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Posted by Susan-Han Wednesday, January 17, 2024

J.Y. Park purchases 6,200 new shares in JYP Entertainment at a discounted price

AKP STAFF

J.Y. Park, founder and Chief Commercial Officer of JYP Entertainment, has purchased 6,200 new shares in the company at around 83,000 KRW per share, totaling approximately 5 billion KRW (~ $3.7 million USD).

According to an update by the Financial Supervisory Service on January 18, J.Y. Park made the purchases between January 17-18. With this, the founder's shares in JYPE has increased from 15.22% to 15.37%. 

In the past few days, JYP Entertainment's stock prices plummeted by around 19.25%. It's believed that J.Y. Park took advantage of the fluctuation period to expand his own shares, purchasing more shares at a "discounted price"

  1. J.Y. Park
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delta_yu
delta_yu3,240 pts Wednesday, January 17, 2024 0
Wednesday, January 17, 2024

For context, HYBE and SM stock are also down similar amounts. It’s an entertainment industry wide drop, not just one company.

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Est2020
Est20201,628 pts Wednesday, January 17, 2024 0
Wednesday, January 17, 2024

Why use that pic🤣 JYP is so unserious sometimes. Whenever I see him all I think is that he is that odd uncle you see at family gatherings🤣 Something that my nephew says about me now🤣🤣🤣🤣

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