SM Entertainment Shares Spike on Girl Group Announcement as Music Stocks Post Big Gains Overall

SM Entertainment Shares Spike on Girl Group Announcement as Music Stocks Post Big Gains Overall

Led by SM Entertainment and JYP Entertainment, K-pop stocks soared above other music stocks in a strong week for markets in general. SM, home to such artists as Red Velvet and aespa, rose 13.8% to 78,400 won ($53.76) after news broke on Wednesday (Jan. 15) that the company will introduce a new girl group on Feb. 24. Meanwhile, JYP gained 6.7% to 76,400 won ($52.39), while YG Entertainment and HYBE rose 5.6% and 3.7%, respectively.  The gains m…

YG Entertainment to end actor management business

Korean entertainment giant YG said Friday it is ending its actor management business to refocus on its music division. The label said its actors will leave the agency in phases as their contracts expire.

YG Entertainment Announces End of Actor Management to Focus on Music

YG Entertainment, one of South Korea’s leading entertainment companies, has announced a significant change in its business strategy. The company revealed on January 17 that it will cease its actor management operations as part of a restructuring plan aimed at prioritizing its music business. In an official statement, YG Entertainment expressed gratitude to its actors and their supporters, stating, “We sincerely thank all the actors who have been…

YG Entertainment officially closes acting management branch, bids farewell to its full roster of actors/actresses

YG Entertainment will officially close its acting management branch in order to focus on music.On January 17 KST, the label stated, "We would…