“In the Min Hee-jin VS HYBE conflict, HYBE wins.”

In the family fight between Adore CEO Min Hee-jin and HYBE, which has been going on for nearly a month, public opinion predicted that HYBE would win the legal victory regarding breach of trust.

On the 20th, a vote was held on Blind, a community dedicated to office workers, to predict the legal victory of HYBE and CEO Min Hee-jin in relation to breach of trust. As of 3 p.m. on this day, about 732 people voted, and the result was that 616 people (84%) chose 'HYBE wins', predicting that Min Hee-jin's charges of breach of trust will be recognized. On the other hand, 116 people (16%) predicted that Min Hee-jin would win by being found not guilty.

The majority of people who predicted HYBE's victory said, "An individual coveted what the company had," "Heejin Min was the one who started an internal audit with a press conference because of breach of trust," "An individual coveted the company and it went bankrupt," and "It's simple." Think about it this way: “What if a Samsung executive designed a new cell phone and brought it out before it was released?”

A family fight has been going on for nearly a month between HYBE and Adore CEO Min Hee-jin, starting with suspicions of 'stealing management rights'. The two sides have continued to fight in an off-site public opinion battle, and at present, the judgment of the law has become the most important.

On the morning of the 17th, a hearing was held at the Seoul Central District Court's 50th Civil Division (B) on the lawsuit for a provisional injunction to ban the exercise of voting rights filed by CEO Min Hee-jin against HYBE. During the interrogation, both sides argued over the key issue, CEO Min's takeover of management rights.

As the results are usually released within two weeks after the hearing, the court decision is expected to be made before the general shareholders' meeting scheduled for the 31st. If the injunction application is rejected, HYBE can end this situation by claiming to exercise shareholders' rights, dismissing Min Hee-jin from the position of CEO, and replacing Adore's management.

On the other hand, if the court upholds the request for a preliminary injunction, HYBE's plans will face a major setback. In this case, it appears that HYBE will be able to file an appeal against the result of the injunction, or bring new evidence and reconvene an extraordinary general meeting of shareholders.

Choi Ji-ye, Ten Asia Reporter wisdomart@tenasia.co.kr