JYP Entertainment (JYP) has become the No.1 entertainment company in South Korea, based on their market capitalization.
On August 29th, JYP acquired a property worth KRW 1.90 trillion in market capitalization and the previous closing price of KRW 31,300, KRW 700 higher than before.
Based on such achievements, JYP has been prepared to consolidate their status as the no.1 local entertainment company.
JYP joined the “1 trillion club” on January 22nd with a record of KRW 1,108 billion, followed by a surge of 1 trillion won in the first quarter of the year.
In particular, JYP, which recorded the lowest price of KRW 4605 per share and the market capitalization of KRW 159.4 billion on February 6th last year has gained remarkable achievement, growing more than six times in a year and a half.
Since its debut in October 2015, the company has been enjoying its popularity in both Korea and Japan and representing K-pop by establishing as the “Asia’s Top Girl Group” Twice and “Global Idol Tours.”
TWICE, an Asian on-top girl group, who are popular in both Korea and Japan made a debut in October 2015 under JYP’s management. Besides JYP is also the agency of GOT7, the boy group representing K-pop through their world tour of 17 cities this year and Stray Kids, who is expected to be the future of JYP.
In addition, the video clip of ‘JYP 2.0‘ that was released by Park Jin-young on YouTube also gave investors much confidence to invest in the company. Moreover, JYP’s stock price increase is expected to continue for the time being, as its new all-Chinese group, Boy Story, is set to make its debut in September while, along with the release of their first Japanese album in September, Twice is reported to have all nine concerts of their arena tour in four cities of Japan sold out.
In last May, JYP was the only Korean entertainment company to be included as No.177 in the “FT 1000: High-Growth Companies Asia-Pacific” list, selected by Britain’s Financial Times (FT). FT ranked Korean companies, Japan, Australia, Hong Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore and Taiwan in terms of sales growth between 2013 and 2016 and according to the report, JYP ranked 177th with an average annual increase of 51.2%.