11

0

General

JYP Entertainment surpasses SM Entertainment in market cap for the first time ever

Posted by yckim124763 pts Wednesday, August 29, 2018
GOT7, TWICE
JYP Entertainment has overcome SM Entertainment in market capitalization. 

According to Yonhap News on August 29, JYP Entertainment surpassed SM Entertainment by 12.4 billion KRW (11 million USD) in the KOSDAQ (Korea Securities Dealers Automated Quotation) market. With the markets closed on August 29, JYP had a market capitalization of 1.09 trillion KRW ($981 million) and SM Entertainment had a market cap of 1.078 trillion KRW ($970 million).

This is the first time ever JYP Entertainment has beaten SM Entertainment since KOSDAQ's establishment on August 30, 2001. Prior to this, JYP Entertainment overcame YG Entertainment in January. 

Financial investment research expert Han Kyung Rae commented, "JYP's stock rose over 5 times with TWICE's successful promotions in Japan," and added, "We're looking forward to a continuous increase in stock with TWICE and GOT7's ongoing growth and the debut of rookie groups."
  1. GOT7
  2. TWICE
  3. SM ENTERTAINMENT
  4. JYP ENTERTAINMENT
0 49,243 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
misc.
'39th Golden Disc Awards' Day 1 Winners: aespa, LE SSERAFIM, NewJeans, DAY6, and More
22 hours ago      14,946
Jung Woo Sung, Lee Jung Jae
Lee Jung Jae comments on Jung Woo Sung’s recent controversy
11 hours ago      17,379
Buzz
Police arrest 30-year-old man for posting insults targeting Jeju Air crash victims' families
14 hours ago      6,873
Seohyun, Taecyeon
Police report filed against KBS2 drama 'The First Night With the Duke' starring Seohyun & Taecyeon for damages to cultural heritage site
2 days ago      32,843
Big Bang, Taeyang, Min Hyo Rin
Actress Min Hyo Rin crowned 'Most Beautiful in Hanbok,' captivates Fans worldwide
23 hours ago      24,717
misc.
'39th Golden Disc Awards' Day 1 Winners: aespa, LE SSERAFIM, NewJeans, DAY6, and More
22 hours ago      14,946
Byun Yo Han, Han Suk Kyu, Kim Nam Joo, Lee Dong Hwi, Lee Jae Hoon, Yoo Yeon Seok, Lee Hanee
‘2024 MBC Drama Awards’ Winners: Han Suk Kyu, Lee Ha Nee, Lee Je Hoon, Yoo Yeon Seok, and more
33 minutes ago      1,136
Seo Kang Jun
Seo Kang Joon comes back to TV in 2025
1 hour ago      2,032
Kwon Sang Woo, Son Tae Young
Kwon Sang Woo and Son Tae Young reveal son and daughter for the first time
3 hours ago      12,796
Urban Zakapa
Urban Zakapa’s Kwon Sun Il reminisces about possible debut with Super Junior or TVXQ
4 hours ago      1,324
misc.
'39th Golden Disc Awards' Day 1 Winners: aespa, LE SSERAFIM, NewJeans, DAY6, and More
22 hours ago      14,946
GFriend (Girlfriend)
GFRIEND reveals title track for new album
7 hours ago      4,437
G-Dragon
G-DRAGON wins with “HOME SWEET HOME†at ‘Inkigayo’ + performances from 8TURN, n.SSign, and more!
5 hours ago      1,823
Jo Kwon
Jo Kwon donates 6,800 USD for Jeju Air tragedy
9 hours ago      1,595
Jung Woo Sung, Lee Jung Jae
Lee Jung Jae comments on Jung Woo Sung’s recent controversy
11 hours ago      17,379
New Message

SEND