At 9:40 AM on May 13th, on the KOSDAQ market, the stock price of JYP Entertainment (hereinafter referred to as JYP) fell by 8,000 won (11.54%) to 61,200 won compared to the previous day’s closing price.
During this year, JYP’s stock price has decreased by almost 40%. Similarly, HYBE, which dealt with internal problems involving its subsidiary label ADOR, experienced a 16% decline in its stock price. However, JYP’s stock prices dropped more than double that amount.
This one phenomenon is enough to prove the overall underperformance of the K-pop industry.
Despite a 16% year-on-year increase in first-quarter sales to 136.5 billion won, JYP saw a 20% decrease in operating profit to 33.6 billion won.
Despite the current state of affairs, there is potential for a resurgence in the latter half of the year with the anticipated comebacks of JYP artists. In July, the boy group Stray Kids is scheduled to make a comeback, and on June 14th, TWICE’s Nayeon will be making a solo comeback.
According to experts, JYP is expected to achieve an operating profit of approximately 120 billion won in the latter half of the year.
The source of the information can be found at the website of daum, which can be accessed at //v.daum.net/v/20240513095758082.
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