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Last Updated: Did You Know South Korean Conglomerate JYP Entertainment Does Not Allow Dating? Did you know South Korean conglomerate JYP Entertainment does not allow dating? Read on to know the answers to "Why dating is not allowed in Kpop groups?" JYP Entertainment is a South Korean MNC company and a record label organisation that was founded by J.Y.Park in 1997. The company is currently one of the largest entertainment companies in South Korea. Being a conglomerate, it has its branches as a talent agency, record label, music production company, event management, concert production company and music publishing house as well.