[Featured Stock] "Suck Up and Kick Out" Min Heejin's Revelation Causes HYBE to Plummet Below 200,000 Won

First Intraday Drop Below 200,000 Won Since March 25
Previous Day Min Hee-jin Press Conference "HYBE Betrayed Me"
HYBE Reported to Police by Min Hee-jin on Charges of Breach of Trust

Hive's stock price fell below 200,000 won during trading. The ongoing decline is due to the 'Adore management takeover suspicion' escalating into a mudslinging battle. In particular, it seems to be influenced by Adore CEO Min Hee-jin's expos? press conference and Hive's counter-complaint.

As of 9:31 AM on the 26th, Hive was trading at 199,900 won, down 5.71% (12,100 won) from the previous day. This is the first time since March 25 that Hive's stock price has fallen below 200,000 won during trading.

The previous day, Min Hee-jin, CEO of Adore, a subsidiary label (record planning company) of Hive, held an emergency press conference and claimed, "I did not betray Hive; Hive betrayed me. They exploited me as much as they could and framed me to suppress me." She denied Hive's claim that she attempted a management takeover. Throughout the press conference, Min raised her voice, mixing in profanity and insults. Regarding the controversial management takeover documents, she described them as "a worker's grumble," "idle talk," and "a muttered comment after a fight with a spouse." The main point was that she "never planned, intended, or executed a management takeover."

Additionally, Min claimed that Chairman Bang proposed creating Hive's first girl group, which she accepted, but contrary to the promise, the first girl group was launched by Source Music under Hive. Min argued that this was actually to check NewJeans. She said, "Hive even prevented me from promoting NewJeans when they debuted," and asked, "Why go this far?" Her claim is that Hive is committing breach of trust by trying to oust her, a subsidiary CEO who delivers good performance.

Meanwhile, on the same day, Hive filed a police complaint against Adore CEO Min Hee-jin regarding the management takeover suspicion. They submitted a complaint to the Yongsan Police Station in Seoul against Min Hee-jin and Vice CEO Shin Dong-hoon on charges of breach of trust in the course of business. Hive claims that internal audits have secured evidence proving that Min led a plan to take over management.

Regarding Min's press conference, Hive stated, "There are so many untrue statements that it is difficult to list them all," adding, "Min distorted the facts in a public setting by mixing timelines to mislead the argument and using her characteristic distorted interpretative mechanism." They also said, "We have evidence to refute all claims and have decided not to address each one individually as it is not worth responding," and asked to "stop continuously mentioning the artist (NewJeans) and their parents, as it damages the artist's value."