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[Alpha Biz=(Chicago) Reporter Kim Jisun] Entertainment stocks are mixed over whether to resume BTS· Blackpink
According to the Korea Exchange on the 23rd, YG Entertainment's stock price fell 2,800 won (-4.05%) to 66,400 won the previous day.
YG Entertainment's stock price is on the decline due to uncertainties over whether Blackpink members will renew their contracts. The company's stock price has been on the decline since rumors of a romantic relationship with Thai member Lisa were reported. All but the 19th fell from the 15th to the 21st. Shares of YG Entertainment fell 14 percent during the same period.
The stock price soared to 97,000 won in the first quarter of May, recording an "earning surprise." However, as G-Dragon's contract expired in June, it fell to around 80,000 won and defended 70,000 won to 80,000 won It was pushed back to 67,500 won on the 21st. It is the first time in four months that stock prices have hit the KRW 60,000 mark based on the closing price since May 11 (KRW 66,700).
Shares of YG Entertainment, which soared in the first half of this year, have been sluggish because the exclusive contract period with Black Pink, the agency's leading idol group, has passed, but there has been no special mention of the renewal. Only YG Entertainment has announced that it is discussing the transfer of members.
HYBE also announced its decision to renew all contracts with BTS members on the 21st. Stock prices fell 5% on the same day, but rebounded to 235,000 won the next day. According to HYBE, BTS members will be active as a whole from 2025 after completing their military service sequentially.
YG Entertainment also assessed that its growth potential is strong apart from Black Pink.
Stock markets predict that entertainment stocks will continue their upward rally again as fifth-generation new idol groups released by large agencies have made their debuts one after another and have solid basic physical strength.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
