The "Big 3" entertainment companies in the K-pop industry - SM Entertainment, YG Entertainment, and JYP Entertainment - have all seen a significant increase in the trading market.
Keep on reading to know who achieved the highest rise and how much they recorded.
"Big 3" Entertainment Companies - SM, YG, and JYP - Record an Abrupt Rise in the Trading Market
On May 25, KOSDAQ (Korean Securities Dealers Automated Quotations) revealed the performance of the "Big 3" entertainment labels in the trading market.
KOSDAQ is a trading board or an electronic stock market of the Korea Exchange operator. It is where a total of 1476 companies, including SM Entertainment, JYP Entertainment, and YG Entertainment, do investments and raise capital.
Based on KOSDAQ, SM Entertainment was trading at 42,400 won on May 25, which is 5.74% higher than the previous trading day when the company only recorded 2,300 won.
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As for JYP Entertainment, the agency recorded 38,550 won, an increase of 4.33% compared to the 1,600 won in the previous day. The label also recorded a rise of five percent in the morning of May 25.
Meanwhile, YG Entertainment saw an improvement of 2.75%, gaining from 1,350 won to 5,400 won. With this, the company has recovered the 50,000 won range.
SM and JYP Entertainment continue to see an increase on the seventh trading day, making good progress, according to KOSDAQ. Although SM Entertainment recorded a decline of 28,600 won on May 7, its trading performance rose to 32.63%, the largest increase in entertainment stocks.
On the other hand, HYBE (formerly known as Big Hit Entertainment) is trading at 259,500 won, which is down by 1.52% (4,000 won).
READ MORE: Earnings of the 'Big 4' Entertainment Agencies Expected to Grow from Second Quarter of 2021
Because of the steep rise in trading, the "Big 3" entertainment companies and HYBE recorded sales results that exceeded market expectations even in the "off-peak" season when there are no comebacks of some of the biggest acts in the first quarter of 2021.
In the second quarter and the overall second half of the year, it is expected that earnings of SM Entertainment, JYP Entertainment, YG Entertainment, and HYBE will continue to improve as there will be comebacks of major artists in each agency, including BTS, TWICE, and EXO, who would raise the investments of their respective labels.
Comebacks of Artists under the "Big 3" Entertainment Companies in 2021 So Far
On May 10, NCT Dream made their comeback with their first full album "Hot Sauce." The boy group attained the "million seller" title with initial sales of 1,100,000 copies, and recently, the septet has become a double million seller.
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Based on KOSDAQ, SM Entertainment's share price rose sharply after the announcement of the launch of NCT Hollywood. Meanwhile, EXO is set to make a comeback on June 7.
In JYP Entertainment, NiziU and ITZY, who made returned last month, proved their popularity by setting new records in album sales and charts.
On the contrary, TWICE and 2PM will make a comeback next month.
Expectations for YG Entertainment's second quarter and the second half of 2021 are already high. Although the comeback lineup has not been officially announced, BLACKPINK Lisa's solo debut and full group comeback are predicted to increase the company's earnings.
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Written by Mhaliya Scott
