Min Hee Jin’s Resignation Becomes Hot Topic In Korea
On November 20, 2024, Min Hee Jin announced her resignation from ADOR and HYBE. She will no longer be serving as their internal director.
I am resigning from my position as ADOR’s internal director today. I will also terminate my shareholder agreement and hold HYBE responsible for the violation of the agreement.
I will also take legal action against the many illegal acts committed by HYBE and its executives.
Even amid the conflict with HYBE, which started with HYBE’s illegal audit in April, which has continued for over seven months, I have done everything in my power to keep the shareholder agreement and bring ADOR back to its original state.
However, HYBE has not admitted to its wrongdoings and has shown no effort to change, so I have decided that further efforts would be a waste of time.
— Min Hee Jin
Min Hee Jin also filed a claim to exercise her put options. If she cashes them in, she will be able to receive around ₩25.8 billion KRW (about $18.5 million USD) through the put options. Min Hee Jin owns 18% of ADOR’s shares. The claim is yet to be approved by the court.
Netizens are rooting for Min Hee Jin’s new start. They hope that she can claim all the financial gains that she can from the company before leaving.
- She will definitely win the claim.
- Hwaiting, get all the money you can and leave.
- Hwaiting.
- Hwaiting, Hwaiting.
- That’s right, get your bag. Hwaiting.
- Squeeze them dry!
- Congrats on your resignation. Let’s take the money and leave.
- She earned them so much money, of course she has to get this.
- Reporter Jiye, of course they have to give it to her.
- Hope she gets her bag and quits.
You can read her full resignation letter below.
