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K-pop: Individual Cognition Theory

Joseph Hwang 1. Individualization of Value If I were to be asked to provide a concise definition of art that is grounded in the human senses, I would suggest that the key elements are "look (visual perception)" and "storytelling (narrative)." Any entity must exist in a cognizable form to communicate with other living beings. This form can be described as "appearance," while the narrative provides a temporal dimension, thus giving the entity life. It is only through the medium of life that art can create meaning; through this same medium, the message of that meaning can be conveyed.  It was previously stated that the economic value of each musical composition is unique. Similarly, the financial value of the artist who performs and delivers that music is also variable. Since music is an aural phenomenon, it lacks a visual representation. However, the artists who create and perform music possess a visual identity. Each artist possesses a distinctive appearanc
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Posted by Joseph Hwang

Min Hee-Jin's Provisional Disposition Granted and the Story Behind 1.

Joseph Hwang


The Court of the Republic of Korea granted Min's request to retain her position as CEO of ADOR beyond HYBE's counterclaims on May 30, 2024. The reason for granting Min's request is that although her behavior was a betrayal against HYBE, it did not reach the crime of occupational breach of trust against ADOR. Thus, the court has ordered the restriction of the voting right to remove the director when the extraordinary shareholders meeting of ADOR is coming on May 31, 2024. If HYBE violates this order of the court to keep the obligation to prohibit the voting right of removal of the director, the court's decision has included that HYBE shall pay approximately USD 14.4 million (KRW 20 billion) to Min as compelling compliance.


However, the court's decision does not mean that Min's other directors of ADOR are affected by this order. This decision only applies to Min, not her directors, who have no rights to retain their positions contracted with any shareholders of ADOR.


Therefore, on May 31, 2024, HYBE as the largest shareholder of ADOR removed Min's directors and replaced its recommended three new directors in ADOR at the extraordinary shareholders' meeting.


Min stands for the obstacles to the management rights of ADOR and the new directors who are represented by HYBE the largest shareholder will try to control and conduct supervision by the board of directors of ADOR.


After all, HYBE's stance should be concentrated on proving that Min's betrayal admitted by the court's decision illegally violated the criminal law as an occupational breach of trust in a criminal lawsuit.


Well, this is just the beginning.



* References and quotations:

https://www.mk.co.kr/en/society/11029022

https://v.daum.net/v/20240531145845959

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