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JYP Entertainment  ( JYP Co. Ltd. Hangul : ) is a Korean record label founded in  South Korea in  1997 by Park Jin Young .
 founded by: JYP Entertainment, South Korea in
Given a phrase that describes the relationship between two words, extract the words and the lexical relationship between them. The output format should be "relation1: word1, word2; relation2: word3, word4". 
Option: cities of residence, top members employees, members, alternate names, origin, state or provinces of residence, title of person, spouse, city of headquarters, NA, founded by, state or province of headquarters, employee of, countries of residence, country of birth, founded, subsidiaries, country of headquarters 
Text: {0} 
Answer:
 founded by: JYP Entertainment, South Korea in