On January 17, JYP's stock closed�at 16,200 KRW ($15.17) a share and with 34.62 million shares outstanding, JYP now has a market capitalization of 560.91 Billion KRW or approximately 525.4 Million USD.
SEE ALSO: HYBE CEO Park Ji Won releases statements to label employees, ADOR, and Belift Lab staff
At the same time, YG Entertainment ended the day at 29,350 KRW ($27.49) per share and with 18.19 million shares outstanding,�YG's total market capitalization is 533.751 Billion KRW or approximately 499.9 Milion USD.� As a result, JYP has surpassed YG Entertainment by 25.5 Million USD.
A day prior on January 16, JYP's market capitalization was 501.99 Billion KRW ($470 Million) and YG was ahead at 515.68 Billion KRW ($483 Million) but as JYP's stock price rose nearly 12% to YG's 3.53%, JYP has overtaken YG in market cap.
Furthermore, last year at this time, JYP's stock price was just 4,000 KRW ($3.75) a share with a market cap of 138.48B KRW ($129.75 Million). The agency has had a huge amount of growth and has more than quadrupled in value in just 1 year.
Research shows this was made possible thanks to TWICE's success in Japan and the high sales numbers they have received in Korea with "Heart Shaker" and more. Investors are also looking forward to the debut of Stray Kids and Suzy's comeback.
Pop culture critic Kang Tae Gyu commented, "TWICE made their debut in 2015 and Stray Kids hasn't made their official debut.� Things are looking bright for JYP in the near future."
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