NewJeans: Last News

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ADOR to hold shareholder meeting to vote on dismissing Min Hee-jin as CEO

ADOR, home to popular girl group NewJeans, is set to hold a shareholder meeting later this month to vote on whether or not to dismiss Min Hee-jin as CEO.The decision to hold a shareholder meeting was announced today (May 10) by legal representatives of ADOR. According to The Korea Times, the move was made “under the attendance of all board members”, which included Min hee-jin, with the meeting set to be held on May 31.The announcement comes just days after the ADOR CEO filed an injunction to prevent HYBE from exercising its rights at the upcoming shareholder meeting, per Korea JoongAng Daily.
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NewJeans members reportedly earned USD3.7million each in 2023
NewJeans were reportedly paid KRW5.2billion (roughly USD3.7million) each in 2023, according to newly released ADOR documents.This is according to a report by Korea JoongAng Daily, which cites an electronic disclosure by ADOR that has been released amid the K-pop agency’s ongoing dispute with its parent company, entertainment giant HYBE.NewJeans – comprising Minji, Hanni, Danielle, Haerin and Hyein – were reportedly paid a total of KRW26.1billion (USD19million) in total last year, which translates to roughly KRW5.2billion (USD3.7million) for each member of the girl group.The disclosure also revealed that ADOR earned KRW110.3 billion (USD80million) in 2023, a fivefold increase from the year prior. It also made ADOR the third highest earning label under HYBE for the year, following Big Hit Music (KRW552.3billion) and Pledis Entertainment (KRW327.2billion).ADOR’s revenue in 2023 also helped it earn an operating profit of KRW33.5billion (USD24.3million), following a KRW4.0billion (USD2.9million) loss in the year prior.In related news, HYBE has said that it will file a complaint against executives of K-pop agency ADOR, including CEO Min Hee-jin, over a breach of trust and other allegations amid an ongoing dispute between the entertainment giant and the management of ADOR over control of the K-pop agency.Despite the growing spat between HYBE and ADOR, NewJeans will reportedly still move ahead with plans to release new music next month, according to a source with “knowledge in the matter”.
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