Min Hee-jin, CEO of ADOR, spoke out about the 'betrayal' mentioned in the court ruling.
On the afternoon of the 31st, at the Press Center in Jung-gu, Seoul, CEO Min addressed the phrase "betrayal was committed, but it is not embezzlement" that appeared in the injunction ruling prohibiting the exercise of voting rights, saying, "Betrayal is the breaking of trust, but trust cannot be broken by just one person."
He added, "I did not want this fight to become a play on words. If you read the ruling carefully, that wording was not used as an important term," and "It was used as an expression to reject the opposing argument."
CEO Min said, "I believe a company is not a group for socializing, and managers should prove themselves with numbers," adding, "That should be the measure of betrayal. The profits I generated for ADOR in two years are the results that top boy bands achieve in five or seven years. It was achieved in just two years with a girl group. I cannot understand why the term 'betrayal' was used for a subsidiary president who delivered such results."
Earlier, the 50th Civil Division of the Seoul Central District Court (Presiding Judge Kim Sang-hoon) ruled the day before in the injunction lawsuit filed by Min Hee-jin, CEO of ADOR, against HYBE to prohibit the exercise of voting rights, stating that while Min's attempt to seize management rights of the company could be considered a "betrayal act," it was not an "embezzlement act" against ADOR.
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