JYP Entertainment stocks have plummeted following the news of J.Y. Park's supposed associations with the religious cult 'Salvation Sect.'
Despite his denial saying he was not related to the cult affiliated to the Sewol Ferry tragedy, JYP Entertainment stocks on May 2 at 11:45AM KST plummeted down to 19,500 KRW (18.15 USD), a shocking 10.26% from yesterday's closing price.
SEE ALSO: J.Y. Park resigns from JYP Entertainment board, focus shifts to K-Pop industry initiatives
Stay tuned for more developments.
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