AdvertisementAdvertisementBusiness27 Oct 2026 08:52AM (Updated: 27 Oct 2026 09:31AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST SEOUL, Oct 27 : South Korean pop music agency JYP Entertainment's shares jumped 10 per cent on Tuesday after Korean media reported Japan's Nexroc Group and related firm SVCV Inc were planning to announce a tender offer to buy up to a 50 per cent stake in the company.The 50 per cent stake is worth about 700 billion won ($528.04 million) based on JYP's current market capitalisation.JYP said it has not received a tender offer. Nexroc Group was not immediately available to comment.JYP Entertainment, founded by South Korean singer-songwriter and producer Park Jin-young (J.Y. Park), is one of South Korea’s leading K-pop entertainment companies, with its main artists including popular K-pop groups such as TWICE, Stray Kids, ITZY and DAY6.Show MoreShow LessThe two companies said in a press release that they are targeting between 25 per cent and 50 per cent of JYP's issued shares, with a tender offer price at a 30 per cent premium to a benchmark share price, Yonhap News Agency and other media said."The 'pre-tender offer announcement' of JYP Entertainment by NEXROC and SVCV is not typical and could be made illegal by the Korean financial authorities," said Douglas Kim, an independent analyst who writes on Smartkarma."A company has to launch a tender offer when they have enough financial backing/assets that would allow them to launch a tender offer," he said, adding that allowing such a pre-tender offer "could set a bad precedent in the Korean equity markets."($1 = 1,325.6500 won)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST