Netizens have noticed that YG's decreasing stock price ironically coincides with rookie group iKON's debut. YG's price per share, which had hit its peak at 61,900 KRW (~$54.44 USD) on August 11, took a steep decline right before iKON's debut, shooting back up for a short while before the group released their debut single "My Type." The single may have been taken over charts, but it's evident that "My Type" didn't takeover the stockholders' hearts. The group's other singles "Airplane" and "Rhythm Ta" did little to impress investors, as the YG stock price continued to decrease.
Some of the top comments on this news were, "They're just a plain group that is a carbon copy of WINNER and Big Bang...they're not even on the level of a small label group like Seventeen...it's the reason for the disappointing sales. YG is really in a crisis," "They don't have any appeal that will attract fans and their songs are just average. On top of that they don't have a good attitude," and, "The songs are whatever at first but then they start growing on you. But after one or two more listens, they start sounding corny. This is iKON's problem."
On the other hand, several netizens defended the group, saying, "Just because it's YG, are people assuming they'll automatically do well?" "Huh? what's with these people, I like iKON," "How do they know iKON has an attitude problem," "Why can't I relate to this at all kekekekekeke," and, "How is it iKON's fault that the stock price is dropping!!"
YG's stock price closed at 47,000 KRW ($41.38) on October 23.
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