YG Entertainment shares soar on reports of 100 bln won investment talks

YG Entertainment

13/08/2014 01:24

SEOUL, Aug 13 (Reuters) - Shares in YG Entertainment Corp 
 122870.KQ , the South Korean management agency of rapper Psy, 
rose as much as 9.6 percent in early Wednesday after talks of a 
possible 100 billion won ($97.35 million) investment from a fund 
arm of LVMH  LVMH.PA .  
    L Capital Asia, the investment fund arm of LVMH Group known 
for its luxury brand Louis Vuitton, is in talks to invest around 
100 billion won in YG, various South Korean media including  
online news service Edaily said, citing unnamed source or 
sources in the related industry.  
    Korea Exchange requested YG Entertainment to submit a filing 
on the issue by 6 P.M. local time Wednesday.  
     
(1 US dollar = 1,027.2000 Korean won) 
 
 (Reporting by Joyce Lee; Editing by Michael Perry) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: YG ENTERTAINMENT INVESTMENT/