BLACKPINK's Dramatic 'Full Group Renewal Contract'... YG Stock Soars 29%

BLACKPINK's Contract Renewal... Members "In Negotiation"
YG Up 29% · Subsidiary YG PLUS Up 23%

YG Entertainment (YG), which successfully renewed contracts with all members of BLACKPINK, is seeing a surge in its stock price.

Girl group BLACKPINK.
[Photo by YG Entertainment]

As of 10:07 AM on the 6th, YG announced, "The board of directors has completed the resolution regarding the exclusive group contract renewal with all four members of BLACKPINK." With this, YG has secured its largest IP (intellectual property).

Accordingly, YG's stock price on the KOSDAQ market is trading at 57,100 KRW, up 9,100 KRW (18.96%) compared to the previous day. Immediately after the contract renewal announcement, the stock price surged, reaching 61,900 KRW at 9:25 AM, soaring up to 29% compared to the previous day.

YG's subsidiary YG PLUS also traded at 5,180 KRW, up 980 KRW (23.33%) from the previous trading day.

Yang Hyun-suk, YG's Chief Producer, stated, "We are pleased to continue our relationship with BLACKPINK. Going forward, BLACKPINK will do their best to shine even more brilliantly in the global music market as artists representing not only our company but also K-POP. We send our unwavering support and trust in their future endeavors."

BLACKPINK Rises as the World's Top Girl Group... Every Released Song a Hit

Girl group BLACKPINK.
[Photo by YG Entertainment]

Leading K-POP girl group BLACKPINK has established itself as the world's top girl group since their debut in 2016, with every released song becoming a hit.

They have left monumental footprints in K-POP history, including being the first K-POP girl group to achieve double million-seller status, topping the US Billboard 200, becoming the first Asian artists to headline Coachella and Hyde Park, and conducting the largest world tour by a female Korean singer. BLACKPINK’s influence as a global top artist continues to grow daily, both as a group and as solo performers.

All four members have led trends as representative style icons, influencing not only the musical domain but also the broader popular culture, steering trends in the K-POP industry. Their official YouTube channel boasts 92.1 million subscribers, ranking first among all male and female artists worldwide, solidifying their status.

Recently, they were recognized for their role as ambassadors for the 26th UN Climate Change Conference of the Parties (COP26), receiving the Member of the Order of the British Empire (MBE) from King Charles III of the United Kingdom, further strengthening their "team brand value."

However, the status of individual exclusive contracts for the members outside of group activities remains unknown. Each member has successfully pursued careers as singers or actors and gained international recognition as ambassadors for global luxury brands, making it challenging to meet the expectations of all four members.

Consequently, some speculate that certain members might leave YG individually and follow a "separately yet together" approach, balancing solo activities with team activities under YG, similar to other famous groups. YG has remained reserved on individual exclusive contracts, stating that discussions are "ongoing."