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JYP Entertainment buys property for new company office

All Headlines 17:33 June 01, 2017

SEOUL, June 1 (Yonhap) -- JYP Entertainment Corp. said Thursday it has acquired a property worth 20.2 billion won (US$18 million) in eastern Seoul to be used as its new company office.

It said in a regulatory filing that the purchase was made to secure property for its new building. Its headquarters is currently located in Cheongdam, a suburb of the upscale Gangnam Ward.

The company said it plans to have all of its staff move into a single building to promote efficiency.

The leading South Korean entertainment agency, run by singer and producer Park Jin-young, has a large portfolio of popular K-pop celebrities, including girl groups TWICE and Miss A.

elly@yna.co.kr
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