S.Korea K-pop shares plunge on uncertainties over snowballing scandals

JYP Entertainment

15/03/2019 06:28

** South Korea's entertainment shares plunge in the
aftermath of sex scandals involving K-pop stars
    ** Police in South Korea questioned two K-pop stars and two
other singers resigned on Thursday, as accusations of sex tapes,
prostitutes and secret chat about rape rocked the music industry
  urn:newsml:reuters.com:*:nL3N2111G1
    ** Shares of top 3 management firms, SM Entertainment
 041510.KQ , YG Entertainment  122870.KQ  and JYP Entertainment
 035900.KQ , stumble more than 3 pct each, while Cube
Entertainment  182360.KQ  and FNC Entertainment  173940.KQ  lose
5.6 pct and 8.3 pct, respectively
    ** YG Ent recently cancelled its contract with Seungri, who
is suspected of paying for prostitutes  urn:newsml:reuters.com:*:nL3N21019Z
    ** FNC Ent admits its singer Lee Jong-hyun, member of
CNBLUE, also watched "improper" videos shared by another singer,
Jung Joon-young
    ** Entertainment shares are declining over uncertainties and
soured sentiment, says Yoo Sung-man, analyst at Hyundai Motor
Securities    
    ** The broader KOSPI market  .KS11  up 0.8 pct

 ((hayoung.choi.thomsonreuters.com@reuters.net))