I took a look into this.
the article is from april 2024. Her "complaining" looks planned. She had no issues whatsoever before, until her and NewJeans's open stupidity and criminality started.
"What do you do to give me 1 trillion won?" ...'Hive Incompetent' Sniper Min Hee-jin [Kim Ik-hwan Company Watch]
Korean Economy Original text Article delivery 2024-04-29 06: 02 Last modified
2024-04-29 07: 08
Min Hee-jin, Hive Management·M&A Criticism
1st article acquired Ithaca 'Snowball Loss
" " I'm trying to kill Adore."
This article was published on Market Insight on April 26 at 14:16.
At the Korea Conference Center, Seocho-gu, Seoul, on the 25th, a representative of Adore Min Hee-jin, a member of the Group New Jin, said: "We are not going to be able to do this." Ship in connection with attempted takeover of Hive management rights Katok shared with the chairman of the hive, Bang Si-hyuk, during an emergency press conference on his suspicions. We are disclosing./ Photo=News 1
"I bought a ridiculous company that didn't make an operating profit for $ 1 trillion. What are you doing?"
Min Hee-jin Adore Representative (photo)shared with Hive Park Ji-won representative on the 25th KakaoTalk contents have been released. Mr. Min's strategy for mergers and acquisitions with Hive's management is here Acrimoniously criticized. Acquired Ithaca Holdings, a U.S. record company, for $ 1 trillion Placed and increased the intensity of criticism. Ithaca Holdings has made a lot of losses since the acquisition, resulting in Hive entrepreneurial value The assessment that it is undermining is dominant.
Min had a kakaotalk conversation with Park at a press conference the previous day Public. He told Park, " It's ridiculous that I don't have an operating profit like Ithaca. He said,"When are you going to buy a company for 1 trillion won and pick it for 1 trillion won?".
Hive will launch Ariana Grande in 2021 through Hive America, a 100% subsidiary of Hive America Ithaca Holdings, an American label affiliated with famous singers such as Justin Bieber It was bought for KRW 1.515 trillion. Hive America reported revenue of KRW 226.4 billion and net loss of KRW 142.4 billion last year Recorded. The company's net loss blew more than twice compared to the previous year(KRW 70.1 billion).
U.S. hip-hop label 'QC', acquired last year, has suffered a net lossMedia Holdings ' influence also worked. Hive America acquired 100% stake in QC Media Holdings last year for KRW 314 billion. Hive America's deficit this year is also reflected in the QC Media Holdings deficit It is estimated that it blew twice as much.
Min then criticized the Hive executives who led Ithaca. "I'm not the one who led the Ithaca acquisition," Min said.. I know you don't know that you signed the acquisition agreement and you all did it together."Revenue I know what the company and minus I know what the affiliate business is"He said.
Ithaca Holdings also compared the performance of Adore, which he belongs to. Ithaca Holdings, etc., are making a deficit, and Newzins, Inc., is a company that is affiliated with Adobe. Last year, it earned KRW 110.3 billion in sales and KRW 33.5 billion in operating profit. Net profit was KRW 26.5 billion. Operating income and net income both turned into surpluses.
The previous day, Min said, " The company that profits from the Hive and the affiliates that make negative payments "I know what business is, "he said," And I'm trying to kill a good company. It is against the interests of shareholders." Hive is undermining the value of Adobe's surplus.
Min then criticized Park's salary. He said, " A person who has received a lot of negative performance has received KRW 1 billion"He criticized. Park won 1.5 billion in salary(KRW 900 million)and bonuses(KRW 600 million) last year Received. Adore executives, including Min Ceo, received stock compensation last year, etc. Received KRW 4.8 billion.
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![What do you buy to give 1 trillion won ... 'Hive incompetent' Sniper Min Hee-jin [Kim Ik-Hwan's Company Watch]](/proxy.php?image=https%3A%2F%2Fthumbnews.nateimg.co.kr%2Fview610%2F%2F%2Fnews.nateimg.co.kr%2ForgImg%2Fhk%2F2024%2F04%2F26%2FZN.36527284.1.jpg&hash=f82e540421e2260977889fdc967f4476 "What do you buy to give 1 trillion won ... 'Hive incompetent' Sniper Min Hee-jin [Kim Ik-Hwan's Company Watch]")
