JYP founder to face National Assembly scrutiny over 'Korean Coachella' trademark
Park Jin-young, founder 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 popular culture exchange, to explain why his company applied for the trademark rights and how they would ultimately be transferred. "The committee said the rights would later be transferred to the entity responsible for organizing the event," Bae wrote in a social media post Tuesday. "But it remains unclear why it was handled that way in the first place, when the rights will be transferred and whether the arrangement was properly reviewed," Bae said. "It has become unavoidable for us to call Park to testify at the National Assembly audit." Fanomenon, billed as Korea's answer to Coachella, is a global K-pop event being jointly organized by the presidential committee and major entertainment agencies. Sched
