South Korean entertainment company
P Nation (Korean: ) is a South Korean entertainment company. The company operates as a record label, entertainment agency, and concert production company founded in 2018 by singer Psy. As of November 2022, the label had ten artists signed to the label. The record label is located in the Gangnam area.
History.
2019-present: Founding and first artists.
Following Psy's departure from YG Entertainment in 2018, Psy founded his own entertainment company, P Nation. Psy announced the first artist signed to his label in January 2019, the rapper Jessi. Later that month P Nation signed Hyuna and Dawn, after their joint departure from Cube Entertainment.
Following the announcement of the establishment of P Nation, the stock of DI Corporation, owned by Psy's father, rose for eight consecutive days, despite the companies having no business connections.
In April, SK Telecom invested 5 billion won in the company as part of their content investment strategy, bringing their sharehold to ten percent. In June, P Nation signed the singer Crush.
In September 2020, Heize, a rapper and singer previously signed to Stone Music Entertainment, was signed to the label. In November, it was announced that P Nation would join with JYP Entertainment to host a new survival reality show, titled "Loud", that would result in two new boy groups, one from each company. The program aired in 2021, following global auditions for the program. In December, P Nation signed D.Ark, a rapper who appeared on "Show Me the Money 777," "Show Me the Money 9" and "High School Rapper 4".
In April 2021, Penomeco and Swings were each announced to have signed with P Nation. On November 12, 2021, it was confirmed that D.Ark had left P Nation.
On May 17, 2022, P Nation debuted their first boy group, TNX, with 6 members. On July 6, 2022, it was announced that Jessi would be leaving P Nation after 3 years. On August 29, Hyuna and Dawn also left the label. In October 2022, P Nation launched an online fan forum called SoPSYety, based on non-fungible tokens (NFT).
On June 30, 2023, Hwasa signed with P Nation while performing on stage at founder Psy's Summer Swag concert. On September 15, P Nation officially signed An Shin-ae of The Barberettes.
Concert incidents.
In July 2022, Psy's Summer Swag concerts were under investigation for audience transmission of COVID-19. South Korea's Central Disaster and Safety Countermeasure Headquarters had received multiple reports from people who claimed to have contracted COVID-19 after attending a music concert that "sprays water". In August 2022, P Nation offices were raided by authorities investigating the death of a construction worker at a concert venue. The construction worker, in his 20's, had fallen to his death while dissembling Psy's Summer Swag concert venue.
References.
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