K-pop management giant JYP Entertainment’s stock price continues to hit new lows day after day.
According to the Korea Exchange on May 21, the company’s stock is trading at 58,700 won as of 9:14 a.m., marking a decline of 400 won (0.68%) from the previous trading day. The stock reached its one-year low of 58,600 won in the early trading session.
Following a closing price of 60,000 won on May 17, the stock fell to 59,100 won the day before, and the downward trend persists today.
Ji In-hae, a researcher at Shinhan Securities, said, ”What is more urgent than performance for JYP Entertainment’s stock price is a smooth artist transition to mitigate rising costs, and reduced reliance on major intellectual properties by leveraging the success of new IPs.”
