YG Entertainment's stock prices are soaring high.
On June 29 at 9:47 AM KST, the stock prices for YG Entertainment rose up to 9.31% with a total amount of up to 37,000 KRW per share. During the day, the price reached up to 21.12% as its highest point, with 41,000 KRW per share.
Economic insiders suspect that the reason for this sudden hike in stocks is BLACKPINK's recent comeback with their pre-release single "How You Like That". The song is currently at a steady #4 in domestic music streaming sites and #2 on 'Spotify's 'Global Top 50' chart and #8 on its 'Top 50' chart in the US.
After a huge slump in stocks last year due to YG's various scandals, the company's financial value seems to be rising again in the first half of 2020.
In other news, BLACKPINK also broke the record on YouTube as the most-streamed premiere with "How You Like That" MV.
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Yg really does have a long plan laid out.
Despite the initial reaction, we can't deny how well it's been doing on the charts. Now if they can ride this momentum with the next one and then the album, that's one thing.
But they also have treasure 13's debut and Bigbang's impending comeback. I haven't heard of any news from Ikon but hopefully that as well while winner probably might have solo outings. With all of this, if they can play their cards right, this might be a huge year or 2 years of Yg. Their new management since Yhs seems to be doing pretty well so I am pretty confident about them.
Here's to more kpop, all the best YgE !