JYP Entertainment founder and chief creative officer (CCO) Park Jin-Young is stepping down from his inside director position and embarking on a new path. Coincidentally, on the same day he was named to the "Billboard Global Power Players," a recognition of influence in the global music industry, once again proving his presence.
On the 10th, JYP Entertainment said, "Park Jin-Young will resign from his inside director position and will not undergo reappointment as an inside director at the shareholders meeting to be held on the 26th." It said Park Jin-Young stated he plans to concentrate on creative activities as an artist, nurturing junior artists, and external activities for the K-pop industry.
On the same day, Billboard announced the "2026 Billboard Global Power Players" on its official website and selected Park Jin-Young, CEO Jeong Wook, and Shin Hyun-kook, CEO and chief strategy officer (CSO) of JYP America. This list is especially meaningful because it annually selects and announces leaders who exert influence in the global music market outside the United States.
In particular, they proved their influence in the global music industry by ranking 12th in the multisector category of the "Billboard Power 100 2026," announced in January.
Billboard highlighted JYP's achievements, saying, "It achieved record revenue in the second quarter of 2025," and spotlighted Stray Kids' large-scale world tour results. With about 491,000 attendees from 13 North American shows alone, it recorded $76.2 million in revenue, and was evaluated as the K-pop tour with the highest ticket sales and revenue in North America by Billboard Boxscore standards. Billboard also cited JYP's artist development system as a competitive strength and highly praised the company for successfully producing a variety of global artists.
Although he is stepping down from the inside director position, his influence in the global music market appears to be expanding even further. With Park Jin-Young stepping back from the front lines of management, attention is focused on how he will lead the future of K-pop going forward.
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