490,000 Won Ticket Becomes 4 Million Won... Blackpink Hong Kong Concert Scalper Prices Soar

Prices Soar Up to 8 Times on Secondhand Trading Sites

BLACKPINK successfully completed the final performance of their European tour on the 22nd of last month (local time) in Amsterdam, Netherlands, according to their agency YG Entertainment. The photo shows BLACKPINK's performance in the Netherlands. Photo by Yonhap News.

[Asia Economy Reporter Kim Jung-wan] The resale ticket prices for K-pop group BLACKPINK's concert in Hong Kong this month are soaring to unprecedented heights, the South China Morning Post (SCMP) reported on the 4th.

As part of their world tour that began last October, BLACKPINK is scheduled to perform three times in Hong Kong from the 13th to the 15th of this month.

According to the report, tickets for the concert sold out within two hours of going on sale in November last year. Since then, resale tickets have been traded online at high prices.

In particular, with expectations that full travel between China and Hong Kong will resume around the 8th, SCMP reported that resale ticket prices have surged up to eight times the original price.

On Xianyu, Alibaba's largest Chinese e-commerce platform for secondhand goods, searching for "Hong Kong BLACKPINK concert" yields dozens of results. Sellers are asking for more than twice the face value.

One seller even offered a VIP concert ticket for over 22,000 yuan (approximately 4.06 million KRW), more than eight times the original price. The original price of the VIP ticket is 2,999 Hong Kong dollars (about 490,000 KRW).

China announced at the end of last month that starting from the 8th, quarantine for incoming travelers will be fully eased, and the issuance of regular passports to its citizens, which had been restricted, will gradually return to normal. Accordingly, full personal travel between Hong Kong and China is expected to resume on the same day.

On the Chinese social networking service Weibo, rumors about the full resumption of travel with Hong Kong have circulated, and since the end of last month, posts seeking BLACKPINK Hong Kong concert tickets and companions to attend the concert in Hong Kong together have started to appear.