Saturday, April 24, 2010

$3.5 million worth of JYP’s Properties Seized


As many of you know already, JYPE and JYP are being sued and losing money at the same time. Hard to believe that such a successful entertainment company with many hit idol groups like 2PM, 2AM, andWonder Girls has been receiving no love.

On April 21th, JYP’s lawsuit with his exwife cost him $3.5 million. As a result, JYP had to give up his apartment ($1.5 million) and his JYPE headquarters for ($2 million).

What do you think will happen? Will JYP bounce back?

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