Entertainment companies such as JYP Entertainment and SM are rising to the top of the KOSDAQ in anticipation of the expansion of re-opening (resumption of economic activity) following the complete lifting of the mandatory outdoor mask and the resolution of the problem of governance improvement. According to the Korea Exchange on the 25th, JYP Entertainment ranked 10th in the KOSDAQ market capitalization ranking as of the 22nd. On the first trading day of this year, January 3, it was only 27th, but it has risen sharply this year, moving back and forth between 8th and 10th. JYP Entertainment’s market capitalization surpassed 2 trillion won on March 23, and then rose to 2.14 trillion won on the 22nd of this month. On this day, SM also ranked 16th in market cap on the KOSDAQ with 1.8345 trillion won. On January 3, it rose 14 places from 30th and settled in the top 20. While Celltrion Healthcare and EcoproBM firmly maintained their first and second positions, most of the companies with the highest market cap on the KOSDAQ this year did not fluctuate much, but the rate of increase in entertainment companies was remarkable. The reason why JYP Entertainment and SM, the leading entertainment companies in Korea, soared is because K-pop’s activities at home and abroad are active as they escape the impact of Corona 19, and good results are expected. TWICE, the girl group with the biggest record sales at JYP Entertainment, started selling mini albums on the 26th of last month, and ITZY also sold 470,000 copies in the Initial Chodong following the album was released in July.
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