K-Pop agencies' shares rise on hopes for stronger rev streams

YG Entertainment

19/01/2023 07:01

** Shares in K-Pop supergroup BTS's management agency HYBE
 352820.KS  rose 5.03% to a near five-month high, while rival
agency YG's shares  122870.KQ  jumped 5.94%
    ** Amid BTS's hiatus, investor hopes for HYBE rose further
after a single by a HYBE affiliate's newest girl group debuted
at No. 96 on the Billboard Hot 100, becoming the first K-Pop act
that debuted after late 2016 to do so
    ** YG shares rallied on recent announcement of a new girl
group and speculations that girl group Blackpink will renew
their contract, according to NH Investment & Securities analysts
Lee Hwa-jung and Lee Seung-jun
    ** Shares in South Korean media and entertainment stocks 
 .KRXMDEN  have rebounded 26% from a two-and-a-half-year low in
October on brighter outlooks for global expansion of South
Korean content including K-Pop, analysts said
 (Reporting by Hyunsu Yim)
 ((Hyunsu.Yim@thomsonreuters.com;))