JYP’s Stock Soars After Stray Kids Contract Renewal

At 3:30 PM on July 18th, the stock price of JYP Entertainment (JYP) was 57,900 won, showing a increase of 2,100 won (3.76%) from the previous day.

During the morning, JYP’s stock price remained consistently low around 55,000 won. However, after the announcement of Stray Kids’ contract renewal at 2 PM, the stock rebounded to nearly 58,000 won.

Despite facing potential instability due to the contract renewal issue of its leading artist, Stray Kids, JYP was able to mitigate the risk with the recent announcement that all eight members have renewed their contracts. This has resulted in an upward trend for the company.

The company highlighted the strong bond between Stray Kids and JYP, stating that the group’s unique music and performance have made an impact in the global music market. With JYP’s guidance and support, the group has decided to renew their contract, fueled by a deep sense of trust and a vision for a bright future.

Since their debut in March 2018, Stray Kids have gained recognition both domestically and internationally for their unique approach as a self-producing group, creating original music for each of their albums. In March 2022, their mini-album “Oddinary”reached No.1 on the Billboard 200 chart, marking their first achievement on the chart, and they have since maintained their success with four consecutive No.1 spots.

Additionally, their mini-album “Rock-Star”title track “#LALALALA”entered the Billboard Hot 100 in November and their digital single “Lose My Breath”in May, solidifying their position as a top global artist.

In recent events, they have gained immense popularity on an international scale, attracting approximately 70,000 enthusiastic fans as the main act at both “I-Days”in Milan, Italy and “British Summer Time Hyde Park”in London, UK.

“Their highly anticipated return is scheduled for July 19th with the release of their new mini-album “ATE.”Following this, they will embark on their “dominATE”world tour, which will include solo concerts at stadiums and domes starting on August 24th. The tour will kick off in Seoul and include stops in major cities such as Singapore, Melbourne, Sydney, Kaohsiung, Tokyo, Manila, Macau, Osaka, Bangkok, Jakarta and Hong Kong. Additionally, they have plans to expand their tour to Latin America, North America, Europe and other regions.”