Written by 11:26 AM Economics

Meritz Securities: “Replacing the CEO Is Positive for Separating Production and Management”

[Meritz Securities Report],

Former CEO Min Hee-jin of Adoer. Photo=Reporter Kim Gyu-bin

Former CEO Min Hee-jin of Adoer. Photo=Reporter Kim Gyu-bin,
, ‘[Seoul Economy]’,
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, ‘Meritz Securities assessed on the 28th that the replacement of the CEO of Adoer was positive in terms of enhancing the multi-label system by separating production and management.’,
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, ‘On the 27th, Adoer announced that they appointed Kim Ju-young, Adoer’s internal director (CHRO·Chief Human Resources Officer) as the new CEO at a board meeting. The side of former CEO Min Hee-jin criticized it as a unilateral dismissal unrelated to any decision-making.’,
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, ‘Kim Min-young, a researcher at Meritz Securities, pointed out, “It is difficult to see it as a complete risk resolution as disputes may continue due to additional lawsuits, and the key lies in the court’s judgment.”‘,
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, ‘Adoer has notified Min, the former CEO, of the termination of the shareholders’ agreement and filed a lawsuit to confirm the termination of the shareholders’ agreement with the court last month.’,
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, ‘Kim, the researcher, forecasted, “If the shareholders’ agreement is terminated, the market fatigue and risks related to the multi-label system that have been highlighted since the beginning of the year will be resolved.”‘,
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, ‘The CEO change comes about four months after the conflict between Adoer’s parent company, Hive, and former CEO Min Hee-jin emerged in April. Although Min stepped down as CEO, he will retain his position as Adoer’s internal director and continue his New Jin’s producing business.’,
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Kim Ju-young, Adoer's internal director (Hive CHRO·Chief Human Resources Officer) appointed as the new CEO.

Kim Ju-young, Adoer’s internal director (Hive CHRO·Chief Human Resources Officer) appointed as the new CEO.,
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