Singing the blues: BTS at the grammy awards in Las Vegas. As the pop group-triggered slump suggests, entertainment companies can be overly reliant on one act. — AFP
SEOUL: South Korean dramas and pop songs have never been more popular globally. In the stock market though, bullishness over the so-called South Korean wave is fading fast.
Superstar pop band BTS’s announcement of a hiatus is the latest bad news to hit the nation’s entertainment sector, causing a 25% plunge in the shares of its managing agency Hybe Co last Wednesday.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
