The Prague Post - BTS agency files complaint against subsidiary head over breach of trust

EUR -
AED 4.193908
AFN 74.217931
ALL 93.86116
AMD 419.477829
ANG 2.044296
AOA 1047.038219
ARS 1698.960696
AUD 1.641236
AWG 2.055254
AZN 1.945606
BAM 1.953752
BBD 2.300428
BDT 140.774868
BGN 1.930661
BHD 0.430542
BIF 3408.296434
BMD 1.141808
BND 1.474367
BOB 7.905687
BRL 5.836241
BSD 1.142123
BTN 108.801878
BWP 15.445994
BYN 3.264905
BYR 22379.433872
BZD 2.297102
CAD 1.618456
CDF 2578.20254
CHF 0.922937
CLF 0.026823
CLP 1055.670318
CNY 7.737975
CNH 7.744055
COP 3714.997441
CRC 519.559808
CUC 1.141808
CUP 30.257908
CVE 110.645627
CZK 24.262051
DJF 202.92254
DKK 7.477671
DOP 67.028555
DZD 152.153406
EGP 56.663021
ERN 17.127118
ETB 181.975672
FJD 2.54989
FKP 0.850736
GBP 0.851968
GEL 3.020128
GGP 0.850736
GHS 13.090873
GIP 0.850736
GMD 83.927274
GNF 10022.222803
GTQ 8.714939
GYD 238.922636
HKD 8.950918
HNL 30.69755
HRK 7.536507
HTG 149.47459
HUF 356.004712
IDR 20644.513933
ILS 3.437874
IMP 0.850736
INR 109.079359
IQD 1495.19738
IRR 1569700.343007
ISK 143.457179
JEP 0.850736
JMD 180.461582
JOD 0.809587
JPY 184.602971
KES 147.525915
KGS 99.849731
KHR 4575.799296
KMF 493.261391
KPW 1027.627465
KRW 1711.650332
KWD 0.353459
KYD 0.951752
KZT 538.440178
LAK 25757.476713
LBP 102248.893419
LKR 383.188239
LRD 207.242432
LSL 18.62864
LTL 3.371462
LVL 0.690669
LYD 7.313324
MAD 10.670239
MDL 20.071901
MGA 4904.065114
MKD 61.655684
MMK 2397.302502
MNT 4094.751582
MOP 9.221747
MRU 45.741255
MUR 53.756746
MVR 17.641363
MWK 1983.32063
MXN 19.945218
MYR 4.647589
MZN 72.96578
NAD 18.634735
NGN 1573.320304
NIO 41.859106
NOK 11.169854
NPR 174.072343
NZD 1.981274
OMR 0.439389
PAB 1.142108
PEN 3.873588
PGK 5.001546
PHP 70.160711
PKR 317.594281
PLN 4.327509
PYG 6943.78048
QAR 4.160181
RON 5.237591
RSD 117.289972
RUB 87.947546
RWF 1672.748501
SAR 4.286192
SBD 9.189935
SCR 16.812962
SDG 685.659811
SEK 11.091778
SGD 1.476248
SHP 0.852475
SLE 27.803445
SLL 23943.143907
SOS 652.547368
SRD 42.943969
STD 23633.117206
STN 24.72014
SVC 9.993653
SYP 126.206417
SZL 18.634726
THB 38.008543
TJS 10.570656
TMT 3.996327
TND 3.376901
TOP 2.7492
TRY 53.647275
TTD 7.759932
TWD 36.667451
TZS 3002.958116
UAH 50.811249
UGX 4202.667251
USD 1.141808
UYU 46.052321
UZS 13733.098053
VES 809.320716
VND 29992.437715
VUV 137.351701
WST 3.152475
XAF 655.275703
XAG 0.019075
XAU 0.000278
XCD 3.085793
XCG 2.05846
XDR 0.814279
XOF 654.256277
XPF 119.331742
YER 270.694139
ZAR 18.789093
ZMK 10277.644917
ZMW 20.587505
ZWL 367.661662
  • CMSC

    0.0650

    22.085

    +0.29%

  • NGG

    0.2700

    82.59

    +0.33%

  • GSK

    0.3100

    52.78

    +0.59%

  • BTI

    -0.0151

    60.02

    -0.03%

  • BCE

    0.0600

    21.38

    +0.28%

  • BP

    0.6500

    39.2

    +1.66%

  • RIO

    1.0500

    90.54

    +1.16%

  • RBGPF

    0.3500

    67.35

    +0.52%

  • RYCEF

    0.3800

    19.46

    +1.95%

  • AZN

    -6.8800

    171.61

    -4.01%

  • CMSD

    0.0700

    22.38

    +0.31%

  • VOD

    1.6400

    14.72

    +11.14%

  • JRI

    -0.0200

    13.01

    -0.15%

  • BCC

    3.8200

    76.06

    +5.02%

  • RELX

    0.3700

    32.44

    +1.14%

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.

R.Krejci--TPP