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JYP Entertainment Corporation
Native name
JYP 엔터테인먼트
Company typePublic
KRX:035900
Industry
Genre
FoundedApril 25, 1997;27 years ago(1997-04-25)
FounderJ. Y. Park
HeadquartersGangdong,
Seoul
,
South Korea
Area served
Worldwide
Key people
Jimmy Jeong (CEO)
Services
  • Artist management
  • Concert production company
  • Event management
  • Music production
  • Music publishing company
  • Record distribution
RevenueIncrease₩566 billion (US$494.78 million) (2023)[1]
Increase₩105 billion (US$91.79 million) (2023)[1]
Owner
  • J. Y. Park (15.37%)
  • JYP Entertainment Corporation (6.75%)
  • Others (77.52%)[2]
Number of employees
385[1]
DivisionsSeebelow
Websitewww.jype.comEdit this at Wikidata
Footnotes / references
[3][4][5]

JYP Entertainment Corporation(Korean:JYP 엔터테인먼트) is a South Koreanmultinationalentertainmentandrecord labelconglomeratefounded in 1997 byJ. Y. Park.Operating as a record label, talent agency, music production company, event management company, concert production company and music publishing house, it is one of the largest entertainment companies in South Korea. The company also operates subsidiary ventures and divisions internationally.

History

1997–99: Formation and first generation K-pop artists

Park Jin-young, founder of JYP Entertainment
Park Jin-young,founder of JYP Entertainment

JYP Entertainment was founded in 1997 by South Korean singer-songwriterPark Jin-young,named after his stage name, J. Y. Park, asTae-Hong Planning Corporation,which eventually retitled asJYP Entertainmentin 2001. In 1997, the company signed its first artist –Pearl.

In 1999, entertainment companySidusHQintroduced the future members of boy bandG.o.dto Park, as their producer and mentor. In cooperation with SidusHQ, JYP Entertainment oversaw the formation of g.o.d, which would make their debut appearance on January 13, 1999.[6]The group was managed by SidusHQ, with their first album,Chapter 1,being produced by Park.[7]

2000–09: Early success and second generation K-pop artists

In December 2000, JYP Entertainment signedRainas a trainee, who made his debut two years later in May 2002.[8][9]Rain would then rise to become a commercial success throughout and beyond Asia,[10]which was seen when his third studio album,It's Raining,went on to record cumulative sales of over 1 million copies in seven Asian countries, including South Korea.[11]

On December 27, 2002, the company's first boy group was a four-member vocal oriented groupNoelwhich failed to attract popularity. The company then turned its focus towards the duo brothersOne Twoin 2003. In 2004, after the boy bandg.o.d's group contract with SidusHQ ended, they signed a contract with JYP Entertainment.[12]

g.o.dhas won four Grand Prizes for Best K-pop Group Artist.

Other notable artists that debuted under JYP Entertainment, from the years 2000 to 2005 includePark Ji-yoon,Byul,Lim Jeong-hee,Ryanga Rhanga[ko],andIvy. In May 2006, the company formed its first girl group,Wonder Girls,[13]who became a commercial success and was the first South Korean group to enter theBillboardHot 100in 2009, with their song "Nobody".[14]Their success lead to a management deal with theJonas Group,which led the group to open theJonas Brothers'world tourin select cities.[15]

In 2007, Rain left JYP Entertainment and established his own agency calledJ. Tune Entertainment.[16]

Wonder Girlsin 2008. The first South Korean group to enter theBillboardHot 100.[14]

In 2008, the competitive reality seriesHot Blood Menwas created, pitting two teams of male trainees against each other for the chance to debut. The winning group, One Day, was later split into two boy bands,2PMand2AM.Both debuted in the same year.[17]2AM was jointly contracted withBig Hit Entertainment.[18]Later in October, the JYP Beijing Center was opened, as the company's China branch. In that same year, theCreative Artists Agencyincluded JYP Entertainment in its roster of high-profile clientele.[19][20]

Expanding its endeavors into the drama production industry following in the footsteps of SM Entertainment Group'sSM C&Cand CJ E&M'sStudio Dragon– JYP Entertainment jointly established the television drama production company Holym with Key East Entertainment in June 2009.[21]Holym later announced its first major television drama production,Dream High,in 2010.[22]

2010–17: Joint ventures and third generation K-pop artists

In March 2010, JYP Entertainment made a joint venture withSM Entertainment,YG Entertainment,Star Empire Entertainment,Media Line, CAN Entertainment and Music Factory Entertainment to establish KMP Holdings, the official distributor of releases from these companies.[23]On December 28, 2010, JYP Entertainment became the largest shareholder ofJ. Tune Entertainment.[16][24]The subsidiary AQ Entertainment was later formed and introduced the Chinese-Korean girl groupMiss A.

Miss Ain 2013. The first act to have their debut song reach atop theGaon Digital Chart.[25]

In November 2011, the American based subsidiary JYP Creative was established. Park invested approximately US$1.2 million in the branch. After a year of operation, the company saw a net loss of around US$1.5 million by the end of 2012, leading to the liquidation and closure of the branch, including the New York branch.[26]The same year,Park Jimin,winner of the competitive TV seriesK-pop StarandBaek Yerin,a female trainee and contestant on the showStar King,debuted as the duo15&.[27][unreliable source?]

In 2012, JYP Pictures signed a contract with China Eastern Performing Arts Group to co-produce a movieHold Your Hand,featuring actors who were signed to JYP Entertainment.[28]

Got7in 2019.

On June 20, 2013, the merger plan for thepublicly listedJYP Entertainment and thenon-listedJYP was announced.[29][30]The merger was approved on October 17.[31]Miss A andBaek A-yeon,also joined JYP Entertainment due to the merger.[32][33]On August 25, 2013, JYP EntertainmentKeyEastEntertainment reached an agreement to terminate their joint production enterprise, Holym.[34][unreliable source?]On November 17, 2013, the company partnered withSmilegateto promote the video game gameCrossfire,with2PMandMiss A.[35]

In January 2014, the seven talent agencies behindKMP Holdingsformed a collective bond partnership and bought 13.48% ofKT Music's stocks, leavingKT Corporationwith 49.99%.[36]In the same month,Got7,made their debut.[37][38]2AM's joint contract ofBig Hit Entertainmentwith JYP Entertainment later in April ended, after three of the 2AM members returned to JYP Entertainment, and memberLee Chang-minstayed with Big Hit Entertainment, to continue his career and as part of the duoHomme.[18]In August, JYP Pictures and Dongyang World Culture Communication produced the dramaDream Knight,starring Got7 members.[39]Season threeK-pop StarwinnerBernard Parksigned a contract with JYP Entertainment to start his solo career, and making his debut on October 6.[40]On December 17, J.Y. Park sold the company's headquarters building inCheongdam-dong,Seoul to Choi Ki-won, for approximately $7 million, on the term that JYP Entertainment will still use the building for three years on rent.[41][42]

The success ofTwiceled JYP Entertainment to become the largest South Korean entertainment company.[43][44]

The subsidiaryStudio Jwas formed on January 9, 2015, in line with JYP Entertainment's goal to "promote free and deep artists that create authentic music rather than appealing to the mainstream demand." The first artist on Studio J's roster wasG. Soul,who debuted on the same day.[45][46]In March, 2AM membersSeulongandJinwoondeparted from the company, because of their contract expiration, whileJo Kwonrenewed his contract. The company stated 2AM remained intact and would be promoting as a group.[47]On April 15, the company signed a contract with Jax Coco, a Hong Kong-based coconut product company. Both companies planned to launch coconut oil, coconut flakes, and other related products at major department stores and supermarkets in South Korea.[48]In September, rock bandDay6debuted.[49]In October, girl groupTwicedebuted. The members of the group were chosen from the competitive reality showSixteen.[50]

In February 2016, JYP Entertainment established a music distribution partnership with China Music Corporation.[51]It was followed by JYP Entertainment jointly establishing Beijing Xin Sheng Entertainment Co. Ltd. withTencent Musicin the same year,[52]which oversaw the debut of the Chinese boy bandBoy Story.[53]Got7memberJackson Wangalso announced his solo endeavors in the country.[54]

In July 2017, JYP Entertainment acquired a property worth 20.2 billion KRW inSeongnae-dong,Gangdong District,Seoul to be used as its new office.[55]A partnership withDailymotion,Europe's largest video platform, was signed to open its artist channel on its platform to secure a more global fan base.[56][57]

2018–present: Further success and fourth generation K-pop artists

Stray Kidsis the first dance oriented group to produce their own music since their debut from JYP.

On January 31, 2018, JYP Entertainment entered into a music business agreement with SM Entertainment,Big Hit Entertainment,andSK Telecomto launch a new music platform Flo, which will utilize various new technologies such as artificial intelligence and 5G networking. SK Telecom affiliateIriver Incwould be responsible for handling the music distribution.[58][59][60]In the first half of 2018, JYP Entertainment became the second largest entertainment company in South Korea, mainly due to the success of Twice and Got7.[61][43] On March 26, a new boy group calledStray Kidsdebuted, named after the 2017 reality show of the same title.[62]In May, the company became the sole South Korean entertainment company to rank inFinancial Timesmagazine's "FT 1000: High-Growth Companies Asia-Pacific" list.[63]On August 30, the company's shares closed at 31,300 KRW, pushing the company's market capitalization to 1.09 trillion KRW.[44]

Itzyin their 2019 debut showcase.

On January 21, 2019, JYP Entertainment announced its next girl group,Itzy.The group released their debut single album,It'z Differentin February, featuring the single "Dalla Dalla".[64]On January 24, the programSuper Internpremiered on Mnet, which featured the intern process at JYP Entertainment, with the goal of turning the interns into permanent marketing management staff.[65]The show started to air on Mnet on January 24. On January 29, plans of creating a Japanese girl group, under their vision "JYP 2.0: Globalization By Localization" was announced.[66]On the season finale ofNizi Project,the line-up for the new girl group,NiziU,was revealed. The group is a partnership withSony Music Entertainment Japan,for its activities in Japan.[67][68]The group made their debut on December 2, 2020.[69]On March 11, 2019, JYP Entertainment made a partnership with Sony Music Entertainment'sThe Orchard.JYP Entertainment would distribute both digital and physical releases to key markets in the internationally through The Orchard in order to "expand the label's presence around the world."[70]On June 8, Fanling Culture Media traineeYao Chenplaced 5th in the finale ofProduce Camp 2019has made the final lineup of project groupR1SE.The group made their debut on the same day.[71]On June 17, JYP andMake-A-Wish Koreasigned a memorandum of understanding to help support children's wishes under JYP Entertainment's "Every Dream Matters!" campaign as part of theircorporate social responsibility.Under the agreement, the company would be carrying out various social responsibility activities with its artists, employees and fans in order to support campaigns and initiatives for children with incurable diseases.[72]On July 24, JYP Entertainment announced the closure of their acting division and some of their actors would be moving to Npio Entertainment, a start-up company created by JYP Entertainment Vice President – Pyo Jong-rok. ActorsJang Hee-ryung,Park Si-eunandRyu Wonleft the company.[73]

On January 6, 2020,Shinhan Cardcollaborated with JYP Entertainment to release four "JYP Fan's EDM Check Cards" – JYP, Got7, Day6 andTwice.Certain percentages of the amount used when making payments using the check cards were to be donated to Make-A-Wish Korea.[74]On February 24, Twice was signed underRepublic Recordsfor American promotions.[75]On August 4, a collaboration with SM Entertainment to establish Beyond Live Corporation, a joint company for virtual concerts was announced.[76][77]On November 17, JYP Entertainment invested 5 billion KRW inNaver Z,the developer of the online avatar app Zepeto.[78]

On January 10, 2021, all members of Got7 left JYP Entertainment upon the completion of their 7-year contract.[79]On April 26, JYP Entertainment andP Nationannounced to form their new boy group inLoud.It premiered on June 5 onSBS.[80]On July 12, the second season ofNizi Projectwas announced as a Global Boys Audition.[81]On November 1, JYP Entertainment announced its new rock bandXdinary Heroes.The band released their debut single "Happy Death Day"on December 6.[82][83]

On January 26, 2022, JYP Entertainment announced the new girl groupNmixxfor a February 22 debut, with their debut single album,Ad Mare.[84]On February 10, JYP Entertainment expanded their partnership withRepublic Records,after Twice's success in the U.S. Republic signed both Stray Kids and Itzy under the label for promotions.[85]In April, the market cap of JYP Entertainment had rose from 1.33 trillion KRW in the previous year to 2.24 trillion KRW, an increase of 1 trillion KRW in the first three months of 2022. TheKorea Exchangereported that the company's stock prices soared to 66,200 KRW on April 8, surpassing its record and marking the first time that JYP Entertainment has entered the 60,000 KRW range since its listing in August 2001.[86]On July 12, all members of Twice renewed their contracts with the company.[87]On September 26, all members of Day6 renewed their contracts with the company.[88]

In 2023, the competition showA2Kand the second season ofNizi Projectboth aired.A2Kled to the formation ofVcha,the group is a joint venture between JYP Entertainment and Republic Records. In the second season ofNizi Project,it concluded with the line up of NEXZ - the group is a joint venture with Sony Records Japan.[89]Both groups released their debut single in 2024.[90][91]

Joint ventures

Music distribution

JYP Entertainment's records are distributed worldwide byThe Orchardsince March 2019.[92]

KMP Holdings and KT Music

Further information:KT MusicandKMP Holdings

In March 2010,KMP Holdingswas established via ajoint venturebetween JYP Entertainment, SM Entertainment, YG Entertainment, Star Empire, Media Line, CAN Entertainment and Music Factory Entertainment. KMP Holdings was acquired by KT Music in November 2012, and in June 2013, KT Music absorbed KMP's distribution network. In January 2014, the seven talent agencies behindKMP Holdingsformed a collective bond partnership and bought 13.48% ofKT Music's stocks, leavingKT Corporationwith 49.99%.[36]

United Asia Management

In 2011, JYP Entertainment joined forces with SM Entertainment, YG Entertainment,KeyEast,AMENT and Star J Entertainment to form United Asia Management in an effort to promote Korean pop music internationally.[93]

FLO

On January 31, 2018,Iriver Incannounced its entry into the South Korean music industry. Together with parent company SK Telecom and music labels SM Entertainment, JYP Entertainment andBig Hit Entertainment,the company launched a new online music store, FLO, in the second half of 2018.[94]

Beijing Shinsung Entertainment

On April 5, 2017, Ocean Music and JYP Entertainment jointly established the Beijing Xin Sheng Entertainment Co., Ltd. for indoor recreational facilities operation, organization of cultural and artistic exchanges, film and television planning, and other aspects of cooperation. A few months later,Park Jin-young,Jackson Wang,Feiand a 10-year-old JYP Chinese trainee went to China to record a roadshow-style audition show to recruit more trainees with the goal of creating a hip-hop oriented Chinese boy group. The name of the show wasGuaishushu Is Coming,and the concept was to travel across different cities with large-scale auditions and then have a final round to select the members who will be trained in Korea.[95]

NCC Entertainment (NCC Station)

NCC Entertainment is a jointly produced management team by Tencent Music Corporation and JYP Beijing Cultural Exchange Ltd located in Beijing, China.[52]It is working to promote its Chinese artists more, despite the ban placed on Korean entertainment and to further promote the Chinese boy group,Boy Storyin China.[96]

Divisions and labels

Divisions

  • JYP Beijing Cultural Exchange Ltd (JYPE China):The Chinese division of JYP Entertainment. Opened in 2008, it was the company's first external branch. It has two subsidiaries:
    • Fanling Culture Media Ltd
    • Beijing Shisung Ent. Ltd (joint venture withTencent)
      • New Creative Culture
  • JYP Entertainment USA Inc:The American division of JYP Entertainment, established in 2008.
  • JYP Entertainment Japan Inc:The Japanese division of JYP Entertainment, established in 2009.
  • JYP Entertainment Hong Kong Ltd:[97]The Hong Kong division of JYP Entertainment, established in 2017.
  • JYP Entertainment Latin America:The South American division of JYP Entertainment, established in 2024.
  • JYP Publishing Corp:An affiliated company founded in February 2008. It houses record producers and songwriters under JYP Entertainment.[98]
  • JYP Foods Inc:Founded in 2010.[99]
    • Studio J Bar – opened on June 2, 2016, as a collaboration between JYP and Y1975, a bar in the Chungdam District.[100]
    • The Street – a brunch café with two branches. The main branch is located nearby the JYP Entertainment office building, and the second branch is located in theGyeongridanarea inItaewon.The café is used for interviews or meetings held by J. Y. Park and artists under JYP Entertainment.[101]

Subsidiaries

  • Npio Entertainment:An acting division established in 2019.
  • Innit Entertainment:A division to broaden the range of its artists to include ballad, trot, R&B and actors.
  • Studio J:An in-house label established by J. Y. Park in January 2015 with the goal of putting focus on independent artists outside of the mainstream K-pop aesthetic. The singerG. Soulwas revealed to be the first artist under Studio J.[45][46]Currently, the subsidiary houses the rock bands,Day6andXdinary Heroes.
  • SQU4D:[a]A division of JYP Entertainment, it is the latter's fourth (hence the number "4" in its name) artist management label. Led by Lee Ji-young (the first woman to head a JYP Entertainment artist management division since its foundation), it currently housesNmixx.[102][103]

Defunct

  • JYP Actors:The company's acting division which was founded in 2011 and was led by JYP vice-president Pyo Jong-rok. As of September 1, 2019, JYP Actors has become defunct with its actors moving into a new start-up company established by Pyo Jong-rok calledNpio Entertainment.[73]
  • JYP Pictures:The company's film and TV drama production division that was founded in March 2011 along with other subsidiaries.
    • JYP Pictures Co., Ltd Korea, established in 2013. It became defunct as of September 1, 2019
    • JYP Pictures Co., Ltd China, established in 2014.
  • J. Tune Entertainment:A South Korean record label and entertainment company founded by former JYP artist Rain in November 2007, it was announced in December 2010 that JYP had become the largest shareholder of J. Tune Entertainment.[24]In December 2013, J. Tune Entertainment was fully merged into JYP.

Philanthropy

During theCOVID-19 pandemic,JYP Entertainment donated US$410 thousand to the Community Chest of South Korea on February 28, 2020.[104]On March 8, 2022, the company made a donation₩300 million to the Hope Bridge Disaster Relief Association, to help the victims of the massive wildfire that started in Uljin, Gyeongbuk which had spread to Samcheok, Gangwon.[105]On February 12, 2023, the company donated 500 million won through World Vision, to help the aftermath of the2023 Turkey–Syria earthquake.[106]

Current artists

Artists under JYP Entertainment are collectively known as "JYP Nation".[107]

Current musicians

Current actors and actresses

In July 2019, the agency announced changes to its actor management division, confirming that it would be jointly managing together with the new start-up company Npio Entertainment. It was decided that actorsYoon Park,Shin Eun-soo,Kang Hoon,Shin Ye-eun,Kim Dong-hee,and Lee Chan-sun are staying in the agency for the remainder of their contract periods. All other actors ended their contracts by mutual agreement.[108]

Former artists

Former musicians

[109]

Former actors and actresses

JYP Publishing

Discography

Main article:JYP Entertainment discography

Concerts

Filmography

Film

  • I Wanna Hold Your Hand(2015)
  • Homme Fatale(2019)

Television

Web drama

  • Dream Knight(2015)
  • Touching You(2016)
  • Romantic Boss(2016)
  • Magic School(2017)

Reality shows

Notes

  1. ^Pronounced as "squad".
  2. ^Under JYP Beijing Cultural Exchange Ltd.'s New Creative Content Entertainment.
  3. ^abUnder JYP Entertainment Japan Inc., and co-managed withSony Music Entertainment Japan.
  4. ^Under JYP Entertainment's SQU4D artist management label.
  5. ^Under JYP Entertainment USA Inc., and co-managed withRepublic Records.
  6. ^abUnder JYP Entertainment'sStudio Jartist management label.
  7. ^Under JYP Beijing Cultural Exchange Ltd.'s Fanling Culture Media Ltd.
  8. ^abcCurrent member ofTwice.
  9. ^Sub-unit ofDay6.Under JYP Entertainment'sStudio Jartist management label.
  10. ^Sub-unit ofTwice.Under JYP Entertainment Japan Inc., and co-managed withWarner Music Japan.
  11. ^Despite leaving JYP Entertainment, Ok Taec-yeon is still an active member of 2PM.
  12. ^Despite leaving JYP Entertainment, Hwang Chan-sung is still an active member of 2PM.

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Retrieved from "https://en.wikipedia.org/w/index.php?title=JYP_Entertainment&oldid=1245864645#Artists"