[theqoo] MIN HEEJIN "ILLIT, NEWJEANS PLAGIARISM... HYBE HATED AND LOOKED DOWN ON ADOR"

Former ADOR CEO Min Heejin expressed that she felt “HYBE looked down on us” regarding ILLIT's plagiarism allegations against the group NewJeans.

On the 27th, the Seoul Central District Court's Civil Agreement Division 31 (Presiding Judge Nam In-soo) held a hearing for two lawsuits: HYBE's lawsuit against former CEO Min seeking confirmation of termination of the shareholders' agreement, and former CEO Min's lawsuit against HYBE seeking payment for stock transactions related to the exercise of a put option. The court conducted additional direct examination of former CEO Min during the hearing.

Former CEO Min and HYBE are locked in a standoff, with key points of contention including the non-compete clause in the shareholders' agreement, allegations of HYBE forcing album sales, suspicions of copying by ILLIT, and issues surrounding former CEO Min's contact with investors.

Former CEO Min appeared as a witness once more, following her testimony in September, to express her position.

Former CEO Min has been embroiled in a management control dispute with HYBE, ADOR's parent company, since April last year. Subsequently, in August last year, HYBE held a board meeting to change the CEO and dismissed Min Heejin from her position as ADOR CEO. Regarding this process, former CEO Min's side claimed that ILLIT from the subsidiary label BELIFT LAB plagiarized NewJeans, and that she was retaliated against when she protested.

Min stated, “After ILLIT's debut teaser came out, I received calls from parents filled with doubt. They asked, ‘Why isn't our child there?’ That's how similar it was to NewJeans,” raising her voice. She added, “NewJeans was treated like a piece of luggage being moved around since they were transferred from Source Music.”

Regarding ILLIT's plagiarism of NewJeans, she stated, “I thought it was contemptuous towards us. I wondered how ridiculous we must have seemed for them to do that.”

HYBE terminated the shareholders' agreement last July, alleging that former CEO Min attempted to privatize NewJeans and ADOR, causing damage to the company and its subsidiary labels. Subsequently, former CEO Min was dismissed from her position as ADOR CEO in August of that year.

In November of that year, former CEO Min resigned from her position as an internal director at ADOR and notified HYBE of his intention to exercise a put option. HYBE argued that the termination of the shareholders' agreement in July rendered the exercise of the put option invalid.

Former CEO Min's side counters that there was no breach of the shareholders' agreement, rendering HYBE's termination notice invalid. They maintain that since the put option was exercised under those circumstances, the claim for payment remains valid.

original post: here

1. Again.....

2. So annoying, stop tormenting them

3. The kids were the worst in this

4. ILLIT's parents are so noble

5. She's so evil

6. She's trying to smear poop on ILLIT's comeback

7. I support ILLIT, please walk on the flower path~~~~

8. Stop tormenting ILLIT. What's with this evil spirit?

9. She's damn mean

10. ILLIT, fighting

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