JYPE gets “No Love, No More.”

As many of you probably know, JYPE is receiving “No Love, No More.”

The high and mighty JYP Entertainment is losing money. Currently, JYPE is being sued for a drama that one of their stars dropped out of. And a few days ago, JYP’s ex-wife initiated charges against JYP for psychological damage and division of assets. Also, as many of you may remember, JYPEand Rain had to own up for the cancellation of their 2007 concert in Hawaii.

Like that isn’t enough, with their reputation is going down the drain so is their money. From Jan. 1 to Dec. 31, 2009, JYPE experienced a net loss of about 2 billion won ($2,000,000). The loss is not suprising because of the2pm(Jaebom) incident. And not only is the Korea office leaking funds, so is JYPE USA. The U.S. office has a reported deficit of 2.8 billion won ($2.5 million) of the total 4 billion won (approximately $3.56 million) debt that the company currently holds.

Right now, it looks like the Wonder Girls (see Sunmi above) are his last hope. Good luck JYPE!!!