🔗 2024-09-13 ADOR Official Statement (Full Text)

[ADOR] We are informing you regarding the article reported today titled “HYBE, not following the law…”

This is ADOR.

We have requested the publication of a rebuttal as follows regarding the article reported by a media outlet on September 13 titled [“HYBE, not following the law and using thug-like methods,” a legal professional’s rebuke]. This is part of exercising our right of reply to protect corporate value and artist IP.

[The replacement of the CEO by the ADOR board of directors was in accordance with the inherent authority granted to the board. Based on management judgment, the board can execute the replacement of the CEO through its own resolution at any time.

Also, we express regret that [the media outlet] criticized one party of the dispute solely based on the remarks of a specific legal professional without making coverage inquiries to us or guaranteeing our right of reply.

Furthermore, the lawyer in question is the person who served as the legal representative submitting a petition of support for former CEO Min Hee-jin’s side during the injunction lawsuit. For impartial reporting, we request that you guarantee the right of reply when making reports related to our company.]