JYP Entertainment Corporation (KOSE:A035900) entered into a contract to acquire JYP Entertainment Co., Ltd. from LOEN Entertainment, Inc. (KOSE:A016170), Mediacorp, Inc., Jin-Young Park and other sellers for KRW 51 billion in stock on June 19, 2013. JYP Entertainment Corporation will issue 3.7697551 shares for each share of JYP Entertainment Co., Ltd. Jin-Young Park will sell 44.17% stake, LOEN Entertainment, Inc. will sell 25.45% stake and Mediacorp, Inc. will sell 18.40% in the transaction. JYP Entertainment Co., Ltd will be merged with JYP Entertainment Corporation after the transaction. The Board of Directors of JYP Entertainment Corporation resolved the merger on June 19, 2013. The shareholder confirmation date for the general meeting of shareholders for merger for JYP Entertainment Corporation and JYP Entertainment Co., Ltd. is September 10, 2013. The transaction is expected to close on November 15, 2013.

As of August 23, 2013, the transaction exchange ratio has been revised to 1:3.5399361. As of August 30, 2013, the transaction exchange ratio has been revised to 1:3.5367412. As on September 13, 2013, transaction was approved by shareholders of JYP Entertainment Co., Ltd. As of October 22, 2013 LOEN Entertainment, Inc. has completed the sale of stake in JYP Entertainment Co to JYP Entertainment Corporation.