HYBE's leadership reshuffle: Min Hee-jin's replacement to be announced soon
HYBE Labels, in a significant corporate reshuffle, has identified potential successors to replace Min Hee-jin and the current executive board of ADOR. This information was disclosed by investment industry insiders earlier this week, as reported by Korean media. The leadership transition is scheduled to transpire after a shareholder's meeting on May 31. Lee Jae-sang, HYBE's chief security officer (CSO), is the leading candidate for ADOR's CEO position.
Potential board members and legal disputes
Other potential board members include Kim Joo-young, HYBE's chief human resources officer (CHRO) and Lee Kyung-joon, the company's chief financial officer (CFO). This development follows an extraordinary general meeting (EGM) at ADOR called by HYBE on April 25. The leadership transition is happening amid a legal dispute between HYBE and Min. Min has accused BELIFT LAB, a subsidiary of HYBE, of plagiarizing concepts from ADOR's NewJeans.
Legal battle and public feud amidst leadership transition
BELIFT LAB has denied Min's allegations and is pursuing legal action against her for defamation. Min made her accusations on April 25, claiming that BELIFT LAB copied NewJeans's musical concepts and fashion collaborations. This public feud has generated online debates with fans and social media users taking sides. Despite these internal conflicts, HYBE continues its operations with major releases planned.
HYBE continues operations amidst leadership and legal turmoil
The upcoming releases include BTS's RM's solo album Right Place, Wrong Person and NewJeans's two-track single How Sweet, both set to be released on Friday. The outcome of the shareholders' meeting and the court's decision on Min's injunction will significantly impact HYBE's future direction and its handling of internal disputes.
