A Seoul court on Thursday granted an injunction filed by CEO Min Hee-jin of ADOR, an affiliate of K-pop powerhouse Hybe, which is behind the girl group NewJeans, to stop Hybe from dismissing her as the sublabel’s head.
The decision by the Seoul Central District Court came a day ahead of an ADOR shareholders’ meeting, where Hybe was expected to replace Min Hee-jin as CEO over a suspected breach of trust.
Hybe, which holds 80 percent of ADOR shares, launched a surprise audit into Min and subsequently filed a breach of trust complaint against her late last month, accusing her of plotting to usurp control of ADOR and take NewJeans with her.
Min has flatly denied the allegations and sought a court injunction to prevent Hybe from exercising its voting rights to dismiss her as ADOR CEO during the upcoming shareholders’ session.
Min cited the protection of ADOR artists and its corporate value as reasons for seeking the injunction.
Source: Yonhap News Agency