JYP Entertainment said it has decided to correct its decision to acquire land worth KRW 7.6 billion from Seoul Housing & Communities Corporation as of October 2023, noting that after lot subdivision registration it plans to sell the property.

JYP Entertainment corrected the material event report (decision to acquire tangible assets) it submitted on October 2023. The company originally decided to acquire land of 10,675 ㎡ in Godeok-dong, Gangdong-gu, Seoul for the purpose of constructing a new headquarters, but has changed this to planned sale after lot subdivision registration. The transaction amount with Seoul Housing & Communities Corporation is KRW 75.5 billion, with the down payment of KRW 7.6 billion scheduled for October 30, 2023 and the balance of KRW 68 billion scheduled for October 24, 2024.

1. 01

   The company corrected its prior disclosure as of October 24, 2023 (for the purpose of acquiring tangible assets); the original purpose was to construct a new headquarters, but this has been changed to planned sale after lot subdivision registration.

2. 02

   The company will acquire land of 10,675 ㎡ located in Godeok-dong, Gangdong-gu, Seoul from Seoul Housing & Communities Corporation for KRW 75.5 billion.

3. 03

   The down payment of KRW 7.6 billion is scheduled for October 30, 2023, and the balance of KRW 68 billion is scheduled for October 24, 2024.

4. 04

   An external accounting firm, Finewood, evaluated the appropriateness of the acquisition price and said the opinion is 'appropriate'.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Acquisition amount

KRW 75.5 billion

Total assets

KRW 411.1 billion

As a percentage of total assets

18.37%

Down payment (10%)

KRW 7.6 billion

Balance (90%)

KRW 68 billion

Land area

10,675㎡

Filing facts

Filing type

Investment

Report name

[Amended] Decision on Acquisition of Tangible Assets

Filed

Oct 8, 2026

Receipt number

20261008000398