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YG Entertainment stocks fall amid questions over Blackpink contract renewal

  • Shares of K-Pop agency YG Entertainment fell to its lowest level since May 11 after reports emerged that the contract renewal of one of the members of girl group Blackpink is in doubt.
  • The group has been one of YG’s most successful acts, headlining festivals in the U.S. and U.K., as well as holding the Guinness World Record for the most viewed music group on Youtube.

INDIO, CALIFORNIA – APRIL 22: Jennie, Jisoo, Lisa, and Rosé of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. (Photo by Emma McIntyre/Getty Images for Coachella)

Emma Mcintyre | Getty Images Entertainment | Getty Images

Shares of K-pop management agency YG Entertainment dropped almost 7% after reports emerged that the contract renewal for a member of girl group Blackpink is in doubt.

YG shares traded at 73,900 Korean won at 2.41pm KST….

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