On February 3, YGE stock price soared to 33,850 KRE per unit surpssing SME making the agency Korea’s highest priced entertainment media company.
SM Entertainment landed the second spot with 33,250 KRW per unit share followed by JYP with 25,150 KRW per unit share.
Last year, YGE’s stock prices sank as some of their artists got tangled with the Burning Sun scandal. Their stock price per unit dropped to as low as 16,000 KRW which is almost half of the price it has today.
Meanwhile, economists think that the surge in YGE’s stock prices may be caused by BIGBANG’s Coachella comeback, BLACKPINK’s scheduled album release, debut of the new group Treasure, and many more positive projects the company has scheduled to launch this year.
