Home Entertainment Renewed BLACKPINK contract boosts YG Entertainment’s stock price AKP STAFF

Renewed BLACKPINK contract boosts YG Entertainment’s stock price AKP STAFF

Posted December 6, 2023 by TH0102

On December 6 KST, YG Entertainment witnessed a significant surge in its stock price, trading at 58,000 won per share, marking a remarkable increase of 10,000 won (20.83%) from the previous trading day.

This surge in YG Entertainment’s stock price came immediately after the official announcement of the contract renewal with the entire BLACKPINK group. The stock price, which had previously dipped into the 40,000 won range due to uncertainties surrounding BLACKPINK’s contract renewal, made a strong rebound and approached the 60,000 won range.

In its official statement, YG Entertainment stated, “After thorough discussions with BLACKPINK, we have successfully signed an exclusive contract to support the group’s activities, built upon a foundation of deep trust.”

Following the contract renewal, BLACKPINK is gearing up to express gratitude to their global fanbase by engaging in activities that match their international status. This includes the release of a new album, fully supported by YG Entertainment and the organization of a large-scale world tour.

Yang Hyun Suk, the general producer of YG Entertainment, expressed his delight at the continuation of their partnership with BLACKPINK, saying, “We are thrilled to extend our collaboration with BLACKPINK.” He went on to emphasize BLACKPINK’s commitment to shining even brighter in the global music industry, not only as representatives of YG Entertainment but also as prominent figures in the K-pop scene. Yang Hyun Suk concluded, “We offer our unwavering support and trust in their endeavors.”