- Min Hee-jin vs HYBE, Entering a Legal Battle! The Core Issue: 'Breach of Duty of Loyalty'
- In the legal dispute between Min Hee-jin and HYBE, the key issue is whether breach of duty of loyalty occurred, which will determine the amount of money Min received from the sale of her shares.
The public, after watching Min Hee-jin's press conference, empathized with the identity of K-office workers who had done nothing wrong but work hard.
However, the opinions of ordinary employees at Min's current workplace, HYBE, and her former workplace, SM Entertainment (SM),
are receiving renewed attention, posted on 'Blind,' a workplace community site.
Differences in Perspective: Public vs. Employees
Public : Min Hee-jin = 'Independent fighter' who exposes organizational issues (Positive image of Min Hee-jin)
Employees : Min Hee-jin = 'Whistleblower' (Negative image of Min Hee-jin)
HYBE Employee (A)
“Is plotting a coup d'état through KakaoTalk considered a private conversation? Do they think it's okay because it's a private conversation? They seem to think they can get away with it by claiming it's just casual talk and private chats.”
“Creating a secret document and archiving it? (Archiving valuable records left by individuals and organizations during their activities) That's the most absurd thing I've heard so far… Anyone who keeps a record of private conversations and stores them?”
Main Points of Contention
Min Hee-jin: Claims that HYBE neglected NewJeans' promotion (Allegation of discrimination)
HYBE Employees: Claim that the headquarters has never discriminated against NewJeans (Denial of discrimination)
- NewJeans Promotion Issues
(B) Promotion materials were thrown at HYBE employees 3 days before launch, creating a heavy workload.
"How are we supposed to provide promotional support when they didn't even tell us when, under what group name, and with what promotion they would be debuting, claiming it's all confidential information?"
- Self-Centered Attitude
(C) "Everyone is being blamed as if ADOR was ostracized, and they're being called Cinderella and the Stepsisters. But to be precise, she was a voluntary outsider."
"She acts like a victim, portraying herself as if she single-handedly achieved everything good, taking all the credit."
(D) "She prevents artists from speaking up and is cutting ties with HYBE, isn't she?"
(E) "She may have exceptional talent in a specific area, but her empathy or awareness of common objectivity seems to be lacking to the same extent."
(G) "She never spoke to her team members or staff. Her ego is severe. It's no wonder she's being treated like a hero."
- Distortion of Truth
(F) "Even looking at the press conference and the statements she's released, aside from HYBE, doesn't she lack any acknowledgement or gratitude towards the members of ADOR?"
(E) "The reality is that truth and falsehood are mixed, but she might genuinely believe she hasn't done anything wrong. That's where the sincerity comes from. Some of the public has been swayed by this sincerity."
HYBE Employee: “Who will know about our suffering?”
SM Employee: “I understand. Hang in there. We went through the same thing.”
SM Employees' View of Min Hee-jin: 'She only cares about herself and disregards others'
It seems that there were SM employees who felt uncomfortable with Min's leadership style.
- Authoritarian and Dogmatic Leadership
(A) "She seemed to be someone whose spirit couldn't be crushed by publicity stunts."
(B) "She only cares about herself and considers her own things superior. She's incredibly hypocritical."
- Self-Centered and Inconsiderate Behavior
(B) "She disregarded others' work or tasks without any regard for their personal circumstances."
Opinions from Industry Peers - 'How can someone who earns 100 billion won be a slave?'
A Kakao Entertainment employee stated that Min Hee-jin is neither a weak person nor a particularly righteous individual,
but that she's identifying herself with a hardworking 'slave' who receives unfair treatment and earns 3 million won a month, and that
she's expertly using gaslighting tactics. This opinion received the most empathetic comments.
Min Hee-jin and HYBE's Conflict: The Core Issue is 'Money' 💰
Min Hee-jin is involved in a dispute with HYBE, claiming that the compensation she receives is insufficient.
However, HYBE claims that they have provided Min with a high level of compensation compared to other employees.
Furthermore, they stated that they enabled Min to gain additional billions of won through the ADOR stock purchase put option.
Financial Compensation
Min received a 2 billion won incentive in addition to her annual salary last year.
HYBE's CEO, Park Ji-won, received a 1 billion won incentive. HYBE's revenue is over eight times that of ADOR's.
Based on objective financial indicators, it's difficult to conclude that Min was financially mistreated.
ADOR Stock Purchase Put Option
HYBE offered Min a put option to purchase her 18% stake in ADOR at 13 times the annual operating profit of ADOR.
This means that Min can sell her shares at a price 13 times higher than their actual value.
Currently, the estimated amount Min can receive from HYBE is over 100 billion won.
Based on these calculations, Min stated in the press conference that "she could earn 100 billion won by doing nothing."
However, HYBE claims that the actual amount Min is demanding is 300 to 400 billion won.
💬 There were almost no positive opinions about Min Hee-jin on Blind.
Employees criticize Min for attributing NewJeans' success solely to her own efforts.
They also pointed out that her explanations regarding HYBE's alleged breach of trust and attempted takeover were insufficient.
Is this a dispute between a company that doesn't want to pay much and an employee demanding legitimate compensation,
or is it a conflict between a greedy employee and a company claiming unfair treatment?
Only time will tell.
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