[Exclusive] JYP to move to a new building near the Olympic Park in Seoul within this year

JYP is moving to a new building.

According to the officials, JYP has confirmed that it will move to a building near the Olympic Park in Seoul. JYP is currently using 5 buildings located in Cheongdam-dong, but those are rented buildings. It has been a dream for Park Jin Young to move to a new building, and he decided to buy buildings near the Olympic Park to get JYP family together.

The reason why JYP decided to move to a building near the Olympic Park is that real estate price of the areas is relatively cheap in the Gangnam area, while various k-pop concert halls such as Gymnastics Stadium, Olympic Hall and SK Olympic Handball Gymnasium are located on nearby it.

Actually, JYP has been planning to move to a new building, but it couldn't move due to money problems. However, JYP has earned a lot of money thanks to TWICE's huge success, and the price of JYP stock also went up high after the girl group's success. JYP's first-quarter profit of this year was 3.8 billion won, up 442% from the year-ago period. Yeah, in a word, JYP can move to a new building thanks to TWICE.

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