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YG shares fall on news Blackpink’s Lisa rejects contract renewal offer

Thai News
By Thai News
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  • Shares of YG Entertainment, which manages K-pop girl group Blackpink, suffered its largest one day drop since Sept. 28, 2022, tumbling almost 9%.
  • According to South Korean media, one of the members, Thailand-born Lisa rejected two offers from YG, with the contract reportedly worth 50 billion South Korean won ($37.6 million).
  • Blackpink — made up of members Jisoo, Jennie and Rosé, in addition to Lisa — has been one of YG Entertainment’s most successful K-pop groups.
  • The news comes as Blackpink wraps up its “Born Pink” world tour, in what has been described as the largest world tour by a K-pop girl group,

(L-R) Rosé, Jisoo, Lisa, and Jennie of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California.

Emma Mcintyre | Getty Images Entertainment | Getty Images

Shares of K-pop agency YG Entertainment tumbled…

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