The 2nd fight between Bang Si Hyuk and Min Heejin… The reason why HYBE’s labels sue Min Heejin
Labels under HYBE, led by Chairman Bang Si Hyuk, filed a lawsuit against ADOR CEO Min Heejin one after another. CEO Min proposed reconciliation with Chairman Bang in a press conference right after ADOR’s shareholders’ meeting at the end of May, but because Source Music, after Belift Lab, also filed a lawsuit against Min Heejin, attention is focused on on the intentions of Chairman Bang.
Despite good news such as the successful Japanese debut of artists such as NewJeans, TXT and BoyNextDoor, HYBE’s stock price still recorded its lowest price of the year due to the dispute with CEO Min
Source Music and Belift Lab believe that filing a lawsuit is an inevitable decision to protect their artists, but considering the court decisions and various situations presented so far, the percentage of winning the lawsuit is is not high. Accordingly, the reason they sued was not to protect their artists but to remove CEO Min.
In fact, it has been confirmed that the contract between CEO Min and HYBE shareholders stipulates that ‘the creditor (CEO Min) shall not cause damage to other labels intentionally or through gross negligence’ . In other words, if the court accepts Source Music and Belift Lab’s claim that they suffered damages due to CEO Min’s intention and gross negligence, HYBE would have good cause to fire CEO Min.
If one of the series of lawsuits comes to a favorable conclusion, HYBE will be able to fire CEO Min without spending a dime, even if they can’t prove ‘conspiracy to usurp management’.
1. I only hope Min Heejin doesn’t feel tired…
2. HYBE is disgusting. Isn’t Bang Si Hyuk the mastermind?
3. He tries his best to kick a talented woman out without giving her money
4. Don’t bother them anymore (((Min Heejin, NewJeans)))
5. Are they doing this to kick her out without giving her money?
6. F*ck HYBE
7. Damn HYBE. Their main customers are women and they are doing everything they can to eliminate female executives
8. Min Heejin fighting
9. Are they gangsters?
10. This is why I can’t like any HYBE idols other than NewJeans. They are trying to get the only female CEO fired by accusing her of breach of trust
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