[Special Stock] YG Entertainment, '2NE1' Returns... Gains Momentum
YG Entertainment is showing strong performance. The news of the girl group 2NE1's reunion along with BLACKPINK's full-group comeback next year seems to have had an impact.
As of 9:32 AM on the 22nd, YG Entertainment was trading at 36,450 KRW, up 1,200 KRW (3.40%) compared to the previous trading day.
Yang Hyun-suk, YG Entertainment's Chief Producer, announced the comeback news of affiliated artists through the '2025 YG Plan' video. 2NE1 is scheduled to start a global tour including Japan, beginning with a concert in Seoul in the second half of this year. BLACKPINK also announced a full-group comeback and world tour in 2025.
However, securities firms expect improvements in performance starting from the fourth quarter. Daishin Securities forecasted YG Entertainment's sales and operating profit for the second quarter to be 119.7 billion KRW and 800 million KRW, respectively.
Hot Picks Today
"Oops, No Condom... 'I Probably Won't Get Pregnant' – Alarming Neglect of Contraception Among Korean Adolescents"
- Now Is Not the Time to Sell Samsung Electronics and SK hynix...Securities Firms Say "The Market Greatly Misunderstood"[Weekend Money]
- How Much Did They Really Make?... "I Just Went for It": Japanese 20-Somethings Flex with Stock Market Windfalls
- "No Need for Private Academies: Saving 800,000 Won a Month and Boosting Grades... Parents Flock After Hearing the News"
- "200,000 Won Per Person Before Chuseok"… Local Excitement Over Livelihood Support Grant in This Region
Lim Su-jin, a researcher at Daishin Securities, said, "Due to increased initial costs for rookies and promotion expenses, the results are expected to fall short of consensus." She added, "Bemon's first album achieved the highest debut album sales among rookie girl groups in history, and with a steep growth in fandom, sales of the comeback album in the fourth quarter are expected to increase." She further stated, "With Treasure's domestic album and world tour in the second half, the performance trend is expected to improve with a low-high pattern."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.