2PM's Jang Woo-young expressed regret that he took cash instead of stock when he renewed his contract with JYP Entertainment (JYP Ent.).
16th, the YouTube channel "ddun ddun" released the web variety show "Mini Excuse Go," featuring Jang Woo-young and Mamamoo's Hwasa as guests.
In the video, Yoo Jae-seok said, "Wooyoung is a JYP executive." Jang Woo-young replied, "I'm not an internal director at JYP, I'm an external cooperation director."
Jang Woo-young said he currently does not hold any JYP stock. He said, "When you do your first renewal, they usually give you the option to receive the signing bonus in stock or cash," and added, "At the time, I didn't know how the company would turn out. (Park) Jin-young said, 'This could come off not as giving an option but as making it look like we're asking you to invest in the company.' After thinking it over for a few days, he told them to give it to me in cash, not equity."
Then Jang Woo-young said, "Looking back, I could go crazy." On-screen captions noted that JYP Entertainment's share price had surged and that, as of 2023, its market capitalization had grown 16-fold in 10 years.
Cho Sae-ho, who was next to him, asked, "If you could turn back time, how much do you think you would buy?" Jang Woo-young said, "I probably would have bought it all."
Yoo Jae-seok then said, "There aren't many people who actually took stock and made a profit."