The China Mail - BTS agency files complaint against subsidiary head over breach of trust

USD -
AED 3.672498
AFN 65.504229
ALL 80.193613
AMD 365.443623
ANG 1.789783
AOA 918.000433
ARS 1490.455074
AUD 1.411542
AWG 1.80125
AZN 1.699459
BAM 1.690479
BBD 2.011669
BDT 122.606854
BGN 1.696366
BHD 0.37668
BIF 2985.954449
BMD 1
BND 1.277583
BOB 11.640953
BRL 5.222395
BSD 0.998833
BTN 95.261679
BWP 13.45607
BYN 3.037988
BYR 19600
BZD 2.008816
CAD 1.387605
CDF 2272.999818
CHF 0.811855
CLF 0.023213
CLP 913.600415
CNY 6.743199
CNH 6.742805
COP 3115.519253
CRC 449.371191
CUC 1
CUP 26.5
CVE 95.306625
CZK 20.924702
DJF 177.864212
DKK 6.462965
DOP 58.464065
DZD 131.663425
EGP 50.234346
ERN 15
ETB 161.573793
EUR 0.86453
FJD 2.234197
FKP 0.739036
GBP 0.738704
GEL 2.610324
GGP 0.739036
GHS 10.937378
GIP 0.739036
GMD 73.500197
GNF 8773.931458
GTQ 7.6209
GYD 208.928649
HKD 7.846982
HNL 26.775574
HRK 6.512302
HTG 130.645231
HUF 313.868996
IDR 17828.1
ILS 2.955101
IMP 0.739036
INR 95.450498
IQD 1308.440296
IRR 1374587.502594
ISK 122.894362
JEP 0.739036
JMD 158.174511
JOD 0.709049
JPY 159.31503
KES 129.09806
KGS 87.449871
KHR 4041.661265
KMF 426.999728
KPW 900.000294
KRW 1416.609785
KWD 0.30868
KYD 0.832361
KZT 463.468603
LAK 22542.892951
LBP 89443.536886
LKR 332.365271
LRD 181.287005
LSL 16.158607
LTL 2.95274
LVL 0.60489
LYD 6.359825
MAD 9.264013
MDL 17.319677
MGA 4300.099399
MKD 53.178616
MMK 2099.791609
MNT 3596.010349
MOP 8.073123
MRU 40.112364
MUR 47.106174
MVR 15.45028
MWK 1731.967674
MXN 17.007555
MYR 4.0859
MZN 63.909745
NAD 16.158607
NGN 1359.570083
NIO 36.760448
NOK 9.4776
NPR 152.41886
NZD 1.69746
OMR 0.381252
PAB 0.998833
PEN 3.368858
PGK 4.486797
PHP 61.464998
PKR 277.41994
PLN 3.724525
PYG 5995.073253
QAR 3.641125
RON 4.526701
RSD 101.421842
RUB 84.020318
RWF 1468.77566
SAR 3.750032
SBD 8.048583
SCR 13.755996
SDG 600.498751
SEK 9.530199
SGD 1.27907
SHP 0.740866
SLE 24.50468
SLL 20969.499227
SOS 570.811185
SRD 37.974495
STD 20697.981008
STN 21.176369
SVC 8.739358
SYP 13001.999906
SZL 16.156273
THB 33.143013
TJS 9.223994
TMT 3.51
TND 2.928476
TOP 2.40776
TRY 47.841255
TTD 6.76693
TWD 32.021601
TZS 2646.873244
UAH 44.681879
UGX 3710.618436
UYU 40.019016
UZS 11890.747223
VES 770.109102
VND 26148.5
VUV 117.940389
WST 2.73449
XAF 566.970915
XAG 0.015456
XAU 0.000229
XCD 2.70255
XCG 1.800078
XDR 0.707052
XOF 566.970915
XPF 103.081378
YER 237.195625
ZAR 16.18059
ZMK 9001.204446
ZMW 18.87722
ZWL 321.999592
  • BCC

    -0.8900

    83.24

    -1.07%

  • CMSC

    -0.0250

    21.45

    -0.12%

  • CMSD

    -0.0100

    21.58

    -0.05%

  • NGG

    -0.1500

    81.05

    -0.19%

  • BCE

    0.1500

    23.47

    +0.64%

  • RBGPF

    0.0000

    71.34

    0%

  • JRI

    0.0635

    12.61

    +0.5%

  • RELX

    -0.2400

    34.43

    -0.7%

  • RYCEF

    0.1300

    20.84

    +0.62%

  • RIO

    -0.4100

    95.68

    -0.43%

  • GSK

    -0.4785

    49.52

    -0.97%

  • AZN

    -0.7900

    156.45

    -0.5%

  • VOD

    0.2000

    16.42

    +1.22%

  • BTI

    -0.2900

    57.06

    -0.51%

  • BP

    0.2196

    42.53

    +0.52%

BTS agency files complaint against subsidiary head over breach of trust
BTS agency files complaint against subsidiary head over breach of trust / Photo: © YONHAP/AFP

BTS agency files complaint against subsidiary head over breach of trust

The South Korean agency behind K-pop sensation BTS on Thursday filed a legal complaint against its powerhouse subsidiary's head for allegedly orchestrating a plan to break away from the parent company.

Text size:

The agency, HYBE, said it filed a complaint against Min Hee-jin, the chief of its subsidiary label ADOR, which manages mega-popular girl group NewJeans, for breach of trust in business.

"The complaint (against Min) was filed today" to a police station in Seoul, a HYBE spokesperson told AFP late Thursday.

HYBE has secured "physical evidence" confirming that Min orchestrated a "plan to seize the management rights" of the subsidiary and separate from the holding company, it said in a statement sent to AFP earlier Thursday.

It also claimed in a separate statement that Min had been inappropriately "coached" by a shaman on management matters while leading ADOR.

Min, a famed super-producer, denied the accusations in a tearful news conference Thursday afternoon and claimed she has "no interest" in management rights.

"What have I done wrong? I believe my only fault is having done my job well," she told reporters.

Min's attorney Lee Sook-mi said HYBE owns an 80 percent stake in ADOR, while Min holds 18 percent, making it "unimaginable" that her client would attempt to take over the subsidiary.

Min, who cursed and cried at times during the conference, said her tensions with HYBE grew after she accused another of their subsidiaries of copying NewJeans with their girl group, ILLIT.

"To be honest, I thought they were trying to kill NewJeans," she told reporters.

"That's why I brought up the issue, with the heart of a mother, to save them. It's not merely a matter of imitation. It makes our distinct branding into something commonplace.

"It's infuriating enough when others (copy us) from the outside, but discovering it was happening inside (the company) made me even more incensed."

- Successful K-pop group -

Min said the members of NewJeans, all of whom are under 20, are distraught over the situation, claiming one of them cried for 20 minutes during a video call with her.

HYBE released a statement following Min's press conference, accusing it of being full of claims that "are not true", and urging Min to resign from her post.

"We are capable of refuting all (of Min's) claims with evidence, but have decided it is not worth responding to each one individually," it said, also requesting Min to cease discussing NewJeans.

"Given that she has proven herself unqualified to be a manager, we urge her to resign immediately for the normal management of ADOR."

Min, who joined the industry in the early 2000s, is widely regarded as one of the most successful producers in the K-pop scene, having worked with stars such as Girls' Generation, EXO and SHINee, among others.

NewJeans, produced by Min, is among HYBE's most successful K-pop groups, along with the BTS, whose members are all undergoing military service.

HYBE shares closed up 0.47 percent in Seoul Thursday.

J.Thompson--ThChM