Cultural Exchange Committee: "'Phenomenon' Not JYP Exclusive... Trademark Application to be Jointly Filed"

"JYP filed first to secure the brand"... 50% of domestic shares transferred to Ministry of Culture, Sports and TourismJYP's remaining shares and overseas trademarks will also be transferred to a dedicated corporation in the futureThe Presidential Committee for Cultural Exchange has clarified that reports claiming JYP Entertainment has monopolized the trademark rights for the global K-pop festival 'FANOMENON' are false. /Support Team for the Committee for Cultural Exchange[THE FACT|Reporter Park Ji-woong] The Presidential Committee for Cultural Exchange has clarified that reports claiming JYP Entertainment has monopolized the trademark rights for the global K-pop festival 'FANOMENON' are false.According to the music industry on the 25th, the Committee for Cultural Exchange stated in an explanatory document, "JYP proceeded with the priority filing immediately after the launch ceremony to quickly secure and preempt the FANOMENON brand rights."It was explained that the joint filing format was then adopted, with JYP transferring 50% of the domestic trademark rights to the Ministry of Culture, Sports and Tourism to reflect the intention of public-private cooperation.The remaining domestic trademark rights held by JYP are also scheduled to be fully transferred to a dedicated corporation to be established for the promotion of the main event in the future. Overseas trademark rights, for which JYP is currently undergoing the priority process, are also planned to be transferred to the dedicated corporation.Previously, some media outlets reported that JYP, led by Co-chairperson Park Jin Young, had solely filed for the trademark rights of FANOMENON, a national K-culture festival.FANOMENON is a large-scale K-culture festival combining 'Fan' and 'Phenomenon,' scheduled to be held for 11 days in Seoul, Goyang, and other locations in December 2027.christ@tf.co.kr