Following the news of contract renewal for all 4 members of BLACKPINK, YG Entertainment’s stock has surged by 20%
As of 9:30 AM (KST) on December 6, YG Entertainment’s stock trades at 58,000 won on the KOSDAQ market, marking a significant rise of 20.83% compared to the previous trading day.
Previously, YG Entertainment had experienced a continuous decline for seven consecutive trading days starting from November 27. However, within just one day, the stock has risen by over 20%, completely recovering from the previous downward trend.
The reason for this trend is attributed to the impact of news regarding the news of contract renewal for all 4 members of BLACKPINK.
In particular, YG Entertainment previously announced that all 4 members of BLACKPINK has signed an exclusive contract with YG for group activities.
This recent disclosure has alleviated uncertainties over BLACKPINK’s contract renewal, leading to a sharp increase in the stock price.
Source: Daum
