News Hybe/MHJ Civil War Megathread (2 Viewers)

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Some shaman information @Selfmate
 
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Some shaman information @Selfmate
haven't gotten around to all the civil war news yet

focused on ARMAGEDDON especially the media showcase lol
 
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NewJeans, who made a comeback around the same time as aespa, are also in friendly competition on the charts. Recently, CEO Min Heejin of ADOR mentioned aespa at a press conference amid conflicts with HYBE, drawing even more attention.

On that day, Karina said, "We exchanged hearts with the members of the group (NewJeans) in the waiting room. I told them they're doing great and that there's nothing they should be worried about. We get along well as good colleagues," and added, "We are aware of that aspect. We are dedicated to our activities, and we [acknowledge that] the public's love is due to our hard work. We're grateful for the love for the song 'Supernova'."

Ningning continued, "Isn't music subjective? It seems like we're competing with our past selves and evolving, rather than competing with others. Since all artists have their own colors and charms, they can't be compared or replaced."

and

aespa recently garnered unexpected attention due to internal conflicts between HYBE and Min Heejin, CEO of ADOR. Messenger conversations sent by Bang Sihyuk, the chairman of HYBE, to CEO Min Hee-jin surfaced belatedly.

Despite a somewhat sensitive question, "Wasn't comeback preparation burdensome after the recent issues arose?" aespa responded cheerfully.

Karina said, "We're aware of the recent issues. Since this is our first full-length album, we focused on rehearsals. Thanks to the support and love, we prepared diligently for the album. I'm grateful to the public for what seems to be a satisfactory start for our first full-length album, and I thank the hardworking members and SM family."

Winter responded, "Rather than deeply pondering, I rather think 'I hope our first full-length album goes well.'"
 
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Battle of petitions is latest in Hybe-Ador dispute

Ahead of Ador’s extraordinary shareholders’ meeting Friday to decide on the dismissal of CEO Min Hee-jin, NewJeans fans and Hybe staffers are showing their respective support by submitting petitions to the Seoul court.

In a petition submitted to the Seoul Central District Court on May 24, NewJeans fans wrote, “Until it is legally concluded that Min acted unlawfully, the contract terms signed between Min and Hybe should be respected and we hope she remains the CEO of Ador. We know that is what NewJeans wants, and we support the group's stance.”

Min’s lawyer filed the fans' petition after 10,000 signatures were collected in about 16 hours.

Min and NewJeans members also submitted their petitions to the court during the hearing on the preliminary injunction filed by Min on May 17. Min had requested the court to prohibit the company from exercising its voting rights this Friday, and the court will decide sometime this week on whether to grant her request. Hybe holds 80 percent of Ador’s shares, and its shareholders likely will approve Min‘s removal if the meeting is held on Friday.

Ador staff also submitted a petition in favor of Min on last Tuesday.

From Hybe’s side, its subsidiary representatives and staff including Pledis Entertainment founder Han Sung-soo, Source Music CEO So Sung-jin, BTS' producer Pdogg, and BTS and Le Sserifim's creative director Kim Sung-hyun have filed petitions in support of Hybe. They all claimed that the value of the company’s multi-label system should be protected and that the whole entertainment industry would falter as a result of Min’s pursuit of private interest.

It is unlikely the court will side with Min as preventing Hybe from exercising its voting rights directly violates shareholder rights.

“Unless there is a solid reason, let’s say something definitely illegal, to prevent shareholders from exercising voting rights, the chance of the court granting Min’s injunction is very slim. The petitions submitted by NewJeans members and their fans may be taken into consideration by the judges, but they will have a small impact on the result,” Lee Jae-kyoung, a professor at Konkuk University Law School and the president of Korea Entertainment Law Society, said Sunday.

Source: https://www.koreaherald.com/view.php?ud=20240526050095
 
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TV Daily gained exclusive access to text message exchanges from Min Hee Jin and ADOR Vice President Lee as well as text messages between Min Hee Jin and her shaman friend, nicknamed 'Jiyoung 0814' in the report. They reflect the issues HYBE has cited as their evidence gained from the audit.

Between MHJ and VP Lee, through February, March, and April, they discussed in detail their extensive planning to set up circumstances so ADOR could become independent from HYBE. These schemes included cultivating public criticism of HYBE through media/reporters during BTS's military service, discussing the cost of breaking NewJeans' members contracts, building a network of resources to assist ADOR (VP Lee is specifically seeking financial backing advice), deciding the timing of when NewJeans' parents should file an internal complaint, and how they will use public pressure they create as leverage to get HYBE to compromise with them.



Between MHJ and her shaman 'Jiyoung 0814', exchanges from March 2021 show them discussing MHJ wanting her own label and the shaman suggesting it will happen in three years. They go over details about compensation, put options, requesting the ability to terminate the contracts of NewJeans from HYBE, among other business issues.

Source: https://v.daum.net/v/20240527113207636
 
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haven't gotten around to all the civil war news yet

focused on ARMAGEDDON
Well, that escalated fast.

MHJ is so cooked.
I guess the only two questions I have remaining at this point are,
What happens to NewJeans?
Does MHJ avoid jail?
We haven't seen any evidence of the insider trading bit yet, but if that allegation is true then... I hope she learned from LSM how to get a presidential pardon for criminal convictions.
 
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Well, that escalated fast.

MHJ is so cooked.
I guess the only two questions I have remaining at this point are,
What happens to NewJeans?
Does MHJ avoid jail?
We haven't seen any evidence of the insider trading bit yet, but if that allegation is true then... I hope she learned from LSM how to get a presidential pardon for criminal convictions.
not everyone has the right connections!!! lol

how knows but NJ seem to be very much on MHJ's side according to the petitions
 
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NewJeans, who made a comeback around the same time as aespa, are also in friendly competition on the charts. Recently, CEO Min Heejin of ADOR mentioned aespa at a press conference amid conflicts with HYBE, drawing even more attention.

On that day, Karina said, "We exchanged hearts with the members of the group (NewJeans) in the waiting room. I told them they're doing great and that there's nothing they should be worried about. We get along well as good colleagues," and added, "We are aware of that aspect. We are dedicated to our activities, and we [acknowledge that] the public's love is due to our hard work. We're grateful for the love for the song 'Supernova'."

Ningning continued, "Isn't music subjective? It seems like we're competing with our past selves and evolving, rather than competing with others. Since all artists have their own colors and charms, they can't be compared or replaced."

and

aespa recently garnered unexpected attention due to internal conflicts between HYBE and Min Heejin, CEO of ADOR. Messenger conversations sent by Bang Sihyuk, the chairman of HYBE, to CEO Min Hee-jin surfaced belatedly.

Despite a somewhat sensitive question, "Wasn't comeback preparation burdensome after the recent issues arose?" aespa responded cheerfully.

Karina said, "We're aware of the recent issues. Since this is our first full-length album, we focused on rehearsals. Thanks to the support and love, we prepared diligently for the album. I'm grateful to the public for what seems to be a satisfactory start for our first full-length album, and I thank the hardworking members and SM family."

Winter responded, "Rather than deeply pondering, I rather think 'I hope our first full-length album goes well.'"
I wish aespa never comes into Bang PD's thoughts ever again, or in will smith's Immortal words, "don't let aespa's name ever cross his lips ever again(paraphrase from the oscars)". N if he has propogsopasia or however it's spelled/called - if aespa are ever in the same room together, let him ignore aespa so they don't hv to interact with him!

I thank Fate tat aespa debuted after SM was rid of MHJ.
 
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I wish aespa never comes into Bang PD's thoughts ever again, or in will smith's Immortal words, "don't let aespa's name ever cross his lips ever again(paraphrase from the oscars)". N if he has propogsopasia or however it's spelled/called - if aespa are ever in the same room together, let him ignore aespa so they don't hv to interact with him!

I thank Fate tat aespa debuted after SM was rid of MHJ.
you should be thanking me aka LSM my friend lol

but Aespa's answer was great - like I've been saying the entire time for NJ and Illit and any other group caught up in the mess

just focus on the music - do your best and ignore everything else around you...
 
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you should be thanking me aka LSM my friend lol
...
From wat I read recently(Idk anything abt MHJ until recently, or vaguely when revelations of MHJ sketching towards taemin n 70s lolita movies surfaced awhile bk before Hybe-Ador civil war erupted/became public; or idk maybe I hv Mandela syndrome n dont know wat I rmbr when)

Anyways, LSM wanted to keep/promote MHJ in SMEnt, n if Hybe had bought his/ur shares I doubt aespa would be doing better than gfriend after SouMu was acquired by BSH. I think Armageddon is a warning of wat could hv been(I need to listen to whole album, I only listened to a majority of the album's tracks n memory is old n can't rmbr everything abt the lyrics-i love the songs n all, especially live my life<or whatever the title is> LOL 😀😃🙂🙃😊😇
 
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From wat I read recently(Idk anything abt MHJ until recently, or vaguely when revelations of MHJ sketching towards taemin n 70s lolita movies surfaced awhile bk before Hybe-Ador civil war erupted/became public; or idk maybe I hv Mandela syndrome n dont know wat I rmbr when)

Anyways, LSM wanted to keep/promote MHJ in SMEnt, n if Hybe had bought his/ur shares I doubt aespa would be doing better than gfriend after SouMu was acquired by BSH. I think Armageddon is a warning of wat could hv been(I need to listen to whole album, I only listened to a majority of the album's tracks n memory is old n can't rmbr everything abt the lyrics-i love the songs n all, especially live my life<or whatever the title is> LOL 😀😃🙂🙃😊😇
I don't know anything about MHJ prior to all this civil war business either

I think if Hybe bought out SM completely then there might be even more issues since they you'd had RV, Aespa, NJ, LSFM, Illit all under the same roof which might cause issues with releases and timing and resource allocation etc etc

I haven't listened to the any of hte bsides yet (it's a selfmate thing I never listen to bsides on day of release)
 
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I don't know anything about MHJ prior to all this civil war business either

I think if Hybe bought out SM completely then there might be even more issues since they you'd had RV, Aespa, NJ, LSFM, Illit all under the same roof which might cause issues with releases and timing and resource allocation etc etc

I haven't listened to the any of hte bsides yet (it's a selfmate thing I never listen to bsides on day of release)
There's a thing called KS cards where u get cards daily if u post threads/comments for tasks completion n I missed out on posting Armageddon mv, n after watching/listening to it(I love it btw), my rec was the audio tracks on yt so I listened to as many in a row as I could(before my old brain just overloaded from the sensory/sonic stimulation, n I posted all 8 audio tracks in a thread here; I think I listened to as many as 5/6 before I tapped out- I listened to the universe posted tracks earlier or at least the 2 minute snippets)

Here's the thread:
I think I hvnt liked a full kpop album as much since Blackpink's the Album(so take my subjective opinion as is). No kwangya I think unless I missed it in armageddon/Supernova mv/lyrics.
 
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There's a thing called KS cards where u get cards daily if u post threads/comments for tasks completion n I missed out on posting Armageddon mv, n after watching/listening to it(I love it btw), my rec was the audio tracks on yt so I listened to as many in a row as I could(before my old brain just overloaded from the sensory/sonic stimulation, n I posted all 8 audio tracks in a thread here; I think I listened to as many as 5/6 before I tapped out- I listened to the universe posted tracks earlier or at least the 2 minute snippets)

Here's the thread:
I think I hvnt liked a full kpop album as much since Blackpink's the Album(so take my subjective opinion as is). No kwangya I think unless I missed it in armageddon/Supernova mv/lyrics.
I will give the album a listen to in due course but at the moment Supernova is far superior to Armageddon (for me) I don't think I even like Armageddon at all lol - the MV is great but the song isn't my cup of tea but I'm sure I'll find something within the bsides that I like
 
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I will give the album a listen to in due course but at the moment Supernova is far superior to Armageddon (for me) I don't think I even like Armageddon at all lol - the MV is great but the song isn't my cup of tea but I'm sure I'll find something within the bsides that I like
S'okay I guess the student has surpassed the master (aespa has overtaken LSM, imo only haha LOL)😀😃🙂🙃😊
 
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Battle of petitions is latest in Hybe-Ador dispute

Ahead of Ador’s extraordinary shareholders’ meeting Friday to decide on the dismissal of CEO Min Hee-jin, NewJeans fans and Hybe staffers are showing their respective support by submitting petitions to the Seoul court.

In a petition submitted to the Seoul Central District Court on May 24, NewJeans fans wrote, “Until it is legally concluded that Min acted unlawfully, the contract terms signed between Min and Hybe should be respected and we hope she remains the CEO of Ador. We know that is what NewJeans wants, and we support the group's stance.”

Min’s lawyer filed the fans' petition after 10,000 signatures were collected in about 16 hours.

Min and NewJeans members also submitted their petitions to the court during the hearing on the preliminary injunction filed by Min on May 17. Min had requested the court to prohibit the company from exercising its voting rights this Friday, and the court will decide sometime this week on whether to grant her request. Hybe holds 80 percent of Ador’s shares, and its shareholders likely will approve Min‘s removal if the meeting is held on Friday.

Ador staff also submitted a petition in favor of Min on last Tuesday.

From Hybe’s side, its subsidiary representatives and staff including Pledis Entertainment founder Han Sung-soo, Source Music CEO So Sung-jin, BTS' producer Pdogg, and BTS and Le Sserifim's creative director Kim Sung-hyun have filed petitions in support of Hybe. They all claimed that the value of the company’s multi-label system should be protected and that the whole entertainment industry would falter as a result of Min’s pursuit of private interest.

It is unlikely the court will side with Min as preventing Hybe from exercising its voting rights directly violates shareholder rights.

“Unless there is a solid reason, let’s say something definitely illegal, to prevent shareholders from exercising voting rights, the chance of the court granting Min’s injunction is very slim. The petitions submitted by NewJeans members and their fans may be taken into consideration by the judges, but they will have a small impact on the result,” Lee Jae-kyoung, a professor at Konkuk University Law School and the president of Korea Entertainment Law Society, said Sunday.

Source: https://www.koreaherald.com/view.php?ud=20240526050095
Yep as i thought all along if your boss wants you gone ... its gonna happen.
 
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TV Daily gained exclusive access to text message exchanges from Min Hee Jin and ADOR Vice President Lee as well as text messages between Min Hee Jin and her shaman friend, nicknamed 'Jiyoung 0814' in the report. They reflect the issues HYBE has cited as their evidence gained from the audit.

Between MHJ and VP Lee, through February, March, and April, they discussed in detail their extensive planning to set up circumstances so ADOR could become independent from HYBE. These schemes included cultivating public criticism of HYBE through media/reporters during BTS's military service, discussing the cost of breaking NewJeans' members contracts, building a network of resources to assist ADOR (VP Lee is specifically seeking financial backing advice), deciding the timing of when NewJeans' parents should file an internal complaint, and how they will use public pressure they create as leverage to get HYBE to compromise with them.



Between MHJ and her shaman 'Jiyoung 0814', exchanges from March 2021 show them discussing MHJ wanting her own label and the shaman suggesting it will happen in three years. They go over details about compensation, put options, requesting the ability to terminate the contracts of NewJeans from HYBE, among other business issues.

Source: https://v.daum.net/v/20240527113207636
I would not be surprised that they were behind teh hybe leaks also.

It looks like it was all a media ploy.
 
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Hive disposes of 750,000 SM Entertainment shares in block deal… 'War of Jjen' 200,000 Won in danger of collapse
HYBE's stock price hovered around 200,000 won. HYBE, whose stock price plummeted as the conflict with Ador CEO Min Hee-jin intensified, announced that it would dispose of its shares in SM Entertainment through a block deal (after-hours bulk trading), increasing uncertainty in its stock price.

According to the Korea Exchange on the 28th, HYBE was traded at 200,500 won, down 3,000 won at 9:04 on this day. HYBE, which started trading at 241,500 won on January 2, the first trading day of the year, fell to the 180,000 won range for the first time this year due to internal conflict with Ador CEO Min Hee-jin and poor performance in the first quarter.

The stock price hit the lowest this year at 186,800 won on the 22nd, but the stock price dropped by 2 since the 10th (200,500 won) due to the comeback of singer New Jeans and BTS member RM and expectations of the lifting of the Chinese ban. After a week, it returned to the 200,000 won level.

Previously, HYBE requested Ador to hold a board of directors meeting last month to replace the management of its subsidiary Ador. This is because it was confirmed that a plan to seize management rights was established led by CEO Min. However, CEO Min refused to convene the board of directors, and on the 25th of last month, HYBE submitted an application to the court for permission to hold a temporary general meeting of shareholders.

Currently, the court is hearing a provisional injunction banning the exercise of voting rights filed by CEO Min against HYBE. The results are expected to be released before the general shareholders' meeting scheduled for the 31st. If the court rejects the request for a preliminary injunction, HYBE, which owns an 80% stake in Ador, is expected to take steps to dismiss CEO Min. If the injunction is granted, it is highly likely that the conflict between HYBE and Ador will continue.

On this day, HYBE announced that it had sold 755,522 shares of SM Entertainment through a block deal (after-hours bulk trading). The disposal amount is 68,398.16 million won, equivalent to 2.20% of equity capital. HYBE acquired a 14.8% stake at 120,000 won per share from former SM general producer Lee Soo-man during the SM takeover battle last year. HYBE, which later sold part of its stock to Kakao, secured an additional 3.68% stake in February when former general producer Lee exercised the put option he had at the time of the stock transfer agreement.

The financial investment industry estimates that the short-term uncertainty surrounding HYBE is affecting the decline in stock prices. Ji In-hae, a researcher at Shinhan Investment & Securities, said, “One of the reasons the entertainment industry was well received in the market was the multi-label system.” He added, “CEO Min pointed out the similarity of content, making us reconsider the scalability and existence value of multi-labels.” He said.

Park Soo-young, a researcher at Hanwha Investment & Securities, said, “The market will wait and see until (the management dispute between HYBE and Ador) is concluded.” He added, “It will be a confirmation of how easily HYBE is criticizing this incident, in other words, how mature the company is. “It is necessary,” he said.

Source: https://v.daum.net/v/20240528091503944
 
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Hive disposes of 750,000 SM Entertainment shares in block deal… 'War of Jjen' 200,000 Won in danger of collapse
HYBE's stock price hovered around 200,000 won. HYBE, whose stock price plummeted as the conflict with Ador CEO Min Hee-jin intensified, announced that it would dispose of its shares in SM Entertainment through a block deal (after-hours bulk trading), increasing uncertainty in its stock price.

According to the Korea Exchange on the 28th, HYBE was traded at 200,500 won, down 3,000 won at 9:04 on this day. HYBE, which started trading at 241,500 won on January 2, the first trading day of the year, fell to the 180,000 won range for the first time this year due to internal conflict with Ador CEO Min Hee-jin and poor performance in the first quarter.

The stock price hit the lowest this year at 186,800 won on the 22nd, but the stock price dropped by 2 since the 10th (200,500 won) due to the comeback of singer New Jeans and BTS member RM and expectations of the lifting of the Chinese ban. After a week, it returned to the 200,000 won level.

Previously, HYBE requested Ador to hold a board of directors meeting last month to replace the management of its subsidiary Ador. This is because it was confirmed that a plan to seize management rights was established led by CEO Min. However, CEO Min refused to convene the board of directors, and on the 25th of last month, HYBE submitted an application to the court for permission to hold a temporary general meeting of shareholders.

Currently, the court is hearing a provisional injunction banning the exercise of voting rights filed by CEO Min against HYBE. The results are expected to be released before the general shareholders' meeting scheduled for the 31st. If the court rejects the request for a preliminary injunction, HYBE, which owns an 80% stake in Ador, is expected to take steps to dismiss CEO Min. If the injunction is granted, it is highly likely that the conflict between HYBE and Ador will continue.

On this day, HYBE announced that it had sold 755,522 shares of SM Entertainment through a block deal (after-hours bulk trading). The disposal amount is 68,398.16 million won, equivalent to 2.20% of equity capital. HYBE acquired a 14.8% stake at 120,000 won per share from former SM general producer Lee Soo-man during the SM takeover battle last year. HYBE, which later sold part of its stock to Kakao, secured an additional 3.68% stake in February when former general producer Lee exercised the put option he had at the time of the stock transfer agreement.

The financial investment industry estimates that the short-term uncertainty surrounding HYBE is affecting the decline in stock prices. Ji In-hae, a researcher at Shinhan Investment & Securities, said, “One of the reasons the entertainment industry was well received in the market was the multi-label system.” He added, “CEO Min pointed out the similarity of content, making us reconsider the scalability and existence value of multi-labels.” He said.

Park Soo-young, a researcher at Hanwha Investment & Securities, said, “The market will wait and see until (the management dispute between HYBE and Ador) is concluded.” He added, “It will be a confirmation of how easily HYBE is criticizing this incident, in other words, how mature the company is. “It is necessary,” he said.

Source: https://v.daum.net/v/20240528091503944
last i checked it was way down lol you buy it all back? :)
 

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