‘ADOR Supporters (@Adorsupporters)’ Posts Statement
< A Proposal for Peace, Reconciliation, and Reconstruction of ADOR >
With the ongoing conflict between HYBE and former ADOR CEO Min Hee-jin showing no signs of resolution, both parties have continued to respond in good faith, and it is difficult to conclude that either side has provided grounds for a loss of trust. Unable to simply stand by and watch this conflict unfold, we hereby issue the following statement.
1. Actions Both Parties Should Take
We propose that both parties agree to the overarching premise of “reconciliation and compromise,” resolve misunderstandings and distrust through direct dialogue rather than solely issuing statements through the media, and publicly acknowledge and apologize for the disappointment they have caused each other, thereby restoring trust and delivering a message of harmony and coexistence through a joint statement or press conference to mediate the conflict and prevent further escalation of public discord. We also propose that all civil and criminal lawsuits, complaints, and accusations be withdrawn, that mutual criticism through both official and unofficial channels cease, and that both parties pledge to prevent recurrence.
2. Preliminary Procedures Including Contract Settlement
First, we propose that HYBE reinstate former CEO Min Hee-jin to her position as ADOR CEO and codify provisions in the shareholders’ agreement to prevent any future attempts at indirect removal of the CEO through directors appointed by HYBE. We propose that former CEO Min Hee-jin demonstrate the virtue of concession as a forward-looking measure for her return and cooperation by waiving her right to claim put option proceeds. We also propose that NewJeans return to ADOR and renegotiate their exclusive contract, taking into account the extension of the contract period in consideration of the hiatus.
3. Matters Following the Finalization of Reconciliation
3-1. Mediation Committee
To ensure the effective implementation of the agreed terms, we propose establishing a mediation committee that periodically evaluates compliance. The committee composition shall consist of 7 members from the HYBE side including the HYBE CEO and ADOR directors to be appointed by HYBE (excluding the CEO), 7 members from Min Hee-jin’s side including Min Hee-jin herself and former CEO Min Hee-jin as the artist representative, and 5 neutral members. The chairperson shall be selected from among the neutral members. Additionally, one legal professional from each of the HYBE side, Min Hee-jin’s side, and the neutral members shall be included to serve in a legal advisory capacity.
3-2. Gifts to Each Other
We propose that both parties offer “gifts” to each other as compensation for having escalated the conflict. HYBE should consider employing Min Hee-jin within HYBE with a title such as director and providing a stock bonus of approximately 5-10% of ADOR shares as recompense for having intensified the conflict. Min Hee-jin should consider appointing HYBE Chairman of the Board Bang Si-hyuk as an advisor to ADOR as recompense for having intensified the conflict, while also considering appointing HYBE alumni to key positions at ADOR such as directors, bringing Phoning—which had been operating independently—into Weverse, the platform where most HYBE artists are based, and reducing criticism of HYBE’s management that lacks sufficient basis.
3-3. Content Production
The conflict among HYBE, Min Hee-jin, and NewJeans will remain a case that will be widely referred to in the history of K-pop and corporate affairs. To document this situation for the record, we propose that HYBE and Min Hee-jin consider joint production of documentaries, books, and other content. Furthermore, this situation escalated to the point of complaints and accusations between labels within HYBE, creating internal division. To mend this division, we propose consideration of joint content production involving not only artists from the labels that filed mutual complaints and accusations in this matter, but all HYBE artists together.
We sincerely hope that this proposal will bring an end to the current unfortunate situation and serve as a turning point for HYBE, Min Hee-jin, and NewJeans to walk the path of coexistence rather than mutual destruction. Thank you.
