[Official] JYP's Godeok New Headquarters Cancelled After Three Years? "Reviewing Response Options from Multiple Angles"

*This content was translated by AI.

JYP Entertainment (hereinafter referred to as JYP) stated that it is "reviewing the matter from multiple angles" regarding whether its plan to build a new headquarters in Godeok Biz Valley, Gangdong-gu, Seoul, has been scrapped.

A JYP representative told StarNews on the 10th that they are "currently reviewing various response options" concerning the issue of canceling the Godeok new headquarters project.

Earlier today, TenAsia reported that JYP had decided to withdraw from its plan to construct a new headquarters in Godeok-dong, Gangdong-gu, Seoul.

In this regard, it is understood that Yoo Hyun-jun, a professor in the Department of Architecture at Hongik University's College of Architecture and Urban Planning, who was responsible for designing JYP's new headquarters, stated that he received notification from JYP on the 9th regarding their decision to withdraw from the project.

Previously, in October 2023, JYP publicly disclosed that it had won a bid for approximately 16,75 square meters of land designated for retail and sales facilities in Godeok-dong, Gangdong-gu, Seoul, from the Korea Housing and Urban Development Corporation (KHU) at a price of about 75.536 billion won. At the time, JYP founder Park Jin-young explained on his YouTube channel 'Pisik University' that "it was difficult to find such a large flat area. The site is about five times larger than our current headquarters. It was public land, and after people submitted bids, we were selected as the winner."

JYP had previously announced that the new headquarters was scheduled to be built with 28 floors in 2028.

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*This content was translated by AI.