JYP Entertainment’s Market Price Rises And Overtakes YG Entertainment
On the morning of January 17 KST, JYP Entertainment’s market price underwent a significant rise.
The aggregate market price in this context refers the aggregate value of listed stock and indicates the size of a listed company or corporation. After this recent significant rise, JYP Entertainment is now ranked second among similar companies.
At 9:23 a.m. KST on January 17, JYP’s stock price rose to 15,300 won (about $14), with the aggregate value of listed stock being 529,731,900,000 won (about $495,987,977). At the same time, YG’s stock was 28,600 won with an aggregate value of listed stock of 520,119,600,000 won (about $486,987,981).
On January 16, JYP’s market price was about 502 billion won, while YG was at 515.6 billion won, meaning that JYP overtook the other company in only one day. Last year around the same time, JYP’s stock price was about 4000 won, meaning that the company more than tripled their stock price in a year.
JYP has planned a busy January this year, with TWICE continuing to promote their repackaged album “Heart Shaker” and beginning new promotions in Japan, the pre-debut of their new boy group Stray Kidz, and Suzy’s solo comeback later this month.
Kang Tae Kyu, a pop culture critic, said, “TWICE hasn’t even reached three full years after their debut and Stray Kidz hasn’t even made an official debut yet. In the future, those groups will have a major effect on JYP’s assets.”