A reporter has revealed info on a possible new girl group from SM Entertainment as well as details on the plans of other major labels.

On August 15, reporter Kim Im Soo revealed information on what the biggest labels are planning. SM Entertainment is said to be #1 in terms of sales, but its market capitalization is lagging behind JYP Entertainment and YG Entertainment. SME is also said to be planning to debut a new girl group featuring 4 members following the success of SuperM, and if true, it would be the first girl group to debut from the label since Red Velvet in 2014. Though their debut was previously scheduled for July, it's been delayed.

Big Hit Entertainment is focusing on its 'Weverse' platform, which is growing quickly due to exclusive content from groups like Seventeen, GFriend, NU'EST, TXT, and BTS. YG Entertainment is not doing too well following the 'Burning Sun' controversy, but BLACKPINK are said to be contributing to a comeback in stocks.

Reporter Kim Im Soo also stated JYP Entertainment is currently the top entertainment company in terms of stock, which has been rising since the announcement of their Japanese girl group NiziU. 

Stay tuned for updates.