The Investment Meeting Controversy
Min Hee Jin’s investment meeting denial has sparked a major controversy in the ongoing HYBE-ADOR dispute. DAVOLINK Chairman Park Jeong Gyu has come forward with explosive details about their secret meeting, directly contradicting Min’s previous statements. This revelation has sent shockwaves through the K-pop industry, raising serious questions about transparency and trust.
The chairman’s detailed account of events has not only challenged Min Hee Jin’s credibility but also exposed potential legal implications. Industry experts are now closely watching how this controversy might affect both ADOR’s future and NewJeans’ career trajectory.
The Secret Meeting Details
Chairman Park Jeong Gyu shared that the investment discussions began through an unexpected mediator in August 2023. A NewJeans member’s uncle, identified as Mr. B, approached him with a substantial investment proposal of ₩5.00 billion KRW from Min Hee Jin.
The initial approach was notably urgent, with Mr. B waiting outside the chairman’s house on a Sunday while Park was playing golf. The chairman initially declined the sudden proposal, citing the significant risk involved in such a large investment.
See also: Namib Drama Similar To Min Hee Jin’s Story Addressed by Director
In a strategic counter-move, Chairman Park proposed an alternative solution involving DAVOLINK’s transfer. This suggestion was aimed at securing investment funds through the capital market, potentially benefiting both parties. The formal meeting took place at his house on September 30, where they spent three hours discussing various matters.
Controversial Revelations and Professional Conduct
During their meeting, Min Hee Jin allegedly made shocking statements about HYBE’s Chairman Bang Si Hyuk that raised red flags about her professional conduct. The chairman was particularly disturbed by Min’s use of explicit language to describe Bang Si Hyuk, noting it as highly inappropriate for a first meeting.
The discussion took an even more controversial turn when they explored plans about potentially removing NewJeans from ADOR. Chairman Park provided strategic advice, suggesting that such a move would only be feasible if ADOR’s value decreased significantly first.
Legal Implications and Industry Impact
The meeting’s revelation has raised serious legal concerns within the industry. As an internal director at the time, Min Hee Jin’s meetings with outside investors could potentially constitute a breach of trust. This legal aspect might explain her adamant denial of the meeting’s occurrence.
The stock market has already shown reaction to these revelations, with DAVOLINK’s stock prices experiencing a decline after the news broke. This financial impact demonstrates the serious implications of corporate disputes in the K-pop industry.
See also: Min Hee Jin Owes Bang Si Hyuk $2.8M in HYBE ADOR Drama
Final Thoughts on the Investment Meeting Controversy
The revelation of this secret investment meeting has created significant waves in the K-pop industry, potentially affecting multiple stakeholders, from corporate entities to artists. With Min Hee Jin’s team maintaining their denial and HYBE’s ongoing investigation into breach of trust allegations, this controversy seems far from over.
The situation raises important questions about corporate governance in the K-pop industry and the delicate balance between business interests and artist management. As this story continues to develop, many industry observers are watching closely to see how it might influence future corporate practices in K-pop entertainment.
What do you think about these revelations? How might this affect NewJeans’ future? Share your thoughts in the comments below!
