Jennie and G-Dragon made moves that caused “big guy” YG to struggle.
On the afternoon of December 26, Korean media reported that shares of entertainment company YG have continuously decreased for nearly a week after consecutive moves from Jennie and G-Dragon . Chosun said that the news that BIGBANG leader joined Galaxy Corporation on the afternoon of December 20 made investors excited. For the next 4 consecutive days, YG’s shares plummeted from 54,800 won to 52,000 won . This means that YG’s market capitalization has “vanished” 83.5 billion won in just a few short days.
On December 23, Jennie became the focus again with information about establishing her own management company called ODDATELIER. In other words, rapper Hac Huong did not sign a personal contract with YG, only accompanying the “big man” Kpop in group activities. Jennie’s move continues to deal a strong blow to YG, contributing to the company’s stock falling further in recent days. In the early trading session on December 26, YG shares reached 51,000 won. But by the afternoon of the same day, this number had dropped sharply to only 49,850 won.
YG shares went down continuously after G-Dragon confirmed that he was looking for a new destination
Exactly 3 days after the BIGBANG leader confirmed that he was leaving YG, his ex-girlfriend Jennie immediately announced the establishment of her own company. This means that the female singer did not sign a personal contract with YG, causing this “giant”‘s stock to continue to fall deeply.
Jennie and G-Dragon have great influence on YG, so their recent moves have significantly impacted the stock price of the “giant” of the Korean music industry.
Many netizens predict that YG stocks will continue to decline in the near future after Jisoo and Lisa officially announced their individual contract status. At the present time, Korean media identifies Rosé as the only member of BLACKPINK who will continue to accompany YG in individual activities in the future.
Rosé is likely to sign a personal contract with YG. Recently, she is the only member of Black Huong to release the publication Season’s Greetings
