J.Y. Park made a grand announcement recently.

On March 5, J.Y. Park took to his YouTube channel ASAP Studio to make an important announcement through a video titled, "[EXCLUSIVE] JYP's J.Y. Park Major Announcement."

In the video, J.Y. Park stated, "At JYP Entertainment, as of today, we officially announce that we are temporarily giving up on NMIXX's Bae. We hope that she can freely express her untapped potential without restraint. This concludes the official announcement."

He continued to direct his message to Bae saying, "Is it still recording? Bae, since it's become like this, try everything you want to do. But Bae, you'll soon realize, things won't go as you think when you try..."

By the end of the video, it was revealed that J.Y. Park's statement signaled the beginning of a new web entertainment show, 'The Second Life of Those Given Up by Company,' (Literal translation, tentative title).

The video then shows, Bae sharing, "I wanted to be a teacher when I was younger. I'm scared but I think it's going to be fun" and showed Bae experiencing different activities such as teaching kids how to dance.