JYP chief to face National Assembly scrutiny over 'Korean Coachella' trademark
Park Jin-young, a singer and chief producer of JYP Entertainment, is expected to be called to testify at a National Assembly audit over his company's move to secure trademark rights to Fanomenon, a government-backed large-scale K-pop event. Rep. Bae Hyun-jin of the main opposition People Power Party said she plans to summon Park, who also serves as co-chair of the presidential committee on…
Park Jin-young, the CEO of JYP Entertainment, is set to face questioning from the National Assembly over the company's acquisition of trademark rights for Fanomenon, a major K-pop event backed by the government. Opposition Rep. Bae Hyun-jin of the People Power Party intends to question Park, who also chairs the presidential committee on popular culture exchange, on the company's application for trademark rights and the subsequent transfer of those rights.
The committee stated that the rights will eventually be handed over to the organizing body of the event, but expressed uncertainty about the process and the proper review of the arrangement. Bae emphasized that it is necessary to have Park testify in the National Assembly audit. Fanomenon, dubbed Korea's answer to Coachella, is a multinational K-pop festival jointly organized by the presidential committee and leading entertainment firms.
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