J.Y. Park, Founder of JYP Entertainment, Enters Politics

K-pop visionary J.Y. Park is making the leap into politics.

South Korea’s President Lee Jae Myung has appointed Park (Park Jin-young), CEO of JYP Entertainment, arsenic co-chair of the Presidential Committee connected Popular Culture Exchange.

Announced Tuesday, Sept. 9, the caller statesmanlike committee has a ngo to beforehand South Korean civilization abroad portion expanding vulnerability to planetary popular civilization domestically.

Park shared his thoughts connected his Instagram account. “I thought agelong and hard astir taking connected a authorities role, arsenic it felt burdensome and worrisome successful galore ways for idiosyncratic from the amusement industry. But with K-pop facing specified a peculiar accidental close now, I decided to clasp it and marque the astir of it,” helium added.

Widely loved by the public, Park debuted arsenic a solo creator successful 1994, and past twelvemonth presented a solo performance successful Seoul to observe his 30th anniversary.

After founding JYP Entertainment successful 1996, helium launched artists including Rain, Wonder Girls, 2PM, TWICE, Day6 and Stray Kids, elevating the institution to 1 of Korea’s apical amusement agencies.

In 2009, astatine the tallness of the Wonder Girls’ home popularity, helium moved to the United States and fundamentally started from scratch. He secured the radical a spot arsenic the opening enactment for the Jonas Brothers’ North American tour, and guided the English-language mentation of the Wonder Girls’ “Nobody,” which became the archetypal Korean opus to participate the Billboard Hot 100, debuting and peaking astatine No. 76, for what turned retired to beryllium a week-long enactment connected the chart.

Park besides posted a photograph of the Wonder Girls from 2009 connected his Instagram, remarking “My imagination remains the aforesaid arsenic it was successful 2003 erstwhile I went to the U.S. to beforehand Korean artists to American grounds labels, successful 2009 erstwhile the Wonder Girls became the archetypal Korean enactment to participate the Billboard Hot 100 chart, and now: for K-pop to beryllium loved worldwide.”

Park isn’t the archetypal entertainer to participate authorities successful Korea. Yoo In-chon — a wide beloved histrion from the 1980s done the 1990s — served doubly arsenic Minister of Culture, Sports and Tourism. It is unprecedented, however, for idiosyncratic who remains an progressive creator to beryllium appointed to a minister-level position.

Meanwhile, shares of JYP Entertainment — wherever Park is the largest shareholder — were up 4.93% from the erstwhile time arsenic of 9 a.m. KST, and are presently trading 2.8% higher.

The company’s outlook itself besides appears solid, acknowledgment to the ongoing occurrence of its frontline acts. Among them, TWICE, which is celebrating its 10th day this year, and is presently connected the roadworthy for their 4th worldwide performance tour. Stray Kids precocious acceptable a caller K-pop grounds arsenic Karma became their seventh consecutive No. 1 connected the Billboard 200, opening with ODDINARY successful 2022 (all debuted astatine the apical spot). Also, Park has introduced localized idol groups done the affiliates of JYP Japan, JYP China, and JYP America.