JYP Entertainment’s stock price is on the rise.
According to the Korea Exchange on July 13th, JYP‘s shares were trading at 53,600 won as of 9:57 AM, up 2.29% from the previous trading day.
This is believed to have been affected by the news that JYP Entertainment’s girl group TWICE renewed their contracts and will make a comeback with a new album in August.
JYP Entertainment announced on July 12th, “All members of TWICE completed processes for renewal ahead of their contract expiration this fall.” Since their debut, TWICE has never had a member withdraw from the group or move to another agency.
Meanwhile, according to JYP Entertainment, TWICE will release their 11th mini album “BETWEEN 1&2” at 1 PM on August 26th. This is the first comeback in 9 months since the 3rd full-length album “Formula of Love: O+T=<3” in November last year.
In August this year, an unprecedented competition between K-pop’s representative girl groups will take place. BLACKPINK, which represents K-pop’s 3rd generation along with TWICE, will return as a whole after 1 year and 10 months. Girls’ Generation, the representative girl group of K-pop’s 2nd generation, will also release an album as a whole after 5 years.