S.Korean entertainment cos jump as investors bet on K-pop tempo

JYP Entertainment

01/10/2018 06:46

** Shares of South Korea's top three entertainment companies
jump as more K-pop bands are expected to gain global popularity
    ** Shares of SM Entertainment  041510.KQ  rise 4.6 pct to
their highest since 2012 while YG Entertainment  122870.KQ 
gains 5.3 pct 
    ** JYP Entertainment  035900.KQ  jumps 3.8 pct to its
highest ever level
    ** The growth of K-pop industry will accelerate in second
half of 2018 and 2019, thanks to rising YouTube premium users,
Lee Ki-hoon, an analyst at Hana Financial Investment, says,
adding more K-pop music videos are growing in popularity boosted
by the popularity of BTS, the first K-pop band which topped
Billboard 200 chart in June 
    ** The analyst expects business profit of Big Hit
Entertainment, BTS's management agency, to hover above 83
billion won ($74.70 million) this year, and will exceed 100
billion won next year  urn:newsml:reuters.com:*:nL3N1VQ13E
    ** The broader KOSPI index  .KS11  was down 0.1 pct while
junior KOSPI  .KQ11  was down 0.6 pct as of 0520 GMT

($1 = 1,111.0700 won)

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