[Featured Stock] JYP Plummets Over 8% Early Session... Cube, SM and Other Entertainment Stocks Also Weaken

On the 14th, JYP Entertainment's stock price showed a decline of over 8% shortly after the market opened, indicating a weak trend.

At 9:20 a.m. that day, JYP Ent.'s stock was trading at 118,500 KRW, down 8.64% compared to the previous trading day.

JYP Entertainment recorded sales of 151.7 billion KRW and an operating profit of 45.6 billion KRW in the second quarter. Although this represents growth of 124% and 88% respectively compared to the same period last year, it fell short of market expectations due to increased costs such as content production expenses and labor costs.

At the same time, Cube Entertainment was trading down 6.42% at 21,900 KRW, and SM Entertainment was down 4.84% at 129,900 KRW, showing a general weakness in entertainment stocks.