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Posted by beansss AKP STAFF Tuesday, August 21, 2018

JYPE becomes third of the Big 3 companies to hit 1 trillion KRW in market cap

AKP STAFF
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According to theKOSDAQ, JYP Entertainmentbriefly hit 1 trillion KRW (~893,860,000 USD) in market capitalization just before stocks closed on August 21. As a result, JYPE has now become the third of the Big 3 entertainment companies to have recorded a 1 trillion KRW market cap at some point in market trading.



On August 21, JYPE's stocks closed at a value of 20,850 KRW (~ 18.00 USD). At the time of closing, the label's aggregate market cap was 998,600,000,000 KRW (~ 892,600,000 USD). Sometime during the afternoon of trading on the same day, the highest trade value recorded was 28,700 KRW (~ 25.00 USD) a share, amounting to the label's highest ever aggregate market cap, surpassing 1 trillion KRW.

Investment experts revealed, "TWICE's comeback album sales and concert profits, as well as GOT7's concert profits, showed effective results. The label's YouTube profits especially helped raise themarket value."
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