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THAAD leads to a stock price decline for major Korean Entertainment labels?

By jubilantj   Thursday, August 4, 2016   49,850   1,613   117
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The recent deployment of THAAD has not only put a strain on China-Korea relations but also placed downward pressure on the stock prices of the 'Big Three' entertainment labels. 


Recently, many Hallyu stars' Chinese promotions were either delayed or canceled, including Kim Woo Bin and Suzy's Beijing fan meet and Lee Jun Ki's movie premiere event. Though the exact reasons for these delays weren't specified, people speculate that the recent news of THAAD is what led to the delays and cancellations of Hallyu stars' activities. 


SEE ALSO: '2016 MAMA' ratings drop by over half of last year's ratings


The Wall Street Journal, borrowing the words of multiple sources, proposed that the blocking of Hallyu activity is China's retaliation against the decision to deploy THAAD. 


The negative impact of THAAD on Hallyu inevitably carried over to the entertainment labels in Korea, particularly the 'Big Three' which consists of YG, JYP, and SMIn the past week, YG's stock dropped 11.3% while SM and JYP's stocks have dropped over 6% respectively. 

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    Tags:

    1. misc.
    2. thaad


    BigBlueagain Friday, August 5, 2016

    Would someone PLEASE get that fucking "From the Shop" piece of shit off my notifications?

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    LordLiar18 Friday, August 5, 2016

    I didn't know YG would be affected so much by this. I always have the impression that SM and JYP have more activities in China... Seems i was wrong :s

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    federick Thursday, August 4, 2016

    If only there's a technology who can transfer a country to a different world.

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    papparazi federick Thursday, August 4, 2016

    yes I want to transfer america to another world, they just bring trouble to every country they visit for the name of democracy.

     3
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    nite0wl papparazi Friday, August 5, 2016

    This comment has been removed due to violation of our TOS. (Reason: spammer)

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    Miyullllll  nite0wl Sunday, August 7, 2016

    don't forget their fans too xD

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