|2PM: WOOYOUNG, TAECYEON, NICHKHUN, CHANSUNG,|
JUNHO AND JUNSU
After JYP Entertainment’s US branch suffered a heavy blow, the company ended up in the red for the past fiscal year.
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In the latest celebrity update, JYP Entertainment earned 9,900,000,000 KRW (approximately $8,890,000 USD) in sales, and 2,000,000,000 KRW (approximately $1,796,000 USD) in net profit earlier this year according to Korea’s Financial Supervisory Service.
However, taking last year into account, the company had a net loss of 400,000,000 KRW (approximately $359,200 USD). The loss came from JYP’s United States branch JYP Entertainment Corporation, where JYP holds 90% of the stocks.
Because of this, the JYP Entertainment stock on the KOSDAQ was lowered by 6% to 16,620 KRW (approximately $15 USD). JYP Entertainment still has some risk because of the fact that 2PM makes up most of JYP Entertainment’s profits.
In fact 2PM was responsible for 61.63% of JYP Entertainment profits in 2011, which increase to 72.42% in 2012. And now it increase even higher at 79.91%.