JYP Entertainment’s stocks have dropped once again following news of Twice's Jihyo dating Kang Daniel.
As of August 5 at 5:30 p.m. KST on KOSDAQ (Korea Securities Dealers Automated Quotation), JYP Entertainment’s stock price was at 17,750 won (approximately $14.57) per share, which is a steep 12.13 percent drop from the previous day. It is also their lowest price in the past 18 months when the stock price hit 17,500 won (approximately $14.37) back on March 2018.
JYPE's stock has been in a steep decline since April 4, 2019, when they recorded a stock price of 32,000 won ($26.27). Ever since April, the company stocks have fallen by approximately 90%.
Meanwhile, SM Entertainment stocks were priced at 29,650 won per share and YG Entertainment was recorded at 22,300 won per share.
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90% fall since April 2019? Please check your math. Also, Jihyo is not solely responsible for today. Trade war between USA-China and tensions between Japan and Korea have both been escalating.
Even IF she was responsible for this, she devoted her entire life to the company. Let it be clear that at this point she owes NOTHING to JYPE. She trained for 10 years and is responsible for leading their biggest act to date (in terms of sales and profit) with honors.
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