First, the reason Min Hee-jin cited for preventing her dismissal, the mandatory retention period, is not something only Min Hee-jin should have adhered to, but something Hybe should have adhered to as well. If she was to be dismissed, it should have been due to clear legal issues like embezzlement, not because Hive wanted to.
In other words, if Min Hee-jin was found not guilty of embezzlement, but was still dismissed, she should receive compensation for the six years of work she would have done if she had stayed, in addition to the foot option of 10 billion won. Hive would have to pay at least 200 billion won in compensation.
In the industry, if someone is accused of embezzlement, they would voluntarily provide all the evidence and resign, without even going through a legal battle. The goal is to make Park Ji-won quit, not to create further problems.
In reality, Hybe pushed Min Hee-jin to the brink of resignation for almost three days, saying they would dismiss her, but after the press conference, they changed their stance, saying embezzlement was not established. Hive thought Min Hee-jin would quit on her own during those three days, so they didn't plan to sue her. However, when public opinion turned against them, they decided to sue her for embezzlement (Kim & Jang might have advised against suing, as proving embezzlement is difficult).
And now, with the audit results, unlike embezzlement, it would have been easy to prove something like embezzlement. However, Min Hee-jin, who was obsessed with work, would have been too busy working to commit embezzlement. Even if they investigate, there would be no evidence of embezzlement, so they pressured her to resign by digging into the codi and the vice president.
If public opinion wasn't in favor of Min Hee-jin, she would have resigned on her own. But since public opinion didn't turn against her, Hybe dug up KakaoTalk messages from three years ago, when Min Hee-jin called the deceased by a fake name, to create a negative public opinion and force her to resign.
Likewise, the reason for reconstructing the KakaoTalk messages yesterday, which was allegedly done by a YouTuber close to the Big Hit vice president, was not evidence of embezzlement or misappropriation, but was because public opinion turned against Min Hee-jin and she had to resign.
On May 31st, when asked if the interim shareholders' meeting would be held, Hybe responded that they were not certain if the shareholders' meeting would actually be held to dismiss Min Hee-jin as CEO.
If embezzlement is proven, Hybe, who dismissed Min Hee-jin in this state, without more evidence, will have to pay her six years' salary, foot options, and compensation for damages (considering not only NewJins but also future boy group success bonuses, it's a fight where only Min Hee-jin benefits by leaving Hybe without producing boy groups).
Kim & Jang also probably advised Min Hee-jin to cooperate when they went to court yesterday.
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Part of yesterday's interrogation
{Court: “Argue based on legal principles for breach of trust”
According to the shareholder contract confirmed at the hearing on this day, if there is no reason for CEO Min's dismissal from Adore under the Commercial Act, Hive must allow CEO Min to serve as CEO of Adore for five years. In the end, the issue was narrowed down to whether CEO Min had grounds for dismissal, that is, whether he breached his duties to Adore. Hive had to prove the charge of breach of trust as the reason for Representative Min's dismissal.}
THE COMMENTS:
- Hybe got screwed.. It's like the goose that lays golden eggs cutting its own belly... All because of its petty inferiority complex.
- They all need to be cut off.
- 👁️👄👁️🫰
- Let's dig into their KakaoTalk and bank transaction histories now.
- They said they would send just one person to bear it,,, The beginning was the internal whistleblowing about hoarding,, Even at the press conference, Min Heejin didn't mention what she blew the whistle on, but Hive, you fools.
- Let's hold out until the end, Min Heejin ㅠ
- Never resign, take everything and leave.
- Hybe's side responded, "We cannot confirm whether the shareholders' meeting will actually be held on that day regarding the dismissal proposal for Min Heejin, the CEO." These crazy people suddenly changed their minds.
- All the bigwigs should resign and let Min Heejin, who's actually working, stay.
- Let's dig in.
- We realized how trash the industry is with this incident. Hope Min Heejin gets everything she originally agreed to.
- The mouse must win, that's the right thing.
- It's so stupid, harassing people to leave has always been their thing, but Min Heejin isn't like that, Min Heejin fighting.
- Min Heejin might win this fight.
- Wondered why they were so petty, turns out it's about money? What they're doing now is just too much.
- Screw Hybe.
- If they dismiss her in this state and then it turns out it wasn't embezzlement legally, Hybe will have to pay Min Heejin for six years of salary and stock options, plus compensation.
- Even this ending isn't bad at all, keke let's dig in.
- Please, Min Heejin, hold on well. Adeo, NewJeans, Min Heejin, fighting..
- Let the mouse win, hope Hive gets its comeuppance properly.
- Let's seeㅋㅋㅋ Hybe won't do as they please.
- A real ignoramus. Min Heejin doesn't have 100 billion won in cash, and it's just like Hive to say that. Doesn't he know that you can increase capital in stocks? Sim Jiheo said Hive would give more than 100 billion won if she worked for 8 more years. The essence of this incident is whether they were trying to transfer NewJeans' IP or leak internal data. These two things have already been revealed in articles, proving that the real ignoramus is an ignoramus.
- (replying to comment 22) The fact is, because of the outrageousness of the internal whistleblowing, they're trying to crush people, not pay them, and chase them away empty-handed. They're more emotional than anyone else.
- (replying to comment 22)The judge should talk about the legal stuff, go away.
- (replying to comment 22) Despite various clarifications, Hive is still throwing mud at people and even throwing out KakaoTalk messages. Even in yesterday's statement from Hive, it was really bad. Please, why do they keep mentioning idols not under Hive in their clarifications? Please, please, please, Hive should only mention idols under Hive in their clarifications. Given the current situation, Hive is probably trying to create a viral storm with other idols while attacking Min Heejin. Please stop asking fans of other idols to come out to attack while criticizing Min Heejin.
- (replying to comment 22 ) I wish you would stop talking about things that only need to be evidenced in court.
- (replying to comment 22) After seeing what they're doing to NewJeans now, they want to extend it for 8 more years? If you were in their shoes, would you do it? Lol.
- (replying to comment 22) What kind of clarification did they give? There was nothing but nonsense except for a barely coherent excuse. Frankly, the level of wording by Bang Si-hyuk and Park Ji-won was even better than mine. What's this talk about increasing capital? Are they talking about a rights issue now..? Park Ji-won is messing up big time right now, and in this situation? Huh? Seriously???? Yeah, anyway, Min Heejin's image is already ruined even if they give her money, what are they going to recover with?
- Will the public opinion turn? You idiots.
- Leave Min Heejin alone and please just get lostㅠ
- I hope Hybe goes underㅠ
- Hybe's cash assets are very low.. They probably don't have any money to give.
- They said it was embezzlement, so I thought they caught something big in the audit..... I was such an idiot... Min Heejin fighting.
- Really, fighting.
- Public opinion won't change forever. Hive needs to clarify whether it's true that a court decision came out regarding the hoarding issue.
- Espa, the object of Bang Si-hyuk's affection.
- Min Heejin, please win. Hwaiting.
- Hive seems to be running out of things to say and is just blabbering.
- It's true that Hybe does shady things for money, but what can you do, lol.
- The mouse always wins.
- Min Heejin, please win~ Hybe seems so pathetic that it should disappear from the entertainment industry.
- Min Heejin, please win this.
- Inferiority complex can be so scary, lol.
- Min Heejin seems likely to win, lol.
- I can clearly see why the industry is in such a mess. After all, the gaming industry has always been about apologizing and then getting fired whenever something goes wrong, so I never imagined that there would be someone like Min Heejin who would stand up to it. Bang Si-hyuk poured the contaminated water into the entertainment industry.
- Always the mouse.
- People like Park Ji-won should really disappear from Korean society... People who climb to the top through manipulation and politics are always disasters.. And Bang Si-hyuk, who hires and gets close to them, is the same kind of person.
- Isn't that statement not about suing for embezzlement, but about filing a complaint? Anyone can do that, lol. They really wanted to bury someone without any evidence, huh.
- It's ridiculous how they're now doing all the attacks they used to do when they couldn't get away with their thug-like behavior in the companyㅋㅋㅋㅋ Conversely, if they strip everything off like that, there will be a lot more that comes out about them, lol.
- (replying to comment 49) Yeah, they should look at things like drinking and playing golf... And then all those expenses on entertainment on the corporate credit card... There'll probably be a lot more coming out, lol...
- Min Heejin, fighting.
- Why don't they have any money, lol? Just sell the shares that Hive owns, lol. They're probably causing a fuss because they don't want to sell them, lol.
- Anyway, the mouse always wins.
- I hope Min Heejin holds on until the end.
- In the end, it was all about money...
ORIGINAL POST HERE
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