JKN Global Group

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JKN Global Group Public Company Limited (formerly known as STGCP, JKN Living and JKN Global Media) was 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. JKN Global Group owns the television networks – JKN18, JKN Dramax and JKN-CNBC (in collaboration with Comcast's NBCUniversal), the notable beauty pageants – Miss Universe, Miss USA, and Miss Teen USA, and the home shopping JKN Hi Shopping (in collaboration with Hyundai Home Shopping Network). 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. In 2025 JKN was delisted from the stock exchange of Thailand for submitting false financial documents. Shareholders were allowed to temporarily trade until the final permanent delisting of the company. Anne Jakapong Jakrajutatip stepped down from her positions earlier in June 2025 citing investigation and being banned for 56 months. Creditors also allege that the sale of Miss Universe to Legacy Holding is illegal and was not approved by the Central Bankruptcy Court. The company is currently facing financial turmoil as there is a debt amounting 7 billion baht. Grant Thornton was appointed the main proprietor of the rehabilitation plan but the Court of Appeal later ruled there is no viable way of restructuring.