JYP Entertainment facts for kids

Quick facts for kids
JYP Entertainment Corporation

Logo used since January 2021
Native name	JYP 엔터테인먼트
Type	Public
Traded as	KRX: 035900
Industry	Entertainment retail
Genre	K-pop R&B EDM trot
Founded	April 25, 1997; 28 years ago (1997-04-25)
Founder	J. Y. Park
Headquarters	Gangdong, 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
Revenue	₩566 billion (US$494.78 million) (2023)
Net income	₩105 billion (US$91.79 million) (2023)
Owner	J. Y. Park (15.22%) JYP Entertainment Corporation (6.76%) Norges Bank Investment Management (4.82%) National Pension Service (4.00%) Capital Research & Management (3.01%) Victory Capital (2.66%) Vanguard Group (2.62%) Goldman Sachs Asset Management (1.17%) JP Morgan Asset Management (1.12%) Others (58.62%)
Number of employees	385
Divisions	See below

JYP Entertainment Corporation (Hangul: JYP 엔터테인먼트) is a big South Korean entertainment company. It was started in 1997 by J. Y. Park. JYP is one of the largest entertainment companies in South Korea.

It works as a record label, which means it helps artists make and release music. It's also a talent agency, finding and managing new stars. Plus, it produces music, organizes concerts, and publishes songs. JYP also has other smaller companies and teams around the world.

Some famous groups and artists from JYP Entertainment include 2PM, Day6, Twice, Boy Story, Stray Kids, Itzy, NiziU, Xdinary Heroes, Nmixx, and Vcha.

History

1997–1999: How it started and early K-pop artists

Park Jin-young, who founded JYP Entertainment.

JYP Entertainment was founded in 1997 by a South Korean singer and songwriter named Park Jin-young. The company was first called Tae-Hong Planning Corporation. In 2001, it changed its name to JYP Entertainment, named after J. Y. Park's stage name. In 1997, the company signed its first artist, a female singer named Pearl.

In 1999, another entertainment company, SidusHQ, introduced the future members of the boy band g.o.d to Park. He became their producer and mentor. JYP helped create g.o.d, and they debuted on January 13, 1999. Even though SidusHQ managed the group, J. Y. Park produced their first album, Chapter 1.

2000–2009: First big successes and second generation K-pop artists

In December 2000, JYP signed Rain as a trainee. He debuted two years later in May 2002. Rain became very successful in Asia and beyond. His third album, It's Raining, sold over 1 million copies in seven Asian countries.

On December 27, 2002, JYP debuted its first boy group, Noel. They were a four-member vocal group. In May 2006, JYP formed its first girl group, Wonder Girls. They became very popular and were the first South Korean group to enter the Billboard Hot 100 chart in 2009. Their song "Nobody" reached No. 76 on the chart. This success led to a deal with the Jonas Group, allowing Wonder Girls to open for the Jonas Brothers' world tour in some cities.

g.o.d won many awards for Best K-pop Group Artist.

In 2007, Rain left JYP to start his own company, J. Tune Entertainment. However, he said he would still work with J. Y. Park.

Wonder Girls in 2008. They were the first Korean group to enter the Billboard Hot 100.

In 2008, a TV show called Hot Blood Men was created. It had two teams of male trainees competing to debut. The winning group, One Day, was later split into two boy bands: 2PM and 2AM. Both groups debuted that same year. JYP also opened its China branch, JYP Beijing Center, in October.

JYP also started getting into producing TV dramas. In June 2009, they teamed up with KEYEAST Entertainment to create Holym, a TV drama production company. Holym later announced its first big TV drama, Dream High, in 2010.

2010–2017: New partnerships and third generation K-pop artists

In March 2010, JYP worked with other big companies like SM Entertainment and YG Entertainment to create KMP Holdings. This company officially distributed music from these labels. In December 2010, JYP became the biggest owner of J. Tune Entertainment. A new company called AQ Entertainment was formed, and it introduced the Chinese-Korean girl group Miss A.

Miss A in 2013. Their first song was a huge hit.

In November 2011, JYP opened a branch in the US called JYP Creative. However, it closed after about a year because it lost money. In 2012, JYP Pictures made a movie called Hold Your Hand with a Chinese company. It starred actors from JYP.

Got7 in 2019.

In June 2013, JYP Entertainment merged with another company also called JYP. This made them one big company. Artists from both companies, like 2PM, Wonder Girls, J. Y. Park, and Miss A, all became part of the new JYP Entertainment. In January 2014, Got7, a new boy group, debuted. They were the first boy group from JYP since 2PM and 2AM in 2008.

The success of Twice helped JYP Entertainment become a top South Korean entertainment company.

In January 2015, a new sub-label called Studio J was created. It aimed to support unique artists who make original music. The first artist under Studio J was G. Soul. In 2015, two new groups were formed by JYP: the rock band Day6 (debuted September 7) and the girl group Twice (debuted October 20). The members of Twice were chosen from a TV show called Sixteen.

JYP also expanded into the Chinese market. In 2016, they partnered with Tencent Music Entertainment to create Beijing Xin Sheng Entertainment Co. Ltd. This company helped debut the Chinese boy band Boy Story. In July 2017, JYP bought a new building in Seoul to use as its main office.

2018–2020: More success and fourth generation K-pop artists

Stray Kids is a group that produces their own music.

Itzy at their debut showcase in 2019.

In January 2018, JYP worked with SM Entertainment, Big Hit Entertainment, and SK Telecom to launch a new music platform called FLO. This platform uses new technologies like artificial intelligence. In the first half of 2018, JYP became the second largest entertainment company in South Korea, thanks to the success of Twice and Got7.

On March 26, 2018, JYP debuted a new boy group called Stray Kids. Their name came from a reality show in 2017. In May 2018, JYP was the only Korean entertainment company to be listed in the "FT 1000: High-Growth Companies Asia-Pacific" by Financial Times magazine. By August 2018, JYP became the largest among the "Big 3" K-pop labels (JYP, SM, YG).

On January 21, 2019, JYP announced a new girl group named Itzy. They debuted on February 12 with their song "Dalla Dalla." JYP also announced plans to create a Japanese girl group, which was part of their "Globalization By Localization" plan. This project was called Nizi Project, a survival show that aired in 2020. The final group, NiziU, debuted on December 2, 2020, and partnered with Sony Music Japan.

In March 2019, JYP partnered with The Orchard (a Sony Music Entertainment company). This partnership helps JYP distribute its music around the world, especially in the US and Europe. In June 2019, JYP and Make-A-Wish Korea started a partnership to help children with serious illnesses. This is part of JYP's "Every Dream Matters!" (EDM) campaign.

In July 2019, JYP announced they would close their acting division. Some of their actors moved to a new company called Npio Entertainment.

In February 2020, JYP partnered with Republic Records to help promote Twice in America. In August 2020, JYP announced a collaboration with SM Entertainment to create Beyond LIVE Corporation (BLC). This new company focuses on virtual concerts, aiming to make online concerts a global brand.

2021–present: Recent developments

On January 10, 2021, all members of Got7 left the company after their 7-year contracts ended. On April 26, JYP announced they would work with Psy's P Nation to form new boy groups on a TV show called Loud. On November 1, JYP announced a new rock band called Xdinary Heroes, who released their first song on December 6.

On January 26, 2022, JYP announced a new girl group named Nmixx, who debuted on February 22. In February, JYP expanded its partnership with Republic Records. Republic Records also signed Stray Kids and Itzy for promotions in America. In July 2022, all members of Twice renewed their contracts with JYP Entertainment. In September, all members of Day6 also renewed their contracts.

Joint ventures

JYP Entertainment works with other companies on different projects.

Music distribution

JYP Entertainment's music is distributed around the world by The Orchard since March 2019.

FLO

In January 2018, JYP, along with SM, Big Hit Entertainment, and SK Telecom, launched a new online music store called FLO.

Beijing Shinsung Entertainment

In April 2017, JYP and Ocean Music created Beijing Xin Sheng Entertainment Co., Ltd. This company focuses on cultural events and film production in China. They also looked for new trainees in China to create a hip-hop boy group.

NCC Entertainment (NCC Station)

NCC is a management team created by Tencent Music Corporation and JYP Beijing. It helps promote Chinese artists and the Chinese boy group Boy Story in China.

Labels

JYP Entertainment has different branches and divisions that handle various parts of the business.

Branches

• JYP Beijing Cultural Exchange Ltd (JYPE China): This is JYP's official branch in China, opened in 2008. It has two smaller companies under it.
• JYP Entertainment USA Inc: This is the American branch of JYP, started in 2008.
• JYP Entertainment Japan Inc: This is the Japanese branch of JYP, started in 2009.
• JYP Entertainment Hong Kong Ltd: This is the Hong Kong branch of JYP, started in 2017.

Divisions

• JYP Publishing Corp: This company was founded in 2008. It has many record producers and songwriters who create music for JYP artists.
• JYP Foods Inc: JYP Foods was founded in 2010. It includes:
  • Studio J Bar: A bar created in 2016.
  • The Street: A cafe owned by JYP. It has two locations and is often used for interviews or meetings with J.Y. Park and other artists.
• Npio Entertainment: This is a company that manages actors.

Subsidiaries and sub-labels

• Studio J: This is a special label created by J. Y. Park in 2015. It focuses on independent artists who make unique music, not just mainstream K-pop. The rock bands Day6 and Xdinary Heroes are currently under Studio J.
• SQU4D: This is a division of JYP Entertainment that manages artists. It is led by Lee Ji-young, the first woman to lead an artist management division at JYP. The group Nmixx is currently managed by SQU4D.

Former

• JYP Actors: This was the company's acting division. It closed in 2019, and its actors moved to a new company called Npio Entertainment.
• JYP Pictures: This division produced films and TV dramas. It was founded in 2011 but closed in 2019.
• J. Tune Entertainment: This was a record label started by former JYP artist Rain. In 2010, JYP became its biggest owner, and in 2013, J. Tune Entertainment fully merged into JYP.

Philanthropy

JYP Entertainment also gives back to the community. On March 18, 2011, JYP donated US$300,000 to help with disaster relief in Japan. During the COVID-19 pandemic, JYP donated US$410,000 to the Community Chest of Korea in February 2020. On March 8, 2022, JYP donated 300 million KRW to help victims of a large wildfire in South Korea. On February 12, 2023, JYP donated 500 million KRW to help victims of the 2023 Turkey–Syria earthquake.

Artists

Artists under JYP Entertainment are sometimes called "JYP Nation."

China

Groups

• Boy Story (New Creative Content Entertainment)

Soloists

• Yao Chen (Fanling Culture Media Ltd.)

Japan

• NiziU (co-managed with Sony Music Japan)
• Nexz (co-managed with Sony Music Japan)

USA

• Vcha

JYP Publishing

Former artists

Former musicians

Former actors and actresses

Actors

In July 2019, JYP changed how it managed actors. It decided to work with a new company called Npio Entertainment. Some actors, like Yoon Park, Shin Eun-soo, Kang Hoon, Shin Ye-eun, Kim Dong-hee, and Lee Chan-sun, stayed with JYP. Other actors ended their contracts.

Discography

Concerts

JYP Entertainment has held many concerts featuring its artists, called "JYP Nation."

• JYP Nation 2010 "Team Play"
  • December 24, 2010: Seoul (Olympic Gymnastics Arena)
• JYP Nation 2011
  • August 17–18, 2011: Saitama (Saitama Super Arena)
• JYP Nation 2012
  • August 4, 2012: Seoul (Olympic Gymnastics Arena)
  • August 18–19, 2012: Tokyo (Yoyogi National Gymnasium)
• JYP Nation 2014 "One Mic"
  • August 9–10, 2014: Seoul (Jamsil Gymnasium)
  • August 30, 2014: Hong Kong (AsiaWorld-Expo)
  • September 5–7, 2014: Tokyo (Yoyogi National Gymnasium)
  • December 13, 2014: Bangkok (Impact Arena, Muang Thong Thani)
• JYP Nation 2016 "Mix & Match"
  • August 6, 2016: Seoul (Jamsil Gymnasium)
  • September 2–4, 2016: Tokyo (Yoyogi National Gymnasium)

Filmography

Film

• 2015: I Wanna Hold Your Hand
• 2019: Homme Fatale

Television

• 2011: KBS2 Dream High
• 2012: KBS2 Dream High 2
• 2017: JTBC The Package
• 2018: JTBC The Third Charm
• 2019: JTBC Chocolate

Web drama

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

Programs

JYP Entertainment has created many TV shows to find and debut new artists.

• 2006: MTV Wonder Girls (show that created Wonder Girls)
• 2008: Hot Blood Men (show that created One Day, which split into 2PM and 2AM)
• 2012: MTV Diary (reality show for JJ Project)
• 2014: Real GOT7 (reality show for Got7)
• 2015: Sixteen (show that created Twice)
• 2017: Stray Kids (show that created Stray Kids)
• 2019: Super Intern (show to find new JYP employees)
• 2020: Nizi Project (show that created NiziU)
• 2021: Loud (show that created a new boy group)
• 2023: A2K (America2Korea) (show that created Vcha)
• 2023: Nizi Project Season 2 (show that created Nexz)

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See also

In Spanish: JYP Entertainment para niños