K-pop boy band BTS-related shares surge ahead of album release, tour

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24/08/2018 05:02

** South Korean stocks related to K-pop boy band BTS climb
as the seven-member band is set to release a new album later on
Friday
    ** BTS, also known as Bangtan Boys, formed by Big Hit
Entertainment will release the band's new repackaged album,
"Love Yourself: Her", while it kicks off a world tour starting
with a two-day concert in South Korea on Saturday and Sunday
    ** Concert to be held in South Korea sells out, while others
in America, Europe and Japan among others, also sell out
    ** The band's previous album had propelled to No.1 on the
Billboard Artist 100 chart, dated June 2, making it the first
K-pop act to lead the list since the chart's July 2014
inception, Billboard previously said on its website
    ** Shares of entertainment management company KeyEast Co Ltd
 054780.KQ  surge as much as 19.9 pct, highest since June 4; BTS
signed a Japan management exclusive contract with KeyEast's
Japanese affiliate, Digital Adventure Inc  4772.T , last year
    ** GMP Co Ltd  018290.KQ , engaged in the laminating
business, jumps 7.1 pct, on optimism over its collaboration with
BTS on promotional products
    ** GMP Co Ltd will be a BTS exposed share after the release
of some BTS collaboration products, including VTXBTS and BT21,
scheduled next month, says Yoo Sung-man, an analyst at Hyundai
Motor Investment
    ** Since Big Hit Entertainment took over the group's
management in Japan from Digital Adventure Inc from this year,
Keyeast Co Ltd is no longer a BTS exposed firm, however, its
stock is gaining as some investors are unaware of it, Yoo adds
    ** Benchmark index KOSPI  .KS11  down 0.2 pct, while KOSDAQ
index  .KQ11  up 0.1 pct, respectively, as of 0325 GMT

 ((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))