Min Heejin, it's not a breach of duty...No police charges. Decided not to be sent
Jul 15, 2025
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Former representative Min's side filed a complaint against former representative Min Hee-jin on charges of breach of duty in April last year. As a result of the police investigation that has been conducted for more than a year, former representative Min's illegality is not recognized for the charges, and both of the cases Hive accused by the police today (July 15) were decided not to be sent 'No Charges'."
Hive filed a complaint against former CEO Min in April 2024, claiming that there were attempts by former CEO Min and Audor management to take over management rights. Former representative Min attended Yongsan Police Station in Seoul and was questioned for about eight hours.
Former representative Min said "I was investigated first because I wanted to. There was a lot I wanted to say. There is also a lot of evidence to be submitted. I feel relieved. The breach of duty is like a comedy."
Since then, Hive has requested the dismissal of former CEO Min and Adore's board members as an extraordinary shareholders' meeting agenda, and former CEO Min has filed a lawsuit against Hive to ban the exercise of voting rights. The Seoul Central District Court said, `It is clear that Min took Newzins out of Hive's control or pressed Hive to find a way to deteriorate Hive's control over Airdor and to control Airdor independentlyNot only is it hard to say that it has moved beyond the stage of seeking to implement concrete actions, but it is hard to say that former representative Min's actions can be a betrayal of Hive, but it is hard to say that it is an act of breach of trust against Adore````````````````.
However, in the end, Odor dismissed former CEO Min, who voluntarily resigned from his position as an in-house director last year and applied for a put option estimated to be worth 26 billion won.
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