HYBE Corp., the biggest corporation in the South Korean pop music scene, has begun an audit into ADOR, the label responsible for K-pop act NewJeans. HYBE says that executives at the majority-owned subsidiary mya be attempting to break away from the conglomerate.
“HYBE invoked the right to audit CEO Min Hee-Jin and top executives of its subsidiary label ADOR, called them to summon a shareholder meeting and sent an official letter to ask CEO Min to step down,” HYBE said in a statement emailed to Variety.
Media sources in Korea have reported that the audit targets Min and one of her deputies and that computer assets have been seized
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