JYP Entertainment‘s CEO, Park Jin Young (also known as JYP and J.Y. Park), recently revealed which of his songs bring him the most royalties.
On November 1, Park Jin Young and HYBE‘s chairman Bang Si Hyuk appeared as guests on tvN‘s talk show You Quiz on the Block, where they conversed with hosts Yoo Jae Suk and Jo Se Ho about their friendship and careers.
During the broadcast, Jo Se Ho revealed the estimated wealth of Bang Si Hyuk and Park Jin Young, according to Forbes.
Forbes estimates that Bang Si Hyuk’s wealth is $29 billion, and Park Jin Young’s is ₩522 billion KRW (about $399 million USD).
— Jo Se Ho
They then revealed that they got a lot of royalties from writing logo songs for big companies. Park Jin Young composed the KBS logo song, and Bang Si Hyuk created the Homeplus commercial song. When Yoo Jae Suk jokingly asked them how much they received for these logo songs, Park Jin Young responded proudly.
At that time, it was at the top of my year-end settlement. Among my songs, it kept coming up. The producer asked me to write it, so I had no choice, but now it’s quite good. I still get money coming in now. Consistently.
— Park Jin Young
Yoo Jae Suk expressed his amazement and joked that writing a logo song was the “goldmine” for making money. He then asked Park Jin Young which of his songs he received the most royalties for, and Park Jin Young named one of his groups.
Recently, it’s without a doubt, TWICE songs. The scale is just different.
— Park Jin Young
According to the Korea Music Copyright Association (KOMCA), Park Jin Young has 626 registered songs. He wrote for many of his artists, from 2000s musicians like Rain and god to more recent groups like Stray Kids and TWICE. It appears that, currently, he receives the most money from TWICE’s songs.
Composed of nine members, TWICE is a group that was formed through the television program Sixteen in 2015. They debuted with the song “Like Ooh-Ahh” and gained global success with their hit songs “Cheer Up,” “TT,” “KNOCK KNOCK,” “FANCY,” “Dance the Night Away,” and “The Feels.” As of March 2023, TWICE has more than 204 released songs.