If selected, she will have to move to Seoul, possibly for three years, to be groomed as a solo artist or part of a new girl group.
South Korean pop music and dramas have millions of fans around the world, part of a phenomenon known as "hallyu" or the Korean cultural wave.
JYP's casting manager, Jane Kim, said having a Kiwi K-Pop star could cement its hold on the Kiwi fan base.
Miss Kim said having a Thai, Nichkhun Horvejkul, in her company-backed boy band 2PM had done wonders for the industry in Thailand.
"Now lots of Thai bands are even copying K-Pop's dancing style singing groups," she said.
"That's probably what would happen here too if there was a Kiwi star."
JYP will be holding auditions all day on Saturday at the Rendezvous Hotel.
SM Entertainment's auditions will be the following weekend.