[2026 National Audit] Park Jin Young points out "Phenomenon special treatment" and says, "Instead, four companies sacrificed."

Rep. Bae Hyun-jin "No reason for the state to get involved in an event by four companies"Park Jin Young "I accept the criticism, but it's a sacrifice, not preferential treatment."Park Jin Young, co-chair of the Committee for the Exchange of Popular Culture, has completely denied accusations of preferential treatment for the four major entertainment agencies. Chairman Park is answering questions at the parliamentary audit of the Ministry of Culture, Sports and Tourism held at the National Assembly's Culture, Sports and Tourism Committee on the afternoon of the 7th. / National Assembly = Reporter Bae Jeong-han[THE FACT|Reporter Choi Hyun-jung] Park Jin Young, JYP Entertainment's representative producer and co-chair of the Committee for the Exchange of Popular Culture, has directly refuted the controversy over preferential treatment for "Phenomenon."Park Jin Young appeared as a witness at the parliamentary audit of the Culture, Sports and Tourism Committee at the National Assembly on the afternoon of the 7th and stated his position on the activities of the Committee for the Exchange of Popular Culture and the progress of "Phenomenon."On this day, Rep. Bae Hyun-jin of the People Power Party pointed out, "After JYP Entertainment filed for the trademark for 'Phenomenon' in Korea in October last year, it filed for trademarks in the United States, Japan, and Mexico for six months," adding, "Even if there was urgency at first, JYP Entertainment continued to be in charge for the subsequent five months."Rep. Bae also said, "3.7 billion won was contributed to the Committee for the Exchange of Popular Culture this year, and a budget of 15 billion won is planned for next year. In the future, hundreds of billions of won will be directly and indirectly supported for 'Phenomenon,' but the state will only hold 50% of the domestic shares, while JYP Entertainment will hold all overseas shares," and announced, "It was said that it would be transferred to a dedicated corporation, but that dedicated corporation is also a joint venture composed of HYBE, SM Entertainment, JYP Entertainment, and YG Entertainment."Rep. Bae Hyun-jin of the People Power Party is questioning Park Jin Young, chairman of the Committee for the Exchange of Popular Culture, who appeared as a witness at the parliamentary audit of the Ministry of Culture, Sports and Tourism held at the National Assembly's Culture, Sports and Tourism Committee in Yeouido, Seoul, on the afternoon of the 7th. / Reporter Bae Jeong-hanIn response, Chairman Park Jin Young said, "That should not happen. We intend to transfer it to a dedicated corporation," and Minister of Culture, Sports and Tourism Choi Hyun-young said, "'Phenomenon' is currently in the process of being explored in discussion with the four major agencies. I am well aware of your concerns, but 'Phenomenon' is not a case where the four major agencies have entered into an event organized by the government for their own benefit. It is a project based on the achievements of the four major agencies, and it will not be realized if any one of them lets go. Therefore, the process may differ from the existing one. Please understand this specificity."However, Rep. Bae said that the participation of the four major agencies in "Phenomenon" itself is "preferential treatment." Rep. Bae raised his voice, saying, "In fact, if the four major agencies were to create an event together, they could just do it themselves. There is no need for the government to be involved." "Coachella's revenue is 270 billion won and its economic effect is 550 billion won. 'Phenomenon' has announced an economic effect of 1 trillion won. It is preferential treatment for the state to support this and for four companies to monopolize it."In response to Rep. Bae's criticism, Chairman Park Jin Young said, "I believe all the points you raised are valid. I will check the contract properly," adding, "The four companies participating in 'Phenomenon' can generate twice or three times the immediate profit if they perform separately. However, they participated in this by making sacrifices to create a national event with long-term ripple effects. I do not think it is correct to say that they are receiving preferential treatment."He added, "It would be good to calmly review everything and prepare well, but from the perspective of those working on the ground, the changes over the past year have been too great. Too many things have happened, and I think the trademark was obtained through abnormal methods due to haste. There was no other intention."The Committee for the Exchange of Popular Culture is a presidential committee co-chaired by JYP representative producer Park Jin Young and Minister of Culture, Sports and Tourism Choi Hyun-young.The Committee for the Exchange of Popular Culture announced the "Phenomenon," a large-scale music festival and awards ceremony to be held in December 2027, and HYBE, SM Entertainment, JYP Entertainment, and YG Entertainment will participate in "Phenomenon" by forming a joint venture.laugardagr@tf.co.kr[Entertainment Department | ssent@tf.co.kr]