Fanomenon Co., backed by four South Korean entertainment agencies, has registered with a charter covering businesses beyond its planned 2027 K-pop festival, The Korea Herald reported, citing corporate registry records.
Registered Oct. 26, the company has 4 billion won ($3 million) in paid-in capital, the report said. That represents 800,000 common shares at 5,000 won apiece. The charter permits a total of 5 million shares, worth 25 billion won at that price.
The company’s listed activities include running performance venues, handling ticket sales, licensing intellectual property and investing in culture and entertainment. It may also produce and distribute food, fashion goods and merchandise, according to the report.
Park Yun-suh, who previously worked at Hybe and JYP Entertainment, is the CEO and sole inside director. Hybe, SM, JYP Entertainment and YG Entertainment each have one nonexecutive director. The company also has an auditor, the Herald reported.
The venture’s formation follows a dispute over control of the Fanomenon name. The Herald reported that JYP pursued the trademark separately. At an Oct. 7 parliamentary audit, J.Y. Park, co-chair of the Presidential Committee on Popular Culture Exchange, said his team sought to prevent another party from claiming the name. He described a plan to transfer the rights after the company running the project was established.
According to The Herald, the Oct. 23 contract revision sent to the National Assembly proposed equal trademark shares for the joint venture and Culture Ministry. Culture Minister Chae Hwi-young said the ministry would consider a more direct role in the venture.
Fanomenon will take place Dec. 2-12, 2027, at Seoul Arena in Changdong and at Kintex in Goyang. Plans for the event include K-pop performances, fandom awards and corporate exhibitions.
