Jay Park reportedly working on launching his own K-Pop boy group with major investment from Kakao

According to industry insiders on January 11, former AOMG and H1GHR MUSIC founder Jay Park is currently working on setting up a new label, with aims to launch his very own K-Pop boy group in the near future.

Furthermore, insiders have revealed that Jay Park will be procuring a major investment from Kakao Entertainment in the process of launching his own K-Pop group. In response, a representative of Kakao vaguely stated, "Jay Park is an artist currently active in various areas including as a singer, a producer, and much more. Kakao Entertainment is seeking to diversity its business in the music distribution market through numerous partnership opportunities, and it's true that we are in the process of discussing possibilities for a business partnership with Jay Park. However, the exact details have yet to be confirmed."

Another industry insider predicted, "Jay Park has the capability to introduce a new wave in the K-Pop scene with his own style, just as J.Y. Park found success with many idol groups created in his own color." 

As many of you know, Jay Park originally debuted as a K-Pop idol in 2008 in the group 2PM. What do you think of a K-Pop group produced by Jay Park?