It seems that top K-Pop artists are currently enjoying the peak of popularity. It is because their fans come from various countries around the world. A number of agency companies also take some benefits from this popularity. These are shares of 3 management K-Pop artists who are listed on the stock exchange, based on CNBC.
BTS agency
Big Hit offered shares with an IPO price of 135,000 won. From this offer Big Hit recorded an oversubscribed as much as 607 times. The IPO results recorded offers from retail investors reaching 58.4 trillion won.
Whereas previously the IPO of this BTS agency was predicted to be devoid of enthusiasts because the price offered was too high.
BTS attracts potential investors, having previously been able to become the first South Korean artist to reach the top of Billboard’s Hot 100 singles chart for the disco-pop single “Dynamite”. Stock analysts in South Korea predict if Big Hit can enter the list of major stocks.
The CEO of Big Hit entertainment and biggest shareholder Bang Si-hyuk last month gave 478,695 common shares to seven BTS members, or 68,385 each.
“To strengthen long-term partnerships with major artists and increase morale,” said Big Hit. Each BTS member will earn 9.23 billion won in stock or 64.6 billion won.
SM Entertainment
Agency that oversees Super Junior has been on the South Korean Stock Exchange since April 27, 2000.
Based on smentertainment.com website, it is said that SM Entertainment is the first entertainment industry company to take the floor on KOSDAQ.
SM Entertainment had an initial capital of 50 million won in 1995. In 2001 SM Entertainment began to expand into Japan by establishing SM Entertainment JAPAN Established.Then, creating entertainment content for mobile phones called Fandango KOREA Established.
Apart from Super Junior, this agency also cares for other K-Pop artists. Namely TVXQ, Girls’ Generation, SHINee, f(x), EXO, Red Velvet, NCT, SuperM, BoA, ZHOUMI, J-Min, Giant Pink, Bray, DUCKBAE, SOHLHEE, IMLAY to Raiden.
JYP Entertainment The
Agency that oversees JY Park, 2PM, GOT7, DAY6 has also taken the floor on the Korean stock exchange. Apart from artist management, this agency also has an entertainment division, a recording business to a content division.
The entertainment division is engaged in planning the production and distribution of phonograph recordings, casting and training singers. Through its parent company, the company also operates Korean food through JYP Foods Inc. And also the entertainment business JYP Creative Inc.
Read now:The Risk of Buying Big Hit Stock
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