Fanomenon company launches with W4b, board seats for Hybe, SM, JYP, YG

The joint venture formed by Hybe, SM, JYP and YG Entertainment to run Fanomenon, the government-backed K-pop festival slated for December 2027, was officially registered on Oct. 26, according to its corporate registry. Fanomenon Co. was launched with 4 billion won ($3 million) in paid-in capital, consisting of 800,000 common shares at 5,000 won each. Its articles allow for up to 5 million shares, leaving room to raise capital of up to 25 billion won. Park Yun-suh, born in 1993, will run the newl