YG's stock price dropped after rumors of prostitution - The Controversy That Befell Yang Hyun Suk And Seungri Makes Netter Also Argue That BLACKPINK's Career In The World Of Entertainment Is Almost Endless.
On Monday (5/27), YG Entertainment's stock price dropped immediately after the trade began, and at 3:00 pm local time, the price dropped 12.50 percent (4,100 won, around Rp.49 thousand) and closed at 28,700 won (around Rp. 348 thousand), a decrease of almost 50 percent from its peak price of 50,800 won (Rp. 616 thousand) in January.
YG market capitalization also decreased. During its increase earlier this year, the agency recorded 834.7 billion won (around Rp.10.12 trillion), but recorded 522.3 billion won (around Rp. 6.33 trillion) today, which showed a loss of around 300 billion won (Rp. 3.63 trillion).
YG Entertainment is often referred to as one of the "big three" agencies with SM Entertainment and JYP Entertainment. However, YG seems to have lagged behind when JYP Entertainment reached 1 trillion won (around Rp.12.12 trillion) with the success of Twice in Japan and GOT7 promotion, and SM Entertainment remained strong with their solid lineup.
Although BLACKPINK (or Black Pink) gained interest overseas, the agency was negatively affected by Seungri and the accusations that appeared around the Sun Burning club, including attacks, mediation of prostitution, sexual services, and distribution of illegal drugs. The controversy also arose when it was revealed that the real owner of the Love Signal club turned out to be Yang Hyun Suk and not Seungri. The club was accused of avoiding taxes by registering as an ordinary restaurant rather than an adult entertainment place.
On May 27, MBC's "Straight" investigative journalism program reported that Yang Hyun Suk was suspected of providing prostitution services for two wealthy investors in South Asia. YG Entertainment denied the claim, stating that Yang Hyun Suk was present after being invited by an acquaintance, but there was no request for service.
"This really can't be hidden. We need to eradicate crime until the source. Whatever happens," commented the netter. "Maybe it's over also for BLACKPINK. Even if they don't make any mistakes, their images will be tarnished only by being under YG," said another netter.
"Who do you think Seungri is learning all about?" said Netter. "Not only Seungri is rotten. You can trace the decay to its roots," another netter commented. "The fools who still support BLACKPINK, WINNER and iKON in this situation have no hope," added the other.
Source: wowkeren.com
On Monday (5/27), YG Entertainment's stock price dropped immediately after the trade began, and at 3:00 pm local time, the price dropped 12.50 percent (4,100 won, around Rp.49 thousand) and closed at 28,700 won (around Rp. 348 thousand), a decrease of almost 50 percent from its peak price of 50,800 won (Rp. 616 thousand) in January.
YG market capitalization also decreased. During its increase earlier this year, the agency recorded 834.7 billion won (around Rp.10.12 trillion), but recorded 522.3 billion won (around Rp. 6.33 trillion) today, which showed a loss of around 300 billion won (Rp. 3.63 trillion).
YG Entertainment is often referred to as one of the "big three" agencies with SM Entertainment and JYP Entertainment. However, YG seems to have lagged behind when JYP Entertainment reached 1 trillion won (around Rp.12.12 trillion) with the success of Twice in Japan and GOT7 promotion, and SM Entertainment remained strong with their solid lineup.
Although BLACKPINK (or Black Pink) gained interest overseas, the agency was negatively affected by Seungri and the accusations that appeared around the Sun Burning club, including attacks, mediation of prostitution, sexual services, and distribution of illegal drugs. The controversy also arose when it was revealed that the real owner of the Love Signal club turned out to be Yang Hyun Suk and not Seungri. The club was accused of avoiding taxes by registering as an ordinary restaurant rather than an adult entertainment place.
On May 27, MBC's "Straight" investigative journalism program reported that Yang Hyun Suk was suspected of providing prostitution services for two wealthy investors in South Asia. YG Entertainment denied the claim, stating that Yang Hyun Suk was present after being invited by an acquaintance, but there was no request for service.
"This really can't be hidden. We need to eradicate crime until the source. Whatever happens," commented the netter. "Maybe it's over also for BLACKPINK. Even if they don't make any mistakes, their images will be tarnished only by being under YG," said another netter.
"Who do you think Seungri is learning all about?" said Netter. "Not only Seungri is rotten. You can trace the decay to its roots," another netter commented. "The fools who still support BLACKPINK, WINNER and iKON in this situation have no hope," added the other.
Source: wowkeren.com
