UPDATE: MIN HEEJIN Met With FinTech Company Dunamu

source: https://n.news.naver.com/article/366/0000993168?

According to sources in the investment banking and legal communities, CEO Min met with Dunamu Chairman Song Chi-hyung and Naver officials to propose a takeover of Ador. During these meetings, CEO Min reportedly urged Chairman Song and others to "pressure HYBE to abandon Ador."

Dunamu, holding a 5.6% stake in HYBE, is the third-largest shareholder and has the right to nominate directors. The details of CEO Min's interactions with Naver and Dunamu emerged during HYBE's audit of CEO Min. It was found that CEO Min had illegally downloaded HYBE's trade secrets, including settlement details for each artist and regional income data.

During the audit, HYBE accessed CEO Min's computer and discovered KakaoTalk chat logs revealing her communications with Naver and Dunamu. The logs included statements such as "Song Chi-hyung doesn’t understand what I’m trying to say" and "Naver still only gets it a little better."

CEO Min, who controls only 20% of Ador, needed support from external investors to gain management control. Despite these findings, CEO Min has claimed she never met with any investors to discuss taking over management.

ABOUT DUNAMU

Dunamu is a South Korean fintech company best known for operating Upbit, one of the largest cryptocurrency exchanges in South Korea and the world. Founded in 2012, Dunamu has expanded its services to include financial technology, blockchain, and data analytics. The company plays a significant role in the cryptocurrency market, providing a platform for trading various digital assets. Dunamu's influence and reach in the financial technology sector make it a key player in South Korea's rapidly growing digital finance industry.

The largest shareholder of Dunamu is its founder and Chairman Song Chi-hyung, who owns a 26.31% stake. The second-largest shareholder is Kim Hyoung-nyon, co-founder and executive vice president, with a 13.51% stake. Other notable shareholders include Kakao, which owns approximately 7.63% of Dunamu through direct and indirect holdings, making it the fourth-largest shareholder​

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UPDATE:

Dunamu and Naver allegedly admitted meeting with Min Heejin:

https://n.news.naver.com/article/366/0000993168?