Why was Heejin Min suddenly removed as CEO of Adore and what's next? / 2024.08.27
Source: NAVER Search API /May be irrelevant to content / Search Keywords: K-팝, 갈등, 경영권
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Heejin Min, why did you step down as CEO of Adore and what's next?
Recently, it was announced that Heejin Min stepped down as CEO of Hive's subsidiary, Adore. This was not a simple replacement, but rather a public manifestation of a complex management conflict between Hive and Heejin Min.
Background on dismissal
Min Hee-jin Min was the main person behind the group's newsletters and was nicknamed the "mom of newsletters." However, things took a turn for the worse when the board of directors of Adore dismissed Min and appointed Hive's Kim Joo-young as the new CEO. Min claimed that the dismissal was a "unilateral termination" that happened against her will.
Seeds of conflict
The conflict between Hive and Min Hee-jin began in April of last year. A controversy erupted between Min and Hive over the termination of her shareholder agreement, and the two sides' disagreements escalated. Min claims that the termination was carried out without sufficient discussion and is considering legal action.
What's next
Although Min has been dismissed, she has stated that she will continue to serve as a board member of ADORE and will continue to produce Newzine. However, it seems likely that the future management will go in a different direction from Min's wishes. While Hive has expressed its continued intention to continue producing, there has been no discussion about this, leaving room for the conflict to reoccur in the future.
Source: NAVER Search API /May be irrelevant to content / Search Keywords: K-팝, 갈등, 경영권
Conclusion
The dismissal of Min Hee-jin as CEO of Airdoor is more than just a personnel move, it reveals the complex stakes in managing a large company within the K-pop industry. We expect the battle between Min and Hive to continue in the coming days, which will have a major impact on Newzine and its fans.
As such, the change of CEO at Adobe isn't just about one person taking over the reins, it's about the direction of the K-pop industry.
Three-line summary
- The firing of former Adore CEO Heejin Min centers on her conflict with Hive, and the two sides are at odds.
- He has stepped down as CEO, but will continue to produce for Newzine.
- This issue is expected to remain an important issue in the management of the K-pop industry.
Image Prompt:
A symbolic illustration of leadership conflict in business, portraying two separate paths diverging in a forest, with elements representing K-Pop culture woven in.
OpenAI. (2024). ChatGPT (4o mini) [Large language model]. https://chatgpt.com
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