[Special Stock] YG Entertainment Drops on G-Dragon Contract Expiry ↓
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YG Entertainment is experiencing a decline following the news of G-Dragon's contract expiration. It is interpreted that concerns over the impact on performance if the main artist G-Dragon leaves the agency have influenced this trend.
As of 9:53 AM on the 7th, YG Entertainment is trading at 89,000 KRW, down 2.31% compared to the previous trading day.
YG Entertainment stated the day before that G-Dragon's exclusive contract has expired, but they are cooperating through separate contracts for other activities such as advertisements.
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According to YG Entertainment's Q1 quarterly report for this year, posted last month on the Financial Supervisory Service's electronic disclosure system, G-Dragon's name was missing from the list of affiliated artists. This has led to speculation that G-Dragon may have left YG. Other Big Bang members T.O.P, Taeyang, and Daesung have already ended their contracts with YG.
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