Seoul court upholds Min Hee-jin's injunction against HYBE
What's the story
Min Hee-jin, CEO of ADOR, has successfully secured an injunction against entertainment giant HYBE.
The 50th Civil Affairs Division of the Seoul Central District Court delivered this ruling on Thursday.
This decision safeguards Min's position as ADOR CEO for the time being.
Consequently, HYBE is barred from using its voting rights to dismiss Min in the forthcoming shareholders meeting scheduled for Friday.
The leadership tussle is happening amid Bang Si-hyuk's label's allegations of stock trading misconduct by ADOR executives.
Shareholder rights
HYBE's dismissal plans thwarted by court ruling
Had the injunction not been granted, HYBE, possessing 80% shareholder rights, could have compelled Min to resign from her role at ADOR.
Reports suggest that HYBE had planned Min's dismissal for the upcoming shareholders meeting and had even nominated a new board of directors for ADOR.
This change would have likely imposed significant management constraints on Min.
Netizens' response
Public reaction to Min's legal triumph over HYBE
The court's decision has been met with relief from netizens.
One commenter expressed, "I'm so relieved. Please stay with NewJeans for 100 years," while another stated, "HYBE was attacking her without any evidence."
A third netizen pointed out that "Those who said she had no chance of winning didn't know what they were talking about. Min Hee Jin didn't win because of emotions. She won because of her contract."