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With the recent reports involving SM Entertainment artists, the entertainment agency is a suffering a fatal blow on its stocks. Following the confirmation of Jessica's removal from Girls' Generation and EXO's Luhan's lawsuit against the agency, SM Entertainment saw a severe dip in their stocks, enough for YG Entertainment to usurp them in rankings.
SM Entertainment's stock prices dropped 3,100 KRW since succeeding news about Jessica and Luhan circulated the internet. Now, it is being reported that SM Entertainment's stocks has dropped even further so much so that YG Entertainment has surpassed them in terms of market value with respect to total shares offered.
SM Entertainment has consistently performed well in the stock market, and has been widely regarded as the top performing Korean entertainment agency in the stock market. But with one scandal after another, SM Entertainment was bound to experience a staggering stock drop. In particular, stock prices went down to a 52-week low, while the market capitalization plummeted to 644.2 billion KRW. YG Entertainment is now in first place with market capitalization value of 743.3 billion KRW.
In the KOSDAW market capitalization list, YG Entertainment is listed at rank 25 while SM Entertainment is at 32.
Stocks for YG Entertainment can be expected to go higher. Other than SM Entertainment's current idol dilemmas, YG Entertainment is actively promoting their artists and securing good reviews and sales all together. Recently, Akdong Musician made a successful comeback. Epik High is slated for a much-awaited comeback next. YG Entertainment is also teasing of a Big Bang comeback sometime before the year ends.
Other entertainment agencies are also losing in the stock market following scandals involving their artists. To name one, Key East Entertainment took a dip in terms of stock market values following Lee Byung Hun's blackmail scandal.
Certainly, this hasn't been a good year for SM Entertainment.
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