JYP Entertainment’s Park Jin-young, unlike HYBE, decides not to make company acquisitions – The UBJ

On a recent forum called “theqoo,” the discussion gained traction as it drew attention to JYP Entertainment founder Park Jin-young’s views on company acquisitions, garnering over 60,000 views and 300 comments shortly after posting.

In an episode of the “Syuka World Comics” live broadcast, Park Jin-young commented on HYBE’s acquisition strategy, contrastingly explaining his own approach.

“I can not do that. Even with money like HYBE, I don’t think I would buy other companies.” Park Jin-young explained. He emphasized the importance of a strong company culture built over 26 years, aimed at creating a supportive and equal work environment for artists and employees.

Park continued to discuss in detail the importance of maintaining legitimacy and healthy personal relationships in business development. He was concerned about the potential clash of different corporate cultures after the merger.

Many netizens responded positively to Park Jin-young’s stance, in some cases expressing criticism of HYBE’s strategy. Here are some selected comments from the discussion:

• Every company should learn this
• JYP is truly amazing… The entertainment industry used to be so healthy…
• Meanwhile, the entire HYBE philosophy is just money, money and money
• Compared to the founders of the original “Big Three”, all of whom are singers, HYBE is greedy because its founder comes from a gaming/IT background
• Seriously, how are Park Jin-young and Bang Si-hyuk even friends LOL
• Looking at the video, Park Jin-young has a love for the K-pop scene like no other.

Source: theqoo, VKR