Group Blackpink member Jennie received settlement payments of about 23.8 billion won from her personal label OA Entertainment over two years.
According to the audit report filed on the Financial Supervisory Service electronic disclosure system released on the 9th, OA Entertainment paid Jennie about 9.47 billion won last year. Adding the approximately 14.3 billion won paid in 2024 brings the two-year total settlement payments to around 23.8 billion won.
Jennie ended her exclusive contract with YG Entertainment in November 2023 and established the one-person agency OA Entertainment, under which she is active. YG Entertainment handles Blackpink's group activities, but her solo albums and personal activities are conducted through the one-person agency.
OA Entertainment is 100% owned by Jennie, and the CEO is Jennie's mother.
The company also showed growth in performance. OA Entertainment's sales last year were 23.8 billion won, up about 26% from the 18.9 billion won in its first year of operation. However, operating profit was 390 million won, somewhat down from 580 million won the previous year.
Jennie also provided funding during the company's operations, and short-term borrowings at the end of last year were 2.86 billion won, eight times higher than the previous year.
Meanwhile, when Jennie established the one-person agency, she appeared on The Seasons - Lee Hyori's red carpet and explained the reason for founding the company, saying, "I cautiously established the company because I wanted to try personal activities freely and comfortably."
She added, "Odd Atelier — actually, some of the crew members I've worked with for a long time came with me, and I just want to do all activities freely," and "So I made the name to mean that even if the path I take is strange or different from others, I will do well."
[Photo] OSEN DB
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