YG’s Stocks Continue To Fall Following B.I’s Departure From iKON
YG Entertainment’s stock price proceeds to drop further.
On June 12, Dispatch reported on B.I allegedly attempting to purchase illegal drugs. The rapper then personally announced his departure from iKON, and YG confirmed that he will be leaving both his group and agency.
As of June 12, YG’s stocks are priced at 31,950 won (approximately $27), which is a 4.05 percent decrease from the previous day.
YG has been seeing a downtrend in their stocks beginning around late February following the recent events surrounding the agency. In March, their stock prices plummeted to approximately 30,000 won (approximately $25).
YG’s market capitalization fell from 834.7 billion won (approximately $705.6 million) in January to 581.4 billion won (approximately $491.5 million) on the day of this article.