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

Posted by yckim124766 pts Wednesday, August 29, 2018
GOT7, TWICE
JYP Entertainmenthas overcomeSM Entertainmentin 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 Entertainmentin January.

Financial investment research expert Han Kyung Raecommented, "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."
  1. GOT7
  2. TWICE
  3. SM ENTERTAINMENT
  4. JYP ENTERTAINMENT
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