HYBE.
NewJeans Plagiarism Controversy
Min Heejin publicly accused the idol group ILLIT of plagiarizing NewJeans’ concept, choreography, and outfits for their debut. The court partially supported Min’s claims, recognizing similarities between ILLIT’s debut and NewJeans’ work. This has reignited the debate over NewJeans’ originality and could negatively impact ILLIT.
Potential Breach of Min Heejin’s Shareholder Agreement
The shareholder agreement between Min Heejin and HYBE requires HYBE to vote in favor of Min remaining CEO and director for five years. HYBE has filed a lawsuit against Min, alleging that she breached the agreement. If the court finds in favor of HYBE, Min could lose her right to exercise her put option and be forced to sell her shares to HYBE.
Online Community theqoo Celebrates Min Heejin’s Injunction Against HYBE
News of the court’s injunction against HYBE’s attempt to remove Min Heejin as CEO of ADOR was met with a celebratory atmosphere on the Korean online community theqoo.
Members of theqoo, who had previously faced criticism for blindly supporting Min Heejin, were elated by the ruling. This decision provided legal validation for their stance and served as a vindication of their beliefs.
In particular, theqoo expressed delight over the court’s acknowledgment that Min’s actions did not constitute a breach of trust and that HYBE’s allegations against her were not sufficiently substantiated. This recognition of their claims fueled brought a sense of relief and validation to the theqoo community.
Additionally, theqoo members showed keen interest in the court’s acknowledgment of potential issues at HYBE, such as the alleged mistreatment of the idol group NewJeans and manipulation of album sales figures. This revelation seemed to bolster further fuel their support for Min Heejin and her efforts to bring transparency to ADOR’s operations.
The overall sentiment on theqoo was one of triumph and vindication., as the community felt that their support for Min Heejin had been validated by the court’s ruling. This development has undoubtedly strengthened the bond between theqoo members’ stance and their support for Min Hee-jin and ADOR.
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