The stock value of YG is on a decline after the exclusive contracts for individual activities of all BLACKPINK members failed to go through
According to the Korea Exchange on January 10, YG Entertainment’s stock value dropped to 44,500 won during the previous trading days.
This represents a significant decrease in value, marking a 27.63% decline in stock prices within a month starting from December. The recent decline in stock prices is attributed to the BLACKPINK contract issue, which led to a new low.
Last year, with BLACKPINK still on its back, YG Entertainment saw its stock price doubling from the 42,000 won range at the beginning of the year to over 97,000 won.
Since then, however, YG stock has faced a steep decline due to various controversies in the entertainment industry, including drug scandals and BLACKPINK contract issue.
Regarding the BLACKPINK contract issue, YG Entertainment announced on December 29 that while all members continued to sign with YG for group activities, they had mutually agreed not to proceed with separate additional contracts for individual activities.
Following this development, some securities firms have begun to make downward revisions of their target prices for YG Entertainment.
Source: Insight
