Global demand for K-pop and strong first-quarter results are helping South Korean music companies outperform the stock market as well as their music industry peers.
Through Tuesday (May 16), shares of the four largest K-pop companies — HYBE, SM Entertainment, YG Entertainment and JYP Entertainment — have risen an average of 75.1% year to date compared to 8.3% for the S&P 500, 19.4% for the Nasdaq composite and 11.6% for the Korean Composite Stock Index.
K-pop companies are vastly outperforming other music companies, too. Shares of the two largest publicly traded standalone music companies, Universal Music Group and Warner Music Group, have declined 15.6% and 25.2%,
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