Former Adore CEO Min Hee-jin "I'm not satisfied with the Adore compromise, I want to return to the CEO position";

Former Adore CEO Min Hee-jin rejects the company's compromise and says she wants to return to the company's board of directors.

Min Hee-jin's side said in a press release on the 25th, "This morning, the board of directors of ADORE resolved to convene an extraordinary general meeting of shareholders with the agenda of re-electing former CEO Min Hee-jin as an inside director. Since the appointment of inside directors is decided by Hive, the majority shareholder, it is unknown whether Ms. Min will be re-elected as an inside director."

"We are wary of not being able to guarantee normal artist activities of Newzine if the term is extended due to an incorrect contract," the statement continued, "and we are requesting a specific contract with Hive's sincerity while clearly stating our intention to return as CEO."

Min's representatives also said, "We are deeply outraged that the company is once again conducting a media play before consulting with the parties on the status, duration, and authority of the position."

Finally, Min Hee-jin's representatives added, "Her authority as CEO is something that can only be demanded in a situation where there is no reason for her to be removed from the CEO position, as well as the right to defend the absurdity of the various hives that have been exposed today."

▲ Min Hee-jin's full statement

This morning, the board of directors of ADORE resolved to convene an extraordinary general meeting of shareholders with the agenda of reappointing Min Hee-jin as an inside director. However, since the appointment of inside directors is decided by Hive, the majority shareholder, it is unknown at this time whether Min Hee-jin will be reappointed as an inside director.

Meanwhile, on the morning of September 11, the board of directors of Adore says that it made a proposal to former CEO Min Hee-jin to take over the production of Newzine for the next five years. However, there was only a word to extend the contract period, but no genuine proposal, such as removing numerous toxic clauses such as the unilateral termination right that was in the draft. The expression of making a compromise is just a play on words.

Min Heejin is wary of not being able to guarantee the normal activities of Newzine's artists when her term is extended due to the wrong contract. Therefore, Min Hee-jin has clearly stated her intention to return as CEO and has requested a specific contract with a corresponding authenticity of Hive. We are deeply outraged by the practice of conducting a media play before consulting with the parties again when there is no agreement on the status, duration, and rights of the parties.

Hive has been engaging in a press play this morning to discredit the performance of its artists, and we wonder what else it is trying to hide in its urgency to make this sudden statement today, and whether it is trying to create a rift between Ms. Min and Newzines. As we all know, Hive has always initiated media plays that don't make sense, and when the truth comes out, they always issue another position statement to cover it up.

The right to defend the many Hive absurdities, including those exposed today, and the right to be removed from the position of CEO, is something that should be demanded when there is absolutely no reason to do so.

We are deeply outraged by Airdor's repeated and blatant lies to incite the public and public opinion, and are saddened by the damage it has done to artists. We hope that the board of directors of ADORE will show good faith by engaging in sincere consultation before making a media play. We also strongly demand the reinstatement of Heejin Min as CEO for the sake of normal artist performance.

We are outraged by the repeated lies and misleading public opinion.