K-pop is having impressive graphes and sales success and offering out huge locations all over the world, however the South Korean business behind those musicians are off to an awful beginning in 2024.
Through Friday (Feb 2), 4 K-pop stocks– HYBE, SM Entertainment, JYP Entertainment and YG Entertainment– have actually dropped approximately 17% year to day. HYBE, home to BTS and its participants’ numerous solo tasks, has actually had the very best efficiency with a 12% decrease, while JYP Entertainment is the most awful of the team with a 24.1% loss. Elsewhere, YG Entertainment has actually shed 14.7% and SM Entertainment is down 17.4%. Korean stocks generally have actually left to a far better beginning:Through Feb 2, the KOSPI composite index of Korean business enhanced 5.5%.
Investors might really feel K-pop’s financial resources are much less than trustworthy after news damaged today thatKakao Corp is bookkeeping …