J-Stok Unlisted, Enhanced Entertainment Stock Information... NewJeans' Agency 'ADORE' Registered

[Asia Economy Reporter Kwangho Lee] The unlisted information platform 'JStock Unlisted' is strengthening its entertainment stock information. Leveraging the advantage of being an information platform capable of handling companies without issued stocks, it aims to provide information on companies that are hard to find on other unlisted platforms such as Securities Plus Unlisted or 38 Communication.

According to JStock on the 27th, information on the stock 'Adore' was recently registered on the mobile application (App) 'JStock Unlisted.'

Adore is the agency of NewJeans, a rookie girl group first introduced by Bang Si-hyuk, the CEO of HYBE who created BTS. Adore is a 100% subsidiary of HYBE, which has assets worth 10.6 billion KRW. Although it posted a loss without sales last year, the debut of NewJeans this year is expected to generate its first sales.

In addition, the platform has consecutively registered information on 'AOMG,' a hip-hop label company formerly led by singer Jay Park, and 'One Spirits,' the operator of the distilled soju brand 'One Soju' launched by Park. Other recently registered stocks include the hip-hop label 'Ambition Music' founded by rappers Dok2 and The Quiett, and 'Starting House,' the agency of dancer Noze.

Many of these entertainment companies are shrouded in secrecy due to their small-scale personnel and lack of separate information disclosure obligations. They are subsidiaries with no issued stocks or with 100% ownership by large parent companies, and their information can only be accessed on JStock Unlisted among major domestic unlisted platforms.

JStock plans to penetrate this information asymmetry area in the unlisted stock sector to enhance informativeness and seek community activation. Most major stock-related platforms provide information and discussion room functions mainly for companies that are listed or scheduled to be listed, making it difficult to satisfy the needs of interested users until now.

JStock aims to raise public interest in unlisted stocks by creating an online square for each stock where free opinions can be exchanged on about 30,000 stocks, including companies without issued stocks. This is expected to help reduce the risks associated with handling unlisted stocks and contribute to strengthening investor safety.

A JStock official said, "Starting with shedding light on unlisted companies that have not been disclosed so far, we plan to continuously advance the corporate information function," adding, "After entertainment stocks, we will expand to various vertical platforms."