Article: "Why is there still no news on Blackpink?!", YG investors seething, in deep anxieties
Source: Hankyung
Investors are angry over ongoing rumors that Blackpink did not renew their contracts.
As rumors Blackpink members Jennie, Jisoo, and Lisa didn't renew came out, YG stocks plummeted. Also, there were concerns that Lisa's extended stay in Thailand meant she was refusing to renew her contract. Every time a dating rumor came out, the stock price also fell. On the other hand, news that HYBE renewed contracts with all BTS members is causing mixed emotions among shareholders.
As of the 21st, YG Entertainment is trading at 69,200 won, a sharp drop of 10,600 won (13.28%) from the previous day. Other stocks from 'Big 4' entertainment agencies also fell with HYBE (-5.14%), JYP (-4.41%), and SM (-3.47%).
As news of contract renewals poured out, angered investors lamented about their YG stocks in various stock discussion forums and portal sites. As HYBE was able to sign second contract renewals with their group BTS, concerns of YG shareholders appear to have deepened and investors are growing tired.
Investors wrote, "I heard the band next door, BTS, renewed their contracts even though their exclusive contracts are 2 years away from expiration. Why are we still being kept in the dark?!!"
Others wrote, "HYBE is a banquet hall but YG is a funeral home" "YG has no consideration for its shareholders at all!", "I sold everything because I was anxious...""I believe Lisa will definitely renew her contract."
Lee Hwa-jeong, an Analyst at KB Securities stated, "There's still uncertainty related to Blackpink's contract renewal but I think the stock price has mostly reflected this. Rather than relying on one group, it's necessary to pay attention to growth momentum of other groups. Treasure has proven their growth by recording surprise sales of 1.7 million copies in first week of release of its own album. As for Baby Monster who are about to debut, rapid profit is expected as they've already secured a strong fandom."
Choi Jong-gyeong, an analyst at Heungkuk Securities added, "Baby Monster is a group produced by Yang Hyun Suk too so they'll showcase a genre and song that's different from the existing pop-style girl groups. It's expected that they'll absorb fandoms outside of the existing 4th gen idol groups."
The Securities' market stated, "the company is in a phase where the "single artist" structure centered on Blackpink is being resolved. We recommend the company not be buried in the contract renewal issue."
Additional source: Maeil Business