Former Ador CEO says she was ‘sacrificed for Hybe’s IPO’

Former Ador CEO Min Hee-jin claimed Thursday, Nov. 27, that she had been “a sacrifice for Hybe’s stock market debut,” as her legal dispute with the K-pop powerhouse over a put option worth some 26 billion won ($17.7 million) continued at the Seoul Central District Court. The court held the third hearing in two related suits in which Hybe, parent company of Ador, is seeking confirmation that its shareholder agreement with Min has been terminated and Min is demanding payment for exercising the put option. Min argued that Hybe had used her “from the moment she joined the company,” claiming […]...

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