[Featured Stocks] Expectations for Hanhanryeong Lift... SM and JYP Ent. Rise Over 8%
[Asia Economy Reporter Oh Ju-yeon] Entertainment stocks are showing strength, buoyed by expectations of the lifting of China's Hallyu ban.
As of 2:40 PM on the 13th, JYP Ent. was trading at 26,100 KRW, up 11.06% from the previous trading day. SM Entertainment recorded 38,850 KRW, up 8.98%.
Other companies such as YG Entertainment (9.61%), KeyEast (11.33%), and Fan Entertainment (5.35%) are also showing gains.
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Amid growing hopes for the easing of the Hallyu ban following news that Chinese President Xi Jinping is expected to visit South Korea in the first half of this year, the Korea Tourism Organization announced that a group of 3,500 Chinese students on school trips will visit Seoul, Incheon, Daegu, and other cities by next month during the winter vacation.
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