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Posted by yckim124 AKP STAFF Wednesday, August 29, 2018

JYP Entertainment surpasses SM Entertainment in market cap for the first time ever

JYP Entertainment has overcome SM Entertainment in market capitalization. 

According to Yonhap News on August 29, JYP Entertainment surpassed SM Entertainment by 12.4 billion KRW (11 million USD) in the KOSDAQ (Korea Securities Dealers Automated Quotation) market. With the markets closed on August 29, JYP had a market capitalization of 1.09 trillion KRW ($981 million) and SM Entertainment had a market cap of 1.078 trillion KRW ($970 million).

This is the first time ever JYP Entertainment has beaten SM Entertainment since KOSDAQ's establishment on August 30, 2001. Prior to this, JYP Entertainment overcame YG Entertainment in January. 

Financial investment research expert Han Kyung Rae commented, "JYP's stock rose over 5 times with TWICE's successful promotions in Japan," and added, "We're looking forward to a continuous increase in stock with TWICE and GOT7's ongoing growth and the debut of rookie groups."
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