HYBE Responds to ADOR’s Claim that External Performance Compensation is Uncommon and Illegal

On May 10th, HYBE made an official statement regarding CEO Min Hee-jin, stating that her claims of highly capable ‘internal’ talents receiving performance compensation from ‘external’ sources were a ludicrous distortion and unjustified.

They argued, “If the company truly needs a flexible compensation system, it should be implemented and distributed legitimately as incentives. CEO Min, who previously brushed off allegations of trying to take control of management as mere ‘rumors’, is now shamelessly justifying illegal actions as ‘common practice’.”

HYBE reported on the discussions between the management of ADOR and their CEO Min, stating that it was apparent that CEO Min was aware of the issue in which the team leader takes personal advantage of the work done by the company’s employees.

The HR team at HYBE contacted ADOR in February of this year regarding the team leader’s incentive, which was calculated as 0 won. ADOR acknowledged this as “common practice”and claimed they were working to improve it. However, it was noted that no explanatory materials were submitted.

HYBE clarified that the audit conducted on May 9th was done in a cooperative manner. They further stated that the team leader willingly submitted the laptop that was kept at their residence.

HYBE reiterated their deep disappointment in CEO Min’s actions, which involved a senior-level employee who should have been kept confidential. They emphasized the importance of CEO Min acknowledging her errors and being more cautious in the future.