SEOUL – All four members of the K-pop supergroup Blackpink have renewed their contracts with the YG Entertainment, the agency has confirmed, dispelling concerns about the band’s future after their initial contract expired in August.
Shares in the Seoul-based promoter rose as much as 29% on Wednesday, their biggest intraday jump in more than a decade. YG Plus, its content production affiliate, shot up by the daily limit of 30%.
Blackpink, whose members include Lalisa “Lisa” Manoban of Thailand, plan a new album and a world tour with YG, the agency said in a statement.
The four-member band made its debut in 2016 and became the world’s most popular girl group with hits like Shut Down and Pink Venom setting records on the Billboard charts.
The band became the first K-pop headliner at the Coachella festival in California and their global tour was sold out this…
