HYBE, Home Of BTS, Says It Will Contact Police About Executives From Subsidiary Label After Audit

Korean entertainment giant HYBE said it will report an executive of subsidiary label ADOR to police, a move coming days after launching an audit.

HYBE is also asking ADOR’s CEO, Min Hee-jin, to exit. Min held an emotional press conference in Seoul and refuted allegations of usurping ADOR girl group NewJeans‘ management.

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NewJeans is a Billboard 200–topping girl group that is preparing to launch its new single, Bubble Gum.

HYBE is the label behind Korean supergroup BTS. It has issued a statement on the situation as of Thursday in Korea.

“On April 25 KST, HYBE announced that the company will report CEO Min Hee-Jin of its subsidiary label ADOR to police for a breach of trust and other related allegations today.

“HYBE secured substantial evidence to prove that Min deliberately led the plan to take over management control of the subsidiary, through the audit process. The evidence included detailed discussions that Min has ordered the ADOR management to find ways to pressure HYBE into ultimately selling ADOR’s shares. One of the audited parties submitted information assets to seize the management of ADOR and to attempt to contact external investors. The auditee also admitted to creating the documents to attack HYBE.

“In the meantime, HYBE will continue to provide attentive mental and emotional care to the company’s artist NewJeans and best support for their upcoming comeback. The company will meet legal representatives of the respective members as soon as possible to discuss the plan to protect the act.”

Earlier this year, HYBE announced that its annual sales hit 2.17 trillion won (US$1.6 billion) in 2023, making it the first K-pop agency to reach that milestone.

In a conference call, the company said that robust album and concert sales by its major artists contributed to this achievement, including Seventeen, Tomorrow X Together, NewJeans, Enhypen and BTS members as soloists.

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