According to entertainment insiders, Hybe launched an investigation...
TMIKpop@tmikpop
21 views
Sep 21, 2025
~1 min read
Advertisement
1
According to entertainment insiders, Hybe launched an investigation of Ador CEO Min Heejin and VP L on 22 Apr. Hybe audit team reportedly visited the workspace of the Ador's executives to retrieve computer assets and secure witness statements.
2
Allegedly Hybe’s audit team caught them leaking confidential contracts to attract investors and discussing ways to induce Hybe to sell its shares in Ador. Currently Hybe owns 80% of the Ador while the remaining 20% is held by Ador execs (MHJ was granted 18% last year)
3
Hybe believes that L used his position to pass insider information about Hybe to Ador. A CPA by training, L was part of the investor relations team in Hybe’s finance department and worked on Hybe’s IPO before moving to Ador earlier this year.
4
L is suspected of feeding Ador confidential documents, trade secrets and other info necessary to separate Ador from Hybe since he began at Hybe. He is reportedly referred to as Min Heejin’s right hand man.
Hybe plans to pursue legal action if necessary. m.entertain.naver.com/article/003/00…
Hybe plans to pursue legal action if necessary. m.entertain.naver.com/article/003/00…
5
Hybe confirms that they did initiate an audit against some executives due to a belief those executives were trying to take control of Ador.
yna.co.kr/view/AKR202404…
Hybe created Ador in 2021 with a capital funding of 16.1B segye.com/newsView/20240…
yna.co.kr/view/AKR202404…
Hybe created Ador in 2021 with a capital funding of 16.1B segye.com/newsView/20240…