Former ADOR CEO Min Hee-jin Releases Portions of ⌜Decision Not to Refer to Prosecution for Charges of Occupational Breach of Trust⌟

Upon examining the overall KakaoTalk conversation data between the parties (redacted) obtained through this investigation, it appears to be for the purpose of protecting the interests and achievements of ADOR, the victim, and contrary to the statements in the complainant’s audit report, ‘EXIT’ does not mean ‘EXIT’ in the sense of ‘management takeover,’ but rather hypothesizes the period after CEO (redacted) completes her normal 5-year term under the shareholders’ agreement and exercises her put option.

Even if we assume that some of those conversations gave the impression of ‘wanting to escape HYBE’s sphere of control,’ as claimed in the complainant’s audit report and other arguments, as noted above, the related forensically obtained KakaoTalk conversations hypothesize ‘after the expiration of the shareholders’ agreement term,’ and moreover, the hypotheticals about ADOR’s IPO (stock listing) or selling ADOR to major shareholders all have ‘parent company approval’ as a prerequisite.