In The Midst Of An Intensifying Stock Warm Up Between Min Hee Jin And HYBE, Shareholders Are Feeling The Pain As The Stock Prices Of HYBE Continue To Tumble

The prolonged conflict between ADOR CEO Min Hee Jin and HYBE is having a negative impact on stockholders, as seen by the fact that the stock price of HYBE has fallen below the 200,000 won threshold. On May 13, the stock price of HYBE had a precipitous decline of 7,700 won, hitting a range of 190,000 won. When compared to the almost 240,000 won that was collected just twenty days before, this decline represents a considerable dip. As the confrontation between CEO Min Hee Jin and HYBE continues to develop, shareholders are left to deal with the immediate effects of the drop in the stock price. The discussions that take place in online HYBE stock forums are indicative of concerns over the future trajectory of the stock. Some individuals have expressed their fear regarding additional drops and have speculated about the possibility of a descent to 100,000 won. In order to determine whether or not to remove Min Hee Jin, who has been at odds with HYBE, from his position, an extraordinary shareholders’ meeting is set to take place on May 31. ADOR recently made the announcement that they held a board meeting on May 10 at which all members, including HYBE’s auditor, were present. at this meeting, they reached an agreement to organize an extraordinary general meeting of shareholders. In accordance with the request made by HYBE, the agenda for the meeting principally focused on the dismissal and nomination of directors, with the primary objective being the removal of Min Hee Jin from his position as CEO. In the previous month, HYBE conducted an unexpected audit of ADOR, claiming concerns of theft of management powers within the organization. A close look is being taken at the existing ADOR board, which is dominated by Min Hee Jin and his close allies. HYBE is advocating for the replacement of the executives who are now serving on the board. The conclusion of Min Hee Jin’s plea for a temporary injunction to prohibit HYBE from exercising its voting rights at the extraordinary shareholders’ meeting will determine the fate of ADOR’s management overhaul. This outcome is dependent on the success of the application. In the event that the preliminary injunction is granted by the court, it has the potential to impede HYBE’s goals and to prolong the situation. In the midst of a crowded agenda of board meetings, shareholder gatherings, and legal processes, the ongoing conflict between HYBE and Min Hee Jin, which is defined by disagreements over group concepts and management techniques, is expected to continue.