[Featured Stock] Cube Entertainment Falls Over 8% Amid So-yeon Contract Renewal Rumors

Cube Entertainment's stock is plummeting following media reports that Jeon Soyeon, a core member of the group (G)I-DLE, failed to renew her contract.

As of 3:09 PM on the 25th, Cube Entertainment is trading on the KOSDAQ market at 12,900 KRW, down 1,180 KRW (8.38%) from the previous close.

The trading volume is around 300,000 shares, with a trading value reaching 3.9 billion KRW.

Earlier in the day, reports emerged during trading hours that Soyeon had failed to renew her contract with Cube Entertainment, which is believed to have negatively impacted the stock price.

However, Cube Entertainment clarified regarding the rumors of contract renewal failure with Soyeon, stating that discussions are ongoing.

In the afternoon, Cube Entertainment stated, "It is true that the exclusive contract period with (G)I-DLE's Soyeon has expired, but discussions about renewal are still ongoing. Scheduled events such as the world tour will proceed regardless of the contract renewal status."

They added, "We will strive to deliver good news as soon as possible through constructive and sincere discussions with the artist."