The news of BLACKPINK comeback caused a huge surge in YG stock price.
According to Korea Exchange, as of 10:42 a.m, YG Entertainment is trading at 5,300 won, up 4,250 won, marking a 9.23 increase from the previous trading day.
Meanwhile, the YG stock stayed flat at the beginning, but as the news of BLACKPINK’s comeback spreaded, it surged 11% to 51,400 won.
On this day, YG Entertainment announced that the girl group BLACKPINK will finally release a new song in August, marking their first comeback as a group after 1 year and 10 months. In addition, BLACKPINK is in the final stages of recording for a new album and will start filming their MV in July, YG announced.
BLACKPINK’s last comeback as a full group was with their 1st full album “The Album”, released back in October 2020. The ep, which featured title song “Lovesick Girls”, became a huge sensation, it reached number two on both the US Billboard 200 and the UK Official Chart, the two largest pop music charts in the world.
In line with the comeback, YG Entertainment plans to hold a massive world tour for BLACKPINK by the end of the year. Additionally, the number of subscribers to Blackpink’s YouTube channel has surpassed 75 million, the highest among Kpop male and female artists worldwide. The total number of Instagram followers of the group and each member is over 318 million
It seems that with BLACKPINK’s comeback and world tour, expectations are rising for YG Entertainment’s profitability, and the worldwide popularity of BLACKPINK is reflected in the surging stock price.
Source: newsworks
