[Click eStock] "DearU, Benefiting from K-pop World Tour Resumption"

[Asia Economy Reporter Hyungsoo Park] Kiwoom Securities analyzed on the 13th that DearU is expected to benefit from the resumption of K-POP artists' world tours. They maintained a 'Buy' investment rating and a target price of 52,500 KRW.

Namsoo Lee, a researcher at Kiwoom Securities, introduced, "Bubble, a messenger service provided between artists and fans, had 65 agencies, 119 teams, and 362 artists as of the third quarter this year."

He continued, "The number of subscriptions in the third quarter grew from 1.35 million in the second quarter to 1.45 million," and explained, "It is expected to continue growing in the second half of this year."

He said, "This is related to the resumption of K-POP world tours," adding, "The world tour regions, which were concentrated in Korea, the United States, and Japan, will expand to Southeast Asia and Europe, and the capacity per concert will also increase."

The researcher expected, "Utilizing large-scale venues will establish a strong growth momentum for entertainment," and added, "By strengthening concert-centered marketing, it will be the biggest beneficiary of the expansion of K-POP world tours."