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JYP Founder Denies Privilege Allegations in Mega K-Pop Project

Summary by The Korea Times
Park Jin-young, JYP Entertainment's founder and co-chair of the Presidential Committee on Popular Culture Exchange, rejected allegations of preferential treatment involving his agency in preparations for a global K-culture festival during a parliamentary audit held at the National Assembly in Seoul, Wednesday. The high-stakes hearing focused on "Fanomenon," a multi-day K-pop festival and awards initiative scheduled for December next year. His ag…

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Co-chairman of the Pop Culture Exchange Committee directly under President Park Jin-young refuted the preferential treatment and trademark controversy surrounding the global K (K) pop festival “Panomenon” as “cannot be viewed as a privilege.” However, regarding the process where JYP (JYP) Entertainment first applied for the Panomenon trademark, “A normal room

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Park Jin-young, Co-Chairman of the Committee on Popular Culture Exchange, admitted that the procedure by which JYP filed first regarding the trademark controversy for the global K-culture festival 'Phenomenon' was not normal. This was stated by Rep. Bae Hyun-jin of the People Power Party during the parliamentary audit of the Culture, Sports and Tourism Committee on the 7th.

(Seoul = Yonhap News) Reporters Lim Soon-hyun and Lee Tae-soo = Park Jin-young, Co-Chairman of the Committee on Popular Culture Exchange, appeared as a witness at the parliamentary audit of the National Assembly Culture, Sports and Tourism Committee on the 7th and [discussed] Phenomenon...

·Seoul, Korea (the Republic of)
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Regarding the global festival "Phenomenon" currently being promoted by Park Jin-young, Co-Chairman of the Committee on Exchange of Popular Culture, he stated, "This marks the first time four companies (HYBE, SM, JYP, and YG) have established a single company," adding that it is "a structure where equal capital is invested to hold equal voting rights." Appearing as a general witness at the National Assembly's audit of the Culture, Sports and Tour…

JYP Entertainment founder Park Jin-young, known as “J.Y. Park” in Japan, attended the Korean National Assembly's national affairs audit as a witness.

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조선일보 broke the news on Wednesday, October 7, 2026.
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