HYBE Corporation can’t fire Min Hee Jin without paying her huge load of cash, because of a major success in court. This ruling makes it extreme for HYBE to relinquish Min Hee Jin from her President work at ADOR without giving her a powerful payout.
Court Made a Major Decision
In the most recent news about the battle in court between ADOR President Min Hee Jin and HYBE Cooperation, the court has made a major choice for Min Hee Jin. The court supported a decision that stopped HYBE from firing her unless they paid her a huge amount of cash: 20 billion KRW (around 14.5 million USD).
This is a significant success for Min Hee Jin, which implies she can’t be terminated without getting a huge sum of money. The court’s choice highlights the significance of protecting executives from sudden and unreasonable dismissal.
Moreover, the court decided that HYBE should pay for Min Hee Jin’s lawful costs. This guarantees she isn’t troubled by the expense of the legitimate battle, perceiving that fights in court can be costly and unjustifiably strain people against large companies.
The battle started with inside conflicts at HYBE, a main organization in the entertainment industry. Min Hee Jin, who assumed an essential role in the organization’s prosperity, conflicted with the top administration, prompting this high-profile, lawful case. The court’s decision upholds Min Hee Jin as well as sets a significant model in the corporate world, accentuating fair treatment and legitimate security for leaders.
This choice could affect how different organizations handle comparative issues with their exutives. It could likewise empower different leaders in comparative circumstances to look for legal assistance, realizing that the courts can provide security and fair pay.
Netizens Reaction
A netizen shared a piece of the legal document saying, “If such is the case, the creditor’s petition is acknowledged within the recognized scope and duly cited, while the remaining petitions are dismissed for lack of justification. Concerning the allocation of litigation expenses, taking into account the circumstances leading to the initiation of this case’s petition, the debtor is hereby deemed responsible for the entirety of said costs.”
“Some netizens on Theqoo think the legal fees amounted to 2 billion KRW (~1.5 million USD), but that’s assuming Min Hee Jin spent it all on attorney incentive fees. The actual litigation costs are said to be less than 10 million KRW (7,284 USD). I brought this up because they were being too petty.”
