This article is part of our coverage of HYBE vs. ADOR CEO Min Hee Jin. You can read more and view the entire timeline here.
On September 26, KST, a day after turning down ADOR’s compromise proposal for a partial return, Min Hee Jin claimed that her dismissal from ADOR’s CEO post was unfair and that HYBE had offered her money to leave.
In an interview with JoongAng Ilbo on this day, the former CEO was asked about the speculations that her conflict with HYBE was mainly due to a ₩100 billion KRW (about $75.0 million USD) stock option. In response, she revealed that HYBE actually wanted to pay her to leave, but she turned it down because money wasn’t the goal.
After winning the injunction in May, HYBE came to me with a negotiation proposal saying, ‘We’ll give you money. Take it and leave.’ But I rejected it because money was not my objective.
— Min Hee Jin
Min also claimed that her expulsion from the ADOR CEO post was a “public execution” of a subsidiary company’s executive for “openly disobeying” the parent company’s wishes.
HYBE immediately released a statement denying Min’s claims. They stated that they had never offered Min Hee Jin money to leave the company and that her dismissal was a fair decision taken only after an internal audit. The audit itself was launched through reliable evidence and didn’t overstep legal boundaries, as she suggested.
Meanwhile, Min Hee Jin recently turned down an offer from ADOR to return as a board member, stating that it was an unreliable proposal. Read more about it here.
