Min Hee Jin, the former CEO of ADOR, has been caught in a meeting with the owner of the publicly traded company Davolink, along with B, the uncle of a NewJeans member. The meeting reportedly involved a proposal to invest 5 billion won in Min Hee Jin.
On December 2, Dispatch reported that Min Hee Jin had a three-hour meeting with Chairman A, the actual owner of Davolink, on September 30. B, the uncle, was said to have arranged the meeting and proposed to Chairman A, "Invest 5 billion won in Min Hee Jin."
The report showed footage of Min Hee Jin entering Chairman A’s residence in Cheongdam-dong with B. At the time, rumors had been spreading about Min Hee Jin’s possible involvement with investments from listed companies.
On November 5, she denied these rumors, claiming, “I have never met with any investors.” However, the meeting with Chairman A happened two months before her statement.
After Min Hee Jin’s denial, Davolink’s stock price fell almost 50% within hours.
Chairman A, who had been a mysterious figure up until now, gave an interview to Dispatch in which he revealed that Min Hee Jin asked him, “Can I take NewJeans with me?” He also claimed, "Min Hee Jin and B seemed to be preparing to leave HYBE."
According to Chairman A, it was B who suggested the 5 billion won investment in Min Hee Jin. At that time, Min Hee Jin was still working with ADOR but had been removed as CEO. She was lobbying to be reinstated.
Just two days after the meeting, on October 2, Davolink announced B’s appointment as a new director. However, plans hit a roadblock when Min Hee Jin publicly denied meeting with any investors a month later.
Chairman A expressed his frustration, telling Dispatch, "I have never been deceived like this before." He added that Min Hee Jin’s false statements caused Davolink to lose half of its stock value quickly.
Min Hee Jin has continued to deny any meetings with investors or discussions about investments. She has also rejected rumors involving the families of NewJeans members.
Still, the photos of her with an investor and a family member of a NewJeans member are expected to cause a lot of controversy.
Additionally, Dispatch reported that Min Hee Jin may have known about a NewJeans live broadcast on September 11.
The report shared records of conversations about the broadcast, which involved NewJeans' family members. It also suggested that the live broadcast, where NewJeans members showed support for Min Hee Jin’s return, was planned in advance.
On October 8, just a day before NewJeans' Hanni was set to testify at a National Assembly audit, Min Hee Jin was seen meeting with Hanni.
TV Daily reached out to Min Hee Jin for a comment but has not received a response yet.
Source: [1]
