YG Entertainment stock value has been on the decline since early 2019!
It all started with the “Burning Sun” controversy and subsequent controversies the agency suffered from.
On June 12, Dispatch released Kakaotalk conversations alleging B.I attempting to purchase illegal drugs. Following the report, B.I took to his Instagram account to announce his departure from the group, his agency later also announced that his contract was terminated as well.
As of June 12, the stock price of YG is valued at 31,950 won (approx. 27$), this is a 4$ decrease from the previous day.
The market capitalization for YG also fell from 834.7 billion won (approx. $705.6 million) in January to 581.4 billion won (approx. $491.5 million) as of this date of the article.