On the morning of December 25, Allkpop reported that YG’s stocks continuously decreased for four consecutive days following G-Dragon’s departure from the agency.
In particular, on December 22, YG’s stock price hit 52,000 won (approx 40 USD) at the end of the trading day, marking a decrease of 5.11% and continuing a downward trend for 4 consecutive days.
Accordingly, YG’s market cap has plummeted by a staggering 83.5 billion won (approx 64 million USD) in just a few short days.
Notably, this downward trend began immediately after it was announced that G-Dragon had signed with Galaxy Corp, officially confirming his departure from YG Entertainment.
Earlier, when news of G-Dragon leaving YG first emerged in June, a similar situation also happened. At that time, YG suffered losses of approximately 130 million USD in market cap within just a few days.
It is known that G-Dragon was an artist with significant influence at YG, playing a crucial role in elevating the company to its “giant” status in K-pop, standing alongside SM, JYP, and HYBE.
In both group and solo activities, the male singer left a brilliant mark, making waves on music charts both in and outside of South Korea. Now, G-Dragon’s role at YG has once again been proven, as the entertainment giant immediately bore substantial losses the moment G-Dragon departed.
G-Dragon contributed significantly to YG’s resounding success.
Source: AK
