Get ready for some legal drama! The court is about to make a big decision on whether HYBE can kick out ADOR CEO Min Hee Jin. It’s like a real-life showdown, with lawyers and everything. So, what’s the verdict going to be? Let’s dive in and find out what happens next.
Court Set To Decide HYBE’s Attempt To Remove ADOR CEO Min Hee Jin
A hearing about HYBE’s request to call a general shareholders’ meeting with the intention of removing ADOR CEO Min Hee Jin is scheduled to take place before the Seoul Western District Court.
According to K-Media Min Hee Jin requested to change the date for the general shareholders' meeting hearing with Hybe but the court rejected her request.
Hybe aims to hold a shareholders' meeting to approve the dismissal of CEO Min Hee Jin.
According to legal circles, Min's… pic.twitter.com/HXcY9Et8OR
— paula⁷ (@sugatheartist) April 30, 2024
The court will hold the hearing in secret, in accordance with the guidelines provided by the Non-Litigation Case Procedure Act, on April 30, at 4:35 PM KST.
If the court approves the shareholders’ meeting, a notice will be sent out to call an extraordinary general meeting, which must be scheduled within 15 days. HYBE plans to appoint new directors during this meeting to replace the current board, which includes CEO Min. It is estimated that the full process will take about two months.
Here are more recent updates for you to check out:
