[theqoo] FORMER CEO MIN HEEJIN, YONGSAN-GU APARTMENT ALSO SEIZED... CREDITOR IS ADOR

The Sunday Newspaper has confirmed that a provisional attachment order for 500 million won (!338K USD) has been placed on an apartment in Yongsan-gu, Seoul, owned by former ADOR CEO Min Heejin. This property is distinct from the multi-unit residence in Yeonnam-dong, Mapo-gu, Seoul, which was provisionally attached on November 11, 2024.

The Sunday Newspaper confirmed that the 21st Civil Division of the Seoul Western District Court granted a provisional attachment order on December 23 last year, in response to a request filed by ADOR against former CEO Min Heejin for the provisional attachment of real estate worth 500 million won. A provisional attachment is a preservation measure aimed at securing money or claims that can be recovered by the creditor. The seized property is prohibited from being disposed of or used until the main lawsuit is concluded.

This provisional seizure relates to an incident where Ms. A, the head of ADOR's styling directing team who handled styling duties for NewJeans during former CEO Min Heejin's tenure, personally received styling service fees from an external advertiser. The National Tax Service determined that service fees worth approximately 700 million won (~474K USD) should have been recognized as ADOR's revenue and imposed additional taxes on ADOR. ADOR argued that former CEO Min was liable for compensating ADOR's damages, and the court accepted this claim.

Regarding this matter, the Sunday Newspaper attempted to contact former CEO Min Heejin on the 13th but was unable to reach her.

Previously, on November 27 last year, during the hearing at the Seoul Central District Court's Civil Agreement Division 31 concerning the lawsuit between HYBE and former CEO Min Heejin regarding confirmation of termination of the shareholders' agreement and the claim for payment of the stock transaction price related to the exercise of put options, the fact that the tax authorities had imposed additional taxes on ADOR in connection with this matter was mentioned.

This is not the first time former CEO Min Heejin has faced a provisional attachment of real estate. Previously, on November 11, 2024, a provisional attachment of 100 million won was placed on her residence in Mapo-gu by former ADOR employee B.

The Yongsan-gu residence subject to this attachment was purchased by former CEO Min Heejin on September 16, 2019, for 1.645 billion won. At the time, the maximum claim amount recorded in the real estate registry was 540 million won. It was confirmed that former CEO Min fully repaid the loan one year later, on November 26, 2020.

original post: here

1. This is what came out during the tax audit of HYBE?ㅋㅋㅋㅋㅋㅋ You never know what will happen to people

2. F*ckㅋㅋㅋㅋㅋㅋ Freaking funny. At this point, everything that Bunnies did went the other way

3. Instead of splurging 700 million won on a stylist with company money, you'd be better off playing golf. At least that's charged to the corporate card, so you'll have receipts. But spending 700 million won being embezzled? The National Tax Service would have to audit you to find thatㅋㅋㅋ...

4. CEO-nim, let's fight in the rink

5. Bunnies are in big trouble~

6. After all that shouting about HYBE's tax audit, ADOR gets slapped with a penalty tax, and their CEO's real estate gets seizedㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ The Bunnies are giving us another big laugh like this

7. Fightingㅋ

8. ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ Min Heejin, if you want to collect money aggressively from male idols, you'll have to hire comment trolls again. The psycho Bunnies should help her out

9. Obviously~~

10. Every time they do something, they smear poop on themselves, it's too funny

New post

✉ PC Stories