ADOR Vice President Distances CEO Min Hee-jin from Anti-HYBE Documents

ADOR CEO Min Hee-jin (ADOR)

ADOR’s vice president, who according to HYBE is the author of controversial 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 to Min, the creator behind NewJeans, who told Yonhap News in a telephone interview that the internal documents revealed by HYBE reflected his “personal concerns” and were rooted in the long-standing conflict between HYBE and ADOR .

“This is based on my personal thoughts and experiences and is not an issue that has been discussed with other ADOR executives, including Min,” he said.

HYBE announced Tuesday that an internal investigation into ADOR has revealed documents written by its vice president, containing statements such as “What would make GP 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 contents of the documents were not intended to be reported or shared, but rather as a personal piece, not shared with any member of ADOR, despite its grandiose title of being an ‘internal document,’” he said. “It is deeply regrettable that only a ‘memo’ stored on a company laptop has been leaked to HYBE and presented to the public as a ‘confidential document’ in a vast conspiracy.”

BY LEE JAE-LIM ([email protected])