Investigation Launched Against Min Hee-jin, Producer of NewJeans at HYBE

On the month of April, the entertainment industry announced that HYBE had initiated an investigation on Min Hee-jin, the CEO of ADOR, and executive A, along with others. It was revealed that representatives from the HYBE audit team arrived at ADOR’s offices in the morning to secure the company’s computer assets and conduct in-person interviews.

It has been discovered that these individuals were involved in an internal audit at HYBE for divulging confidential documents, including contracts, in an effort to attract investors. They were also discussing ways to convince HYBE to sell its ADOR shares. Currently, HYBE retains 80% of ADOR’s shares, while the remaining 20% is owned by ADOR’s management, led by CEO Min Hee-jin.

Specifically, it is known that executive A has used his authority to share confidential information from HYBE with ADOR. A, who has a background in accounting, previously held the role of IR in HYBE’s finance department before transitioning to ADOR earlier this year.

Additionally, executive A has been accused of sharing sensitive documents and trade secrets crucial for ADOR’s autonomy with the company since joining HYBE. He is referred to as “Min Hee-jin’s trusted associate”among the employees of ADOR.

HYBE intends to pursue legal measures as needed regarding the protected computer assets. The potential impact of the audit on the future actions of NewJeans is uncertain.

Despite starting out as a regular employee at SM Entertainment in 2002, Min Hee-jin quickly rose through the ranks, eventually becoming Creative Director and Executive Director before departing from the company. In 2019, she joined HYBE and was instrumental in establishing the company’s brand as Chief Brand Officer (CBO). In November 2021, she was appointed as the CEO of ADOR, a subsidiary agency under HYBE. In July 2022, Min Hee-jin’s production skills were acknowledged with the launch of NewJeans.

The source of the article is Naver, which can be accessed through the link provided here.