According to a report from the South Korean entertainment industry on Tuesday (11/01), Jay Park is currently in the process of establishing a new label.
This news emerged shortly after Jay Park resigned from his CEO position at the AOMG and H1GHR MUSIC labels he founded.
However, different from the two labels which are focused on hip hop musicians, Jay Park's new label will be focused on debuting a new boy group.
Furthermore, Jay Park's new label reportedly received a large amount of investment from the Kakao Entertainment company.
When questioned, Kakao Entertainment stated, "Jay Park is an artist who is active in various fields including as a singer, producer and many more. Kakao Entertainment is looking for a diversified business in the realm of music distribution by doing many collaborations, and it's true that we are currently in the business discussion stage with Jay Park. However, the exact details are yet to be established.”
Another entertainment industry representative said, "Jay Park has the ability to introduce a new wave in the K-Pop world with his own style, just like Park Jin Young who successfully debuted many idol groups of his own color."
Before establishing his own label, Jay Park is known to have debuted as a member of 2PM at the JYP Entertainment agency in 2008 ago. Fans of course can't wait for the boy group that will be debuted by Jay Park later. (www.kpopchart.net)
