Former ADOR CEO Min Hee-jin Allegedly Sought Investment for New Company, Claims Davolink Chairman
Davolink chairman Park Jung-kyu has shared details of a private meeting with former ADOR CEO Min Hee-jin, potentially contradicting her previous statements about external investor contacts. This development adds a new layer to the ongoing discussions surrounding Min’s departure from ADOR and her relationship with HYBE.
Alleged Investment Discussions
According to Park, Min met with him in August or September 2024 to discuss a 5 billion won (approximately $3.8 million) investment for a new company. This claim contrasts with Min’s earlier denials of seeking external investors.
NewJeans’ Future Allegedly Discussed
Park also stated that Min inquired about the possibility of taking NewJeans with her if she left ADOR. He claims to have advised her on potential strategies, suggesting that ADOR’s value might decrease if she departed, potentially facilitating NewJeans’ move.
Reported Comments on HYBE Chairman
During the meeting, Park alleges that Min made a derogatory comment about HYBE chairman Bang Si-hyuk, which he found unprofessional.
Implications
These allegations, if true, could have significant implications for the ongoing situation between Min Hee-jin, ADOR, and HYBE. However, it’s important to note that these are claims from one party, and Min Hee-jin has not yet responded to these specific allegations.
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