JKN Global Group explained

JKN Global Group PCL
Native Name:บริษัท เจเคเอ็น โกลบอล กรุ๊ป จำกัด (มหาชน)
Former Name:STGCP (2013–2014)
JKN Living (2014)
Type:Public
Founder:Jakkaphong Jakrajutatip
Area Served:Worldwide
Key People:Apichat Pengsritong
(Chairman)
Jakkaphong Jakrajutatip
(CEO)
Industry:Conglomerate
Revenue:THB 1.804 billion (2021)
Predecessor:STG Multimedia
Location:Samut Prakan, Thailand

JKN Global Group Public Company Limited (formerly known as STGCP, JKN Living and JKN Global Media[1]) is a Thai multinational conglomerate founded by Jakkaphong Jakrajutatip. Its headquarters are in the JKN Empire building in Samut Prakan, Thailand. It comprises numerous businesses in various industries of foods, beverages, content distribution, cosmetics, health products, home shopping, energy drinks, entertainment, events, film, mass media, personal care, television advertisements, and television programs.[2] [3] [4]

JKN Global Group owns the television networks – JKN18, JKN Dramax and JKN-CNBC (in collaboration with Comcast's NBCUniversal),[5] [6] [7] the notable beauty pageants – Miss Universe, Miss USA, and Miss Teen USA,[8] [9] and the home shopping JKN Hi Shopping (in collaboration with Hyundai Home Shopping Network).[10]

In November 2023, JKN Global Group PCL filed for bankruptcy. Facing significant financial challenges, the firm submitted a petition for "business rehabilitation" to Thailand’s bankruptcy court. JKN, led by CEO Anne Jakapong Jakrajutatip, missed a crucial $12 million loan repayment deadline, prompting the bankruptcy filing. Despite this setback, JKN plans to continue operating and prioritizing the Miss Universe 2023.[11] [12] [13]

Major shareholders

As of March 25, 2022[14] [15]

RankMajor ShareholdersNo. of Shares % of Issued Capital
1 Jakkaphong Jakrajutatip322,923,173 53.16
2 Chalerm Harnphanich24,000,000 3.95
3 Pimauma Jakrajutatip23,358,150 3.84
4 BNP Paribas Singapore.20,000,000 3.29
5 Chonnipa Lamgorn6,200,250 1.02
6 Thai NVDR Company Limited.4,478,291 0.74
7 Wantanee Rujirawannakorn3,582,000 0.59
8 Aongart Wornwitlikhit3,450,000 0.57
9 Viboon Wadcharasurang2,649,500 0.44
10 Chanon Vanichvarakij2,325,000 0.38

Subsidiary company

CompanyDivisionFields of activity HeadquartersRef.
JKN Best Life, Co., Ltd.
  • JKN Hi Shopping, Co., Ltd.
  • Quatro P, Co., Ltd.
Consumer goods, cosmetics, health products, home shopping (JKN Hi Shopping), and television network (JKN18 and JKN-CNBC)Samut Prakan, Thailand[16]
JKN Global Content, Pte., Ltd.Content distribution
(sale and purchase of copyrighted contents overseas)
Celic Street, Singapore[17] [18]
JKN Legacy, Inc. (50%, joint venture with Legacy Holding Group USA Inc.)
  • JKN Universe, LLC.
  • JKN Universe FranchCo, LLC.
  • MUO Productions, LLC.
  • Miss USA BR Productions, LLC.
  • Miss USA Productions OH, LLC.
Beauty pageants and television program
(Miss Universe, Miss USA and Miss Teen USA)
New York City, United States
(MUO United States)
[19] [20] [21]

JKN18

JKN18
Launch Date:Satellite system:

Terrestrial digital:

Satellite and digital:
Owner:JKN Best Life Co., Ltd. (JKN Global Group) (50%)
Top News Digital Media Co., Ltd. (50%)
Picture Format:576i SDTV
Country:Thailand
Language:Thai
Area:Thailand
Southeast Asia (Satellites Only)
Headquarters:818 Soi Bearing 19 Moo 2, Samrong Nuea Subdistrict, Mueang Samut Prakan District, Samut Prakan, Thailand
Former Names:Daily News TV (2012–2014)
New TV (2014–2017)
New 18 (2017–2021)
Sister Channels:JKN-CNBC
JKN Dramax
Terr Serv 1:Digital
Terr Chan 1:Channel 18 (SDTV) (Thai PBS - MUX4) in Bangkok
Online Serv 1:TrueID
Online Chan 1:Watch live
Parent:Daily News (2012-2021)
JKN Global Group (2021-present)

JKN18 (Thai: เจเคเอ็น 18) is a Thai digital terrestrial television channel operated by JKN Best Life Co., Ltd., a subsidiary of JKN Global Group.

Formerly known as Daily News TV (Thai: เดลินิวส์ทีวี), it is a satellite television station affiliated with the Daily News newspaper before changing the name to New TV (Thai: นิวทีวี) and New 18 (Thai: นิว 18) after transitioning to digital TV and focus on presenting various documentaries, especially the Samrujlok documentaries by Next Step Co., Ltd., and news programs from Daily News. But since 8 March 2021, JKN has taken control of the 24-hour broadcast and the news programs that were originally broadcast have been moved to all online platforms and on 9 April, JKN has acquired New 18, then revised the channel's program schedule. Before it was starting to aired its programming in a new schedule on 5 May and changing the name of the station to JKN18 on 26 May.

On September 9, 2023, there was news that TOP News had negotiated with Jakkaphong Jakrajutatip, Chief Executive Officer and President of JKN Global Group to acquire JKN18, which is the same television station that used to have a rumor that a group of TOP News personnel will move to work at the end of 2020 by acquiring the business for a value of approximately 500,000,000 baht, which if successful will be called TOP News 18[22] But Jakkaphong denied through a notification to the Stock Exchange of Thailand on September 11 that it was only an agreement to produce joint news programs between JKN18 and TOP News, in which that TOP News programs will be appeared on JKN18, replacing the main news programs that self-produced by the channel itself, starting on September 18 of that year. TOP News will also ceased broadcasting on cable and satellite on September 30, 2023 to pave way for the full transition of the channel into the digital TV era, which will be broadcast its news programs on JKN18 only.[23]

After the process was completed, TOP News announced that it would end its satellite broadcasting and would move to broadcast on digital TV channel 18 from 18 September onwards and JKN18 has announced the dissolve of the former news staff including all JKN-CNBC news departments in order to clear the time slot for TOP News, while broadcasting via cable and satellite TV, which is TOP News' original channel, the boadcasting will continue as normal. But it will be a parallel broadcast from JKN18 only, and in some programs which are originally under the copyright of JKN, there will be no broadcasting on the cable and satellite channel. During its aforementioned time, the station will open an informercial program instead.

Presenters

Current

Former

JKN-CNBC

JKN-CNBC
Network:CNBC
Launch Date: (original)
(Facebook transmission)
(relaunch)
Closed Date: (original)
(relaunch)
Country:Thailand
Area:Nationwide
Owner:JKN Best Life Co., Ltd. (JKN Global Group with license from NBCUniversal International Networks)
Language:Thai
Headquarters:818 Soi Bearing 19 Moo 2, Samrong Nuea Subdistrict, Mueang Samut Prakan District, Samut Prakan, Thailand
Sister Channels:CNBC
CNBC World
CNBC Asia
Nikkei CNBC
CNBC Arabiya
CNBC Awaaz
CNBC-TV18
CNBC Africa
Class CNBC
CNBC Europe
CNBC Latin America
CNBC Indonesia
JKN18
JKN Dramax
Online Serv 1:Official website
Online Chan 1:Watch live

JKN-CNBC (Thai: เจเคเอ็น-ซีเอ็นบีซี) is a former online business news television channel owned by JKN Best Life Co., Ltd., a subsidiary of JKN Global Group, in collaboration with Comcast's NBCUniversal. It focused on business news programs from CNBC that is locally produced, such as Squawk Box, Power Lunch, Halftime Report, Worldwide Exchange and Capital Connection.

History

In November 2016, JKN News Co., Ltd., a subsidiary of JKN Global Media (now JKN Global Group), has acquired the rights from NBCUniversal to produce programs under CNBC's own brand. Under the brand "JKN-CNBC", the first program produced for broadcast was "First Class Thailand by JKN-CNBC" broadcast on Channel 3 SD from 1 June 2018 until 2019.

On 1 July 2019, JKN-CNBC began broadcasting CNBC's news programs in Thai for the first time on GMM 25, but only aired for 2-3 months, the channel had to withdraw all programs because the audience base is not suitable for the channel. Starting in September, CNBC's noon and evening news were adapted into JKN News' general news program and in October, the channel has stopped broadcasting the noon news and evening news produced by JKN News by allowing the news team of GMM 25 to resume producing the noon and evening news instead by modifying CNBC's morning news to be a general news program of JKN News instead but still producing news under the brand "JKN-CNBC" on other digital television channels and JKN-CNBC's Facebook page, as well as international news sections on GMM 25's noon news and evening news.

On 6 January 2020, JKN News Co., Ltd. officially opened the JKN-CNBC channel under the slogan "Your new economic news channel" by trial broadcasting documentaries, news programs and product sales programs throughout 24 hours via website www.jkncnbc.com, it is the first channel by bringing CNBC news programs that have been discontinued from GMM 25, including international news broadcasting during the noon and evening news of GMM 25, to be broadcast on JKN-CNBC instead.

JKN-CNBC's online television station ceased broadcasting on 30 September 2020. CNBC's news programs in Thai have moved to broadcast on JKN TV and JKN18 respectively. The station returned to open again under the slogan "Capitalize on it. Invest for a wealthy life", with Ratchaphol Lhaowanich as the editor-in-chief. It started broadcasting live via the JKN-CNBC Facebook page from 1 June 2022 and started broadcasting on AIS Play on 15 September 2022. JKN-CNBC's online television station ceased broadcasting again on 15 September 2023 alongside the closing of JKN18's news department, due to JKN18 already did a partnership with TOP News, starting on 18 September of that year.

Former programming

Last Presenters Before Closing the Channel

JKN Dramax

JKN Dramax
Launch Date: (as HIGH Shopping)
(as JKN Hi Shopping)
(as JKN Dramax)
Owner:JKN Best Life Co., Ltd. (JKN Global Group)
Picture Format:576i SDTV
Country:Thailand
Language:Thai
Area:Thailand
Headquarters:818 Soi Bearing 19 Moo 2, Samrong Nuea Subdistrict, Mueang Samut Prakan District, Samut Prakan, Thailand
Former Names:HIGH Shopping (2016-2021)
JKN Hi Shopping (2021-2023)
Sister Channels:JKN18
JKN-CNBC
Online Serv 1:JKN Hi Shopping
Online Chan 1:Watch live
Parent:Intouch Holdings (2016-2021)
JKN Global Group (2021-present)

JKN Dramax (Thai: เจเคเอ็นดราแม็กซ์) (formerly known as HIGH Shopping (Thai: ไฮช็อปปิ้ง) and JKN Hi Shopping (Thai: เจเคเอ็นไฮช็อปปิ้ง)) is a drama-focused television channel owned by JKN Best Life Co., Ltd., a subsidiary of JKN Global Group. The channel focused on drama series from Thailand, India and the Philippines as well as home shopping infomercials from JKN Hi Shopping (in collaboration with Hyundai Home Shopping Network). It was launched on January 6, 2016 as HIGH Shopping, it was originally a home shopping channel from its inception until July 2023 when it was transform into a drama-focused channel. The channel was formerly owned by Intouch Holdings' Intouch Media through HIGH Shopping Co., Ltd. before it was acquired 51% of the company and its channel and changed its name of the company and its channel to JKN Hi Shopping on September 21, 2021. It was later changed its name to JKN Dramax on August 1, 2023. The name of the channel has been recently reused due to its former channel known as JKN TV has previously used the JKN Dramax name that replacing the JKN name at the time from 11 July 2016 until 30 September 2020. It also has 2 OTT channels previously being aired called JKN Namaste (in collaboration with The Walt Disney Company's Fox Networks Group) and JKN Zee Magic (in collaboration with Zee Entertainment Enterprises), respectively.

Notes and References

  1. Web site: JKN Global Group: Annual Report 2019. April 13, 2020. October 26, 2022 . JKN Global Group.
  2. Web site: Companies/Securities in Focus: JKN GLOBAL GROUP PUBLIC COMPANY LIMITED. October 26, 2022 . Stock Exchange of Thailand.
  3. Web site: JKN Global Group: Cooperation Profile. October 26, 2022 . JKN Global Group.
  4. Web site: JKN Global Group: General. October 26, 2022 . JKN Global Group.
  5. Web site: JKN ทุ่มงบ 1,000 ล้าน ซื้อช่อง NEW18. April 9, 2021. October 26, 2022 . Prachachat.
  6. Web site: 'แอน จักรพงษ์' โพสต์ หลักฐาน จ่ายเงิน กสทช. กว่า 100 ล้านซื้อช่อง NEW18 สู่ช่อง JKN18. May 20, 2021. October 26, 2022 . Matichon.
  7. Web site: JKN รุกสนามข่าวปั้น JKN-CNBC สถานีข่าวเศรษฐกิจ 24 ชั่วโมง. May 20, 2021. September 6, 2022. Thansettakij.
  8. Web site: JKN acquires Miss Universe Organization. October 26, 2022. October 26, 2022 . Bangkok Post.
  9. Web site: Thai businesswoman buys Miss Universe pageant for $20 mln. October 26, 2022. October 26, 2022 . Reuters.
  10. Web site: " ฌอน ลิม ซ็อก" นั่งแท่นบริหาร JKN Hi Shopping. November 24, 2021. October 26, 2022 . Manager Daily.
  11. News: 2023-11-10 . Thai owner of Miss Universe goes bankrupt . en-GB . BBC News . 2023-11-10.
  12. Web site: Choi . Christy . 2023-11-10 . Miss Universe owner files for bankruptcy days before pageant . 2023-11-10 . CNN . en.
  13. News: 2023-11-09 . Miss Universe Pageant Owner Files for Debt Rescue in Thai Court . en . Bloomberg.com . 2023-11-10.
  14. Web site: JKN Global Group: Major Shareholders. March 25, 2021. October 28, 2022 . JKN Global Group.
  15. Web site: JKN Global Group: Major Shareholders. March 25, 2021. October 28, 2022 . Stock Exchange of Thailand.
  16. Web site: JKN ปรับแผนยกเลิกซื้อหุ้น JKN Global Living ดัน JKN Best Life รุกค้าปลีกแทน. May 21, 2021 . October 28, 2022 . InfoQuest.
  17. Web site: JKN Establishes a New Subsidiary in Singapore to Sell and Purchase Contents Overseas . May 21, 2021 . October 28, 2022 . Kaohoon.
  18. Web site: JKN ตั้งบริษัทย่อยในสิงคโปร์ ดำเนินธุรกิจซื้อ-ขายคอนเทนต์ต่างประเทศ . March 20, 2021 . October 28, 2022 . Line Today.
  19. Web site: JKN ประกาศการเข้าถือครองกิจการจาก IMG Worldwide, LLC คว้าธุรกิจองค์กรนางงามจักรวาล หรือ MUO ก้าวสู่การเป็น Global Content Commerce Company. October 26, 2022 . October 26, 2022 . JKN Global Group.
  20. Web site: Acquisition of Miss Universe Organization including related licensing. October 26, 2022 . October 26, 2022 . JKN Global Group.
  21. Web site: การได้มาซึ่งกิจการทั้งหมดขององค์กรนางงามจักรวาล (Miss Universe Organization) รวมถึงลิขสิทธิ์ที่เกี่ยวข้องกัน. October 26, 2022. October 26, 2022. Stock Exchange of Thailand. October 26, 2022. https://web.archive.org/web/20221026023309/https://classic.set.or.th/dat/mds_news/news/1327NWS261020220845410783T.pdf. dead.
  22. News: 2023-09-09. สะพัดท็อปนิวส์ดีลซื้อช่อง JKN 18 รุกผลิตข่าว-ขายสินค้า. Manager Online. 2023-09-09.
  23. News: 2023-09-11. "แอน-จักรพงษ์" แจง ตลท.ไม่ได้ขายสถานีช่อง JKN18 ให้กับ TOP NEWS แค่จับมือผลิตรายการข่าว. Siam Rath. 2023-09-11.