K-pop stocks saw a significant boost last week, with SM Entertainment leading the charge, fueled by an announcement regarding a new girl group. The company’s stock rose by 13.8%, reaching a new high of 7, following the news, outperforming other music stocks during an overall strong week for the markets.
SM Entertainment, home to popular acts like Red Velvet and aespa, has been a major player in the K-pop industry, and its recent surge reflects growing investor confidence in the genre’s global influence. The rise in SM’s stock was closely followed by JYP Entertainment, marking a strong week for K-pop’s financial performance.
The excitement surrounding SM’s new girl group is part of a broader trend, with K-pop continuing to gain international recognition and commercial success, driving the industry’s financial growth.
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