Court: "Betrayal act but hard to see as breach of trust"
Min to continue holding CEO position at Adoor
Min Hee-jin, CEO of ADOR, won a court injunction prohibiting the exercise of voting rights against HYBE. Amid this, the 'today's horoscope' of CEO Min and Chairman Bang Si-hyuk has become a hot topic online.
On the 30th, several online communities posted the horoscopes of CEO Min and Chairman Bang. These were captured from the 'today's horoscope' available on portal sites. According to the horoscope, the overall fortune for Min, whose profile birthday is December 16, 1979, is 'Gisa Hoesaeng' (起死回生), meaning a near-death experience followed by revival. The fortune states, "As the difficult parts are gradually resolved one by one, your mood will also rise," and "Today is the day your various efforts shine, and you can now see the results of your hard work."
On the 30th, various online communities posted the fortunes of Representative Min and Speaker Bang. These were screenshots of the "Today's Fortune" available on portal sites. From the left in the photo are the fortunes for Representative Min and Speaker Bang for the 30th. [Photo by Online Community]
It continues, "If you have been steadily accomplishing and progressing from small matters, probably greater success awaits you," and advises, "Neatly wrap up the difficult situations so far and welcome the new energy coming your way." It also says, "In such situations, if you do not slow your pace and continue to strive steadily, fortune will soon be on your side, so please devote yourself."
On the same day, the Seoul Central District Court Civil Division 50 (Chief Presiding Judge Kim Sang-hoon) granted the injunction application filed by CEO Min against HYBE to prohibit the exercise of voting rights. Interpreting this through the horoscope means 'CEO Min's efforts have shone.' The court stated, "HYBE's claimed reasons for CEO Min's dismissal or resignation were not sufficiently proven," and judged, "While CEO Min's actions may be considered a betrayal against HYBE, it is difficult to say they constitute a breach of trust against ADOR."
Hive is entering into a conflict by initiating an audit of the management of Adore, a subsidiary to which the group NewJeans belongs. The photo shows the Hive headquarters in Yongsan. Photo by Jo Yongjun jun21@
While CEO Min's overall fortune is Gisa Hoesaeng, Chairman Bang's overall fortune was 'Muyong Jiyong' (無用之用), meaning something seemingly useless actually plays a significant role. For Chairman Bang, it advised, "If you are somewhat exhausted, a change of mood is necessary," and "If you have been tied up with work and family, spending difficult days, it would be good to take a short business trip or travel to escape reality for a while."
At the same time, it said, "If you take a short rest today, it will have a great effect on this transition and recovery," and "However, it is not only grand things like travel that are effective; even going to a sauna once is good. Giving yourself mental rest and leisure is the most important thing to refresh your mood." This seems like advice to Chairman Bang, who failed to dismiss CEO Min, to 'take it easy and rest.' Netizens responded with comments like "Indeed a nation of shamanism," "", and "Shamanism is scary."
Meanwhile, due to the court's injunction decision, HYBE, which holds 80% of ADOR's shares, will not be able to exercise voting rights to dismiss CEO Min at the extraordinary shareholders' meeting on the 31st. CEO Min, who will retain her position, is expected to take full charge of NewJeans' upcoming album activities starting next month.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
