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JYP Entertainment and Ministry of Culture Jointly Hold Trademark Rights for Fanomenon…

1 report, 1 independent Updated Sat 00:00
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What happened

Some supportReported by 1 outlet

JYP Entertainment and the Ministry of Culture, Sports and Tourism are jointly holding domestic trademark rights for the Fanomenon, a large-scale K-pop event in Korea. The trademark application was made by JYP Entertainment for the event. Due to the application, Park Jin-young, the founder of JYP Entertainment, is expected to testify at a National Assembly audit regarding the trademark application and its eventual transfer to the event organizer.

From koreatimes.co.kr

Why it matters

Some supportBrind's analysis of the reports

Fanomenon is billed as a major K-pop event, comparable to Coachella, and is scheduled to run for 11 days. The event is expected to draw over 500,000 visitors and generate an economic impact of nearly 1 trillion won ($735.8 million). The trademark arrangement is under scrutiny by the main opposition party.

From koreatimes.co.kr

Who's involved

  • JYP EntertainmentMusic label that applied for the trademark rights for the Fanomenon event.
  • Park Jin-youngFounder and chief producer of JYP Entertainment, expected to testify at the audit.
  • Ministry of Culture, Sports and TourismMinistry that shares operational responsibility for jointly holding the domestic trademark rights.

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Coverage

Newest first; wire copies grouped