J.Y. Park Buys 6,200 Reduced JYP Entertainment Shares.

J.Y. Park, founder and CCO of JYP Entertainment, bought 6,200 new shares for over 5 billion KRW (~ $3.7 million USD) at an average price of 83,000 KRW per share.

J.Y. Park made the purchases between January 17-18, according to a Financial Supervisory Service bulletin on January 18. This raises the founder’s JYPE shares from 15.22% to 15.37%.

JYP Entertainment’s stock dropped 19.25% in recent days. J.Y. Park may have bought more shares at a “discounted price” during the fluctuation.