Ilyo Shinmun Exclusive: Court Grants ADOR’s Application for 500 Million Won Provisional Attachment of Former CEO Min Hee-jin’s Real Estate

According to Ilyo Shinmun’s verification, the Seoul Western District Court Civil Division 21 granted the decision on December 23 last year regarding the application for provisional attachment of real estate worth 500 million KRW filed by ADOR against former CEO Min Hee-jin. Provisional attachment is a preservative measure taken by a creditor to secure a monetary claim or a claim that can be converted into money. The disposal and use of the attached property are prohibited until the main lawsuit is concluded.

This provisional attachment is related to the case where ‘A’, a Style Directing Team Leader at ADOR during Min Hee-jin’s tenure, personally received styling service fees from external advertisers. The National Tax Service determined that the service fees worth 700 million KRW should have been recognized as ADOR’s revenue and imposed a penalty tax on ADOR. ADOR claimed that former CEO Min was liable for damages to the company, and the court accepted this.

Reporter Choi Hee-ju [email protected]
Reporter Kim Myung-seon [email protected]