ADOR vice president distances CEO Min Hee-jin from anti-HYBE documents

ADOR CEO Min Hee-jin [ADOR]

ADOR’s vice president, alleged by HYBE to be the author of contentious documents outlining plans to wrest control of the label from its parent company, denied any association with ADOR CEO Min Hee-jin.

The vice president is a close aide of Min, the creator behind NewJeans, who told Yonhap News in a phone interview that the internal documents revealed by HYBE reflected his “personal concerns” and were rooted in the prolonged conflict between HYBE and ADOR.

“This is based on my personal thoughts and experiences and is not a matter discussed with other executives of ADOR, including Min,” he said.

HYBE announced on Tuesday that an internal probe into ADOR unveiled documents written by the vice president, containing statements such as “What would get G.P to buy ADOR” and “How can we get HYBE to sell ADOR.”

G and P refer to the initials of private equity firms GIC, a Singaporean sovereign wealth fund, and PIF, Saudi Arabia’s sovereign wealth fund.

“The content of the documents was not intended for reporting or sharing but rather a personal piece, not shared with any member of ADOR despite the grandiose title of it being an ‘internal document,’” he said. “It’s deeply regretful that a mere ‘memo’ stored on a company’s laptop has been leaked to HYBE and portrayed to the public as a ‘confidential document’ in a grand conspiracy.”

BY LEE JAE-LIM [lee.jaelim@joongang.co.kr]