JYP Founder Park Jin-young: No Plans to Acquire Companies Despite Having as Much Money as HYBE

On May 27, a post was made on the Korean forum “theqoo”discussing JYP founder Park Jin-young, which gained over 60,000 views and 300 comments in a matter of hours.

During a livestream on the channel “Syuka World Comics,”the host discussed HYBE’s ongoing acquisition of subsidiaries, prompting Park Jin-young to share his thoughts on the matter.

“Despite being as financially successful as HYBE, I still wouldn’t consider acquiring other companies,”stated Park Jin-young. “Since founding the company in 1997, my main priority has always been developing a positive company culture. My goal is for the company to foster a supportive and fair environment for both artists and employees alike.”

The founder of JYP also emphasized, “We prioritize maintaining healthy personal relationships and do not involve ourselves in any illegal activities. It has been a major focus of mine to establish this positive culture within the company. Each company has its own unique culture, and merging with one that has vastly different values could potentially cause conflicts. Our corporate culture holds great significance to us.”

After learning about Park Jin-young’s perspective, numerous netizens have commended JYP and expressed disappointment towards HYBE. The following are statements from Korean netizens:

All company should learn this
JYP is really amazing… The entertainment industry used to be so healthy…
Meanwhile, the entire philosophy of HYBE is just money, money, and money
Compared to the founders of the original “Big 3” who are all singers, HYBE is greedy because its founder is from the gaming/IT background
Really, how are Park Jin-young and Bang Si-hyuk even friends LOL
After watching the video, it is evident that Park Jin-young holds a unique fondness for the K-pop industry.

The source for this information is both theqoo and VKR.