As of 9:40 AM on May 13th, on the KOSDAQ market, JYP Entertainment (hereinafter referred to as JYP) fell by 8,000 won (11.54%) compared to the previous day, to 61,200 won.
JYP’s stock price has dropped by nearly 40% just this year. Around the same time, HYBE, which faced internal issues with its subsidiary label ADOR, saw its stock price fall by 16%, while JYP showed a decline in stock prices more than twice as much.
This phenomenon alone serves as evidence of the overall poor performance of the K-pop industry.
Although JYP’s first-quarter sales increased by 16% year-on-year to 136.5 billion won, operating profit decreased by 20% to 33.6 billion won.
However, there seems to be a chance for a rebound in the second half of the year, as JYP artists are scheduled to make comebacks. Boy group Stray Kids is set to make a comeback in July, and TWICE’s Nayeon will make a solo comeback on June 14th.
Experts predict JYP’s operating profit in the second half of the year to be around 120 billion won.
Source: daum
