For many years now, the “big 3” companies in K-pop has been SM, YG, and JYP, with SM leading the way followed by YG at No.2 and JYP at No.3.
As of a day ago though, this “big 3” ranking has officially changed!
According to Nate, JYP’s stock price has now overtaken YG on the Korean stock market, giving it a greater market cap than YG in the Korean entertainment world. It is reported that on January 17, JYP’s stock price rose to 15,300 won (about AUD$18), resulting in a total company value of 529,731,900,000 won (about AUD$624.5 million) based on the number of outstanding shares.
By comparison, YG was sitting on a stock price of 28,600 won (about AUD$33.72), giving it a total company value of 520,119,600,000 won (about AUD$613.2 million) based on the number of outstanding shares.
The report states that JYP have had a remarkable growth streak in the past 12 months, managing to quadruple its share price and market value in just one year. It is reported that this growth can be attributed to the massive success of TWICE in both Korea and Japan, as well as excitement over the upcoming debut of Stray Kids and Suzy’s solo comeback.
With TWICE expected to continue their slayage streak, the exciting debut of Stray Kids, and future activities from GOT7, Suzy, and DAY6, JYP is already off to a great start in 2018!