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[Naver News] JYPE Surpasses $1.2 Billion Market Cap


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Article: JYP starts up 2019 strong

Source: Sports Seoul

JYP Entertainment has surpassed $1.2 billion (1 trillion KRW) in market capitalization and is equal to SM Entertainment, the no. 1 music label in Korea.

Not only has JYPE been successful in stocks, but also artist performances reorganizing the 'top 3' (consisting of SM, YG, JYP) with their strong activities in 2019. From their new girl group itzy on the 12th, to the upcoming Stray Kids comeback in March, also girl group TWICE will make their comeback in April after they conclude their Japan promotions to include their dome tour. JYP successfully debuted groups like Wondergirls, MissA, and TWICE and are maintaining their reputation as the leader in entertainment.

JYPE has plans for a subunit debut for JB and Yugyeom of Got7 in March, as well as various activities for their actors/actresses and overseas fan meetings.

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Now if they can get Stray Kids to boom and become popular in Korea they will have BG and GG under control. The fact that JYP could catch up to SM and blow past YG so quickly after less than 3 years of Twice is incredible. Not only because it was the strength of one group that raised them so hard but that JYPE was so crippled in 2010-15 because of the attempted WG American advancement. They were in a limbo for so long financially while SM and YG were doing so well. Twice helped JYP erase 5 years of falling behind.

 

Now the interesting race will begin: SM and NCT vs JYP and his localized individual groups like boy story, nizi and the 2nd Chinese BG.

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