At the adore board meeting held at the Hive headquarters in Yongsan-gu, Seoul, the issue of returning former CEO Min Hee-jin as CEO failed to pass the voting threshold due to opposition from the majority of participants. The board of directors convened at the request of former representative Min.Former representative of
Min applied for a provisional injunction to the effect that the inside directors should approve the appointment of the CEO, but the court decided to dismiss it the day before.
The board's agenda was expected to be rejected unless the court accepted the provisional injunction, as Hive's personnel account for the majority of the five members of the board of directors.Former representative of
Min is expected to protest the board's results. He maintains that there is no violation of the contract between shareholders and that the contract is still valid and that the CEO position should be given.
Meanwhile, former CEO Min appeared on Kim Young-dae's YouTube channel "School of Music" the previous day and said, "I never tried to leave the company as they (Hive) claimed," adding, "I was constantly suffering from a strange frame and was framed, so I had to reveal my innocence." Everything started with lies from the beginning," he said, expressing his unfairness.
Reporter Lee Yu Na from Digital News Team.
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