ADORE Holds Extraordinary General Meeting and Reappoints Min Hee-jin as Inside Director

Maintaining the Policy of Prohibiting Internal Director Yooji and Representative

Min Hee-jin, former CEO of ADOR, was reappointed as an inside director of ADOR ahead of the expiration of her term on the 1st of next month.

Min Hee-jin, CEO of ADOR, is holding a press conference related to the ADOR extraordinary general meeting of shareholders at the Press Center in Jung-gu, Seoul on the 31st.
[Image source=Yonhap News]

ADOR held an extraordinary general meeting of shareholders on the 17th and passed the agenda to reappoint former CEO Min as an inside director. It is reported that there were no other agenda items at this extraordinary meeting.

Min’s new term as inside director will be three years starting from the 2nd of next month.

Previously, ADOR’s board of directors proposed a compromise on the 25th of last month to extend Min’s term as inside director but not to allow her return as CEO. However, Min is opposing this, stating that her return as CEO is necessary.

In a recent interview with a Japanese broadcaster, Min explained the reason she insists on holding the CEO position, saying, “There is a process and plan to realize (NewJeans’) vision,” and “To carry this out, production, upfront investment, and management must all move together.”

In this interview, Min stated, “Contractually, I am currently neither a producer nor a CEO. It is an ambiguous situation with only inside director authority,” and “The planning that has been underway is still being initiated. I cannot abandon it. I am working, but the next step is not yet clear, so I want to resolve this situation quickly.”

Currently, Min has filed an injunction with the court demanding that HYBE reappoint her as CEO.