[Special Stock] YG Shares Drop 6.9% Despite Big Bang's Comeback After 4 Years

Big Bang Concert / Photo by YG Entertainment

[Asia Economy Reporter Kwon Jae-hee] Despite boy group Big Bang making a comeback after 4 years, YG Entertainment (YG Ent) shares have plunged about 7%.

As of 2:39 PM on the 5th, YG Entertainment's stock price is trading at 65,400 KRW, down 6.97% compared to the previous trading day.

Big Bang released their new song "Bomyeoreumgaeulgyewool (Still Life)" on the same day. Upon release, it ranked number one on major music charts including Melon, the largest music streaming site in Korea.

Despite the new song release, the stock price decline is interpreted to be due to significant selling pressure from foreign and institutional investors.

Meanwhile, the previous day, Yuanta Securities projected that YG Entertainment's sales would increase by 31% year-on-year this year due to activities of BLACKPINK and TREASURE, issuing a 'Buy' investment opinion with a target price of 92,000 KRW.

This content was produced with the assistance of AI translation services.