YG Entertaiment, one of the biggest entertainment agencies and home of the biggest celebrities in South Korea, is planning to expand their family. With the reported uncertainty in the Chinese market, YG Entertainment is set to delve into the Japanese market.
According to All Kpop, a financial researcher has revealed that YG's stock price has dropped 41% from its peak stock price. This has reportedly been determined by various external factors. The financial report further states that although the interest from the investors in China is palpable, the strict regulations in China make it difficult for YG Entertainment to penetrate the scene. With this in mind, YG Entertainment is reportedly considering another outlet for their expansion, specifically, Japan.
"Though the company has not seen any concert cancellations or anything to that degree, we are continuously monitoring China's limited regulations. YG will be focusing more on the Japanese market this season," Samsung Securities financial researcher Yang explained.
Another reason for YG Entertainment's decline in its revenue is the series of military enlistment of BIGBANG members. However, it has already been clarified that YG Entertaiment still plans to hold solo activities and end-of-the-year performances for the fans. Further, a Japan tour has been settled for 2017 and YG Entertainment is reportedly looking forward to a good revenue performance this year as they focus on the solo careers of BIGBANG boys.
A new girl group is also being looked in to, marketed and profiled to follow the successful footsteps of Black Pink. All Kpop reports that YG Entertainment hired a new producer to oversee the video content business industry.
Meanwhile, Black Pink still remains to be one of South Korea's most loved Kpop group. According to Soompi, Black Pink member, Jenny, recently reached out to the fans and confirmed the fan club name via a sweet birthday message to their supporters. Their official fan club name is called "Blink."
