[Market Focus] Hallyu Ban Easing Hopes Dashed... Entertainment Stocks Weaken
Kep1er's China Fan Concert Postponed
As the September solo fan concert of the group Kep1er in China has been postponed, entertainment-related stocks in Korea showed weakness on August 28.
As of 9:24 a.m. on this day, DearU was trading at 52,400 won, down 2,400 won (4.38%) from the previous trading day.
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At the same time, other entertainment-related stocks such as Samhwa Networks (-3.68%), Cube Entertainment (-2.76%), Nomus (-2.73%), JYP Entertainment (-2.66%), Billions (-2.60%), Hybe (-2.54%), and CJ ENM (-2.50%) were also weak.
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According to Kep1er's agencies, WakeOne and Clap Entertainment, on the previous day, Kep1er's fan concert scheduled to be held in Fuzhou, China on September 13 has been postponed due to unavoidable local circumstances. The news of Kep1er's local concert had initially raised expectations for a possible easing of the Hallyu ban in China, as it could have marked the first time in nine years that a K-pop idol group held a concert in mainland China.
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