Jennie, a member of the girl group Blackpink, appears to have received settlement payments in the 20 billion won range about two years after establishing a one-person agency.
According to the Financial Supervisory Service's electronic disclosure system on the 11th, OA Entertainment, founded by Jennie, paid her 9.47955 billion won last year. In 2024, it paid 14.37856 billion won, bringing the two-year settlement total to about 23.8 billion won.
Jennie established the one-person agency OA Entertainment in 2023 after her exclusive contract with YG Entertainment expired. Jennie holds 100% equity, and the CEO is her mother.
OA Entertainment posted 23.8 billion won in revenue last year, up 26% from the same period a year earlier (18.9 billion won). However, operating profit fell from 580 million won in 2024 to 390 million won last year. It is attributed to preemptive investment for business expansion, including building human infrastructure and increased commission payments.
OA Entertainment is known to have nine employees, and the total compensation paid to employees last year was about 1.081 billion won. A simple calculation estimates per-capita compensation at around 120 million won.
Jennie also directly injected funds into running the company. She provided interest-free support in the form of short-term borrowings. The balance of short-term borrowings rose from around 345 million won at the end of 2024 to 7.9 billion won last year, then, after repaying 5.3 billion won, the balance of short-term borrowings maturing at the end of this year stands at around 2.8 billion won.
Meanwhile, Jennie was included in Time's "TIME100: The Most Influential People of the Year" last month. She was the only K-pop artist on the list. She also attended the "Met Gala" event at the Metropolitan Museum of Art in Manhattan, New York, on the 4th (local time), continuing her trajectory as a global star.