{"id":402951,"date":"2026-04-17T06:19:10","date_gmt":"2026-04-17T06:19:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/402951\/"},"modified":"2026-04-17T06:19:10","modified_gmt":"2026-04-17T06:19:10","slug":"south-koreas-four-main-k-pop-agencies-planning-to-launch-new-global-music-festival","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/402951\/","title":{"rendered":"South Korea&#8217;s four main K-pop agencies planning to launch new global music festival"},"content":{"rendered":"<p dir=\"ltr\">South Korea\u2019s four largest K-pop music labels \u2013 SM Entertainment, YG Entertainment, JYP Entertainment and Hybe \u2013 are preparing to form a joint venture to launch a large-scale global music festival project tentatively titled Fanomenon, combining the words \u2018fan\u2019 and \u2018phenomenon\u2019.<\/p>\n<p dir=\"ltr\">On Thursday (Apr 16), JYP Entertainment confirmed discussions about this venture with South Korean news platform, OSEN.\u00a0\u00a0<\/p>\n<p dir=\"ltr\">The label told OSEN: \u201cIt is true that we are discussing a public-private co-operation model with the government&#8217;s The Presidential Committee on Popular Culture Exchange to expand the global reach of the K-culture industry.\u201d<\/p>\n<p dir=\"ltr\">It added that the four companies are currently in the preliminary discussions and planning phases. As this requires \u201cindustry-level co-operation rather than individual corporate action, [they] are reviewing an inter-company collaboration structure\u201d. Details such as business structure and operations are yet to be finalised.<\/p>\n<p dir=\"ltr\">The four have also filed a corporate merger notification with the Korea Fair Trade Commission, South Korea&#8217;s regulatory authority for economic competition.<\/p>\n<p dir=\"ltr\">The festival is currently targeted for a December 2027 debut in South Korea before touring major global cities from 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"South Korea\u2019s four largest K-pop music labels \u2013 SM Entertainment, YG Entertainment, JYP Entertainment and Hybe \u2013 are&hellip;\n","protected":false},"author":2,"featured_media":402952,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[93,61,60,6521,278,541],"class_list":{"0":"post-402951","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-music","8":"tag-entertainment","9":"tag-ie","10":"tag-ireland","11":"tag-k-pop","12":"tag-music","13":"tag-south-korea"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/402951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=402951"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/402951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/402952"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=402951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=402951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=402951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}