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JYP Entertainment to purchase and remodel a large building for its new company headquarters

By mkim93   26 days ago   93,393   17,639   69
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It has been reported that JYP Entertainment will be purchasing and remodeling a large building in Seoul's Olympic Park to be used as their new company headquarters. This has gained attention as to whether they will be using their treasury stock worth 20 Billion KRW $17.8 million (approx.) into this building.


They have decided to leave their current building that has been used since 2002. Currently, they are using five different buildings for its operations with the main building in Cheongdam-dong but have now decided to move to one large building that can house everything and everyone within the company under one roof. With the location close to the Lotte Tower, Han River, and many other attractions, it seems to be a smart and calculated move in order to expand to a wider audience across the world. 


It has been estimated that the total investment for this building could lie anywhere in the tens of billions KRW. 


To help fund the major investment, JYP recently sold 786,607 shares of Genie Music (formerly KT music) to raise 5.3 Billion KRW ($4.7 million). According to an insider from JYP Entertainment, they are planning to partially fund the building with the company's cash reserves. Additionally, analysts have stated that it could be possible that JYP can purchase and renovate the building without a loan as at the end of Q1 2017, JYP had cash holdings of 19.7 Billion KRW ($17.6 million). 


With the consideration of TWICE expanding and promoting in Japan soon, expenses are expected to increase in which it is possible for the company to sell its stock to fund the building further. However, with JYP's stable earning increase of 28.5% YoY in Q1 2017 contrast to Q1 2016 and with the increase of TWICE's popularity, it is not far-fetched to think they will not sell their treasury stock in any sudden/rash manner. 


After their debut back in 2015, TWICE has swept the charts with 'TT', 'KNOCK KNOCK', and 'SIGNAL'. Analysts proposed that with TWICE having three Japanese members, there is a very high possibility of succeeding over in Japan much like Girl's Generation did. 


Shares of JYP stock closed at 7,470 KRW ($6.67) per share on May 26, the stock has increased over 54% compared to the beginning of the year when it was trading at 4,840 KRW ($4.32) per share.

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    SHZ0220 17 days ago

    This article "JYPE will be purchasing" so why few kpop fans say that JYPE already bought the building since 2014??

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    arsunshine 18 days ago

    TWICE is not the only one who makes the money, all of the JYP artists did. 2PM has the biggest contribution in this field, they're the one who really makes the money. following GOT7, TWICE, MISS A, and other JYP artists. 2PM & GOT7 are the breadwinner of the company, they have the biggest album sales, world tours, etc. Even TWICE havent debuted, 2PM raise the money. It's not all about TWICE, it's the JYP ARTISTS.

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    spandam1234 19 days ago

    Atleast they use our money to buy a building not marijuana LUL.

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    Hottest2PMKhun 23 days ago



    also since ppl seem to know more than nos and company experts, here is a recent graph, i think it either shows revenue or profits got in from each major group in jype- dark green is 2pm, light green is got7 and grey is twice, notice the 2pm domination throughout, especially in 2013 and 2015 and even in 2017, with two members going to the army soon!!

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    Hottest2PMKhun 23 days ago

    here is what the article said, rough translation: The article also showed the profits of JYPent since 2012, and what's expected to happen this year and by next year. As it seems, for this year, GOT7 will become the 2nd breadwinner of the company, since GOT7 is having a lot of concerts and big fanmeetings worldwide. In 2018, at least 3 2PM members will be on army, so the revenues of the current breadwinners will drop, however GOT7 and Twice together will be able to increase the profits of JYPent, and adding 2PM solo activities, in 2018, JYPent is expected to have the highest profits.

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    jkc 25 days ago

    the big 3's company buildings all look soo lackluster for such big companies

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    Halaquinn 25 days ago

    i don't know who earns the most but whenever someone mention JYP i think about Twice

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    intricate Halaquinn 24 days ago

    better watch out for those Thrices.. they will come after you by saying it's actually 2PM and GOT7 who earn more!

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    Halaquinn intricate 23 days ago

    well ...they have to accept that Twice earns double what those 2 groups earn ..

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    since_6MIX intricate 23 days ago

    actually they do... 2pm then Suzy then GOT7, but we are talking about 2016...... this year though unless TWICE goes on more concert tours than they have have already done, it will still probably stay as 1. 2pm; 2. Got7; 3. TWICE.... 2pm's money earned from tours by the whole group + solo will definitely be first.... for second, I'm really not sure whether it's TWICE or Got7, Got7 has more tours while Twice has more cfs but lesser concerts....

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    Hottest2PMKhun Halaquinn 23 days ago

    uh no, 2pm still gets in 80 per cent of jype profits, even until 2016 with hits like tt and cheer up, 2pm made the most money for jype, then suzy then got7 and fourth was twice... allkpop already made an article about it, look at it

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    Hottest2PMKhun intricate 23 days ago

    uh no,thrice dont say that, ppl who have done research and have looked at reliable sources say that. 2pm still gets in 80 per cent of jype profits, even until 2016 with hits like tt and cheer up, 2pm made the most money for jype, then suzy then got7 and fourth was twice... allkpop already made an article about it, look at it

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    Halaquinn since_6MIX 23 days ago

    i didn't know that because i rarely see 2PM like Twice who are all over the place if you know what i mean that's why i said Twice must be earning more than 2AM because their songs are always on top .their albums sales and they are always ranked first in brand reputation ..

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    Hottest2PMKhun Halaquinn 23 days ago

    first, its 2PM not 2AM as you mentioned in the comment, i put up graphs below for evidence, 2pm rakes in a lot from tours, they have the most no. of concerts right after big bang, cfs and brand reputation mean nothing when you compare them to the amount of money coming in from concerts and tours.. 2pm have been making over 80 per cent of the company's profits for the past 7 years now

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    intricate Hottest2PMKhun 23 days ago

    it doesn't matter who makes the most money. they're all great groups. The OP just mentioned how TWICE gives off the image of being the highest earners in JYP, and for good reason. The fact that it isn't actually the case is irrelevant.

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    Hottest2PMKhun intricate 22 days ago

    yes that is why i did not reply to the original post, rather, i replied to the other comments made by the original poster, and by yourself that said: "better watch out for those Thrices.. they will come after you by saying it's actually 2PM and GOT7 who earn more!" and that said: "well ...they have to accept that Twice earns double what those 2 groups (2pm and got7) earn .." both of these statements are wrong information and i was correcting them, so it is not at all irrelevant since who brings more money into the company was a discussion already in progress in this section- i added to it by providing correct information. But anyway, they are all amazing groups, i wish them all success!

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    since_6MIX intricate 22 days ago

    it's because she said THIS----->"well ...they have to accept that Twice earns double what those 2 groups earn .."...... I replied to this,the reply to you, but not the orig post itself

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    intricate Hottest2PMKhun 22 days ago

    what I said wasn't wrong, I know 2PM and GOT7 have earned more which is exactly what I said, and I also know it's Thrices who tend to want to make a point of it. All you did was make yourself look like a Thrice by making your comments.

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    Hottest2PMKhun intricate 22 days ago

    lol, from what i have seen on this forum, thrice normally downplay twice's singing and dancing abilities- pettily, dont worry, i am not a thrice, i am pretty sure saying that got7 and 2pm and suzy bring more money to jype does not make me a thrice, it makes me a realistic person who bases all their comments on facts especially when it comes to commenting on other groups. i merely bring out evidence to support facts that i know to be true and when others (like in this comment section) bring out rash statements without evidence to downplay other groups' achievements, (2pm and got7's for ex.) then i present these facts as evidence. I have seen you and other commentators constantly try to bring down 2pm in other threads as well, so i know your intentions were not completely innocent and that you did try and downplay them. So pls do check facts before writing down comments,- i have told you this before. the tone in your comment was enough evidence to suggest you were trying to downplay 2pm and got7- - and then other commentators use your comment to write their baseless claims-you have done this before, i suggest you stop.

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    intricate Hottest2PMKhun 22 days ago

    never said you are a thrice, all i said was you made yourself look like one. Also, I have never "brought down" 2PM in any thread anywhere. I challenge you to find any such comment.

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    Hottest2PMKhun intricate 22 days ago

    that is what you got from my entire post? me stating facts makes me look like a thrice? lol ok...... ok anyway, glad we talked this through, see you around in other posts?

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    intricate Hottest2PMKhun 22 days ago

    the rest is all copied from your other comments... I never denied 2PM and GOT7 earning more. It's actually what my initial comment was all about, that they do earn more. It's your personal problem that you sought something behind it that's not there. Anyway... i am waiting for my comments "bringing down" either 2PM or GOT7. Good luck finding them.

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    Hottest2PMKhun intricate 22 days ago

    sure, already have a an entire comment thread on it- which we have discussed before- go to your notifications, and you will find- the one where hottest roasted you for it- go to the 2pm junho article and search for the word - "roast" you will find it!...

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    intricate Hottest2PMKhun 22 days ago

    unless you provide me with a link (use spaces to circumvent the filter) I have no idea what you're talking about. Anyway, I think you're mistaking me for someone else, because when I'm wrong about something I usually admit to it after seeing some kind of reliable information about it. Like the OP I used to think TWICE earned more, but some time ago I learned this was not the case, and why.

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    intricate Hottest2PMKhun 22 days ago

    Okay.. so i've actually checked the recent 2PM articles tagged with 2PM and Junho, Which is highly unusual for me, because the burden of proof lies with you in this case but I was curious... Anyway... I couldn't find any 2PM article where I had actually left any comment at all... so what is this "roast" you speak of?

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    Hottest2PMKhun intricate 22 days ago

    since i am on vacation and pretty free here goes: in the article (sorry top 10 idol groups most money for their company) you said: for jype (the most money must be coming from twice) quote from you: if you look at the last year or whatever it must be TWICE for JYP ---the the hottests corrected you! and then you said: when was the last time they had a concert though? I haven't seen them in any advertisements recently either... so where did their recent revenue come from?-- ok it has a tinge of downplaying in it, but ok, innnocent enough question, then hottest talked about all the concert and activities 2pm did in japan to which you then said-who said anything about Korean ads? Also, I just came back from 2 months of Japan and Korea yesterday, I didn't see anything relating to 2PM... Did see a -lot- of TWICE stuff though... even in Japan. At the shibuya crossing no less. ---- again refusing to aknowledge 2pm's presence in japan- then we left it that, thinking that you stood corrected, and i guess you do now, i am just saying when you said thrice will come at you, it made it seem that thrice will make stuff up to downplay 2pm and got7- hence anything thrice says is complete bullshit- that was the idea your initial message gave. so the fact that 2pm and got7 make more money is bullshit--- that is the message that came through.,, anyway, lol, i had a much harsher message written out, but i deleted it ater seeing your edits, i get tht you stand corrected now.

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    Hottest2PMKhun 22 days ago

    holy shit that is a lot of words- you already found the article so i guess you dont have to read through it now

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    Hottest2PMKhun intricate 22 days ago

    hey it was the 10 idol groups who bring most money in the company article- and i did find proof- and wrote it down below- also the correct phras i believe was "angry fans down your throat"- not "roast" sorry

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    intricate Hottest2PMKhun 22 days ago

    ah yes, the prime example where I was shown information that simply didn't allign with my explicitly uncertain beliefs.. that's your "roast" is it? So every time you tell somebody something about that they might have gotten wrong you call it a "roast"? You must have an exciting life..

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    intricate Hottest2PMKhun 22 days ago

    anyway... the fact that I didn't see anything related to 2PM while I was in Japan -for months- doesn't mean I am "bringing them down" or anything.. it simply means I didn't see anything related to 2PM. Absolutely nothing more.

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    intricate Hottest2PMKhun 22 days ago

    anyway, fair enough for looking that up. I did remember that article. And it was the one I was thinking of when I said I would change my views based on reliable information.

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    Hottest2PMKhun intricate 22 days ago

    yh, sry i know you are not a hater, you also claim what you believe to be true, its been a tiring day, lets end this before the two of us reach hundred comments on this article.

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    jlaysone 25 days ago

    You better do that JYP! Good Job!

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    Bum_mie 25 days ago

    As a jyp stan, ain't this the old news that i heard years ago. Why suddenly it become a new thing ?

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    renyrells 25 days ago

    them twice dollars really coming in handy

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    Hottest2PMKhun renyrells 25 days ago

    the old building was sold off years ago though, before twice debut!

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    Hottest2PMKhun 25 days ago

    guys, for those who do not follow jype, the old building was already sold off in 2014- way before twice (and got7?) even debuted. they continued to use the old building on lease until they found a new better building. now they have one. So, acquiring this new building has got nothing to do with twice's popularity, it was a decision made years ago with the money coming in from 2pm, 2am wonder girls, miss a etc.

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    kaylahyuna Hottest2PMKhun 25 days ago

    Thank you for the reminder. I thought I remember there was mention of it being sold years before and it was down to lease contract until they found a bigger building.

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