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| 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.
Excited to know more about 2PM story? Well, check out the
story below!
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%.
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