SM Entertainment’s Stock Value Rises To 12 Billion In 6 Months

[-ochre.livejournal.com]

SM Entertainment, who manages popular groups and artistes like Girls’ Generation, Super Junior, Dong Bang Shin Ki and more, has seen an increase in it’s stock value – to reach ₩12 Billion.

At Noon, on the 17th, SM Entertainment announced the increase of ₩ 19,100,000,000. The company’s President, Lee Soo Man, holds 27% of the shares.

On 2 January 2009, the first trading day of the year, SM’s stock was valued at ₩6,860,000,000. They have managed to reach their target of hitting ₩12 Billion within 6 months.

The increase of SM Entertainment’s stock value by more than 50% in the first half of the year is mostly due to the many activities by Girls’ Generation and Super Junior.

One of the largest shareholders being Bae Yong Jun, Keyeast Co’s shares rose to ₩4,000,000,000 and Rain’s company J-Tune Entertainment’s shares rose to ₩2,400,000,000.

Source: [tvxqasia]
Translation credits: mandasoh@iscreamshinki.net

Used to be in a deficit, broke even and now they're booming. Good.

Comments

[ftsk-lykewhoa.livejournal.com]

that scares me fsr :[

[loveisasia.livejournal.com]

Holy MOLY.

[ontokki.livejournal.com]

I want to own shares of SM Ent. :[

[mellamochelsea.livejournal.com]

Too bad SNSD and Super Junior will never get to see the profits they helped SM gain. :/
Time for some kickass bonuses that would even make Teuk stop being so emo? I believe so.

[subpain.livejournal.com]

That's actually not that much money compared to what US record companies would be worth. ₩19 Billion is about $19,000,000 Australian.

[bwukbwukbwuk.livejournal.com]

that is one really big sum of money.

They better be giving suju and snsd bonuses, or a break, as a reward or smth srsly.

[kawaiiairbender.livejournal.com]

get it Lee Soo Man
wow good job SM especially SUJU and SNSD

[hp-groupie.livejournal.com]

The company’s President, Lee Soo Man, holds 27% of the shares.

Greedy mofo.

[kyujong.livejournal.com]

Won is so deceiving lol. You see the word billion and it's like OH SHIT. But when you convert it to other currencies it loses the impact.

[-ochre.livejournal.com]

lol ikr. ₩10 000 (OVER NINE THOUSANDDD) is only USD 7. What.

[hp-groupie.livejournal.com]

What? Really?

[-ochre.livejournal.com]

Yep.

[hp-groupie.livejournal.com]

: /

Isn't Seoul like one of the most expensive cities in the world? So are designer clothes and stuff like millions/trillions of won? This is interesting.

[-ochre.livejournal.com]

I should think so? I don't even want to imagine houses.

[hp-groupie.livejournal.com]

UGH! NEVERMIND! My brain hurts, lol.

[downpour.livejournal.com]

yeah, if you want regular clothing then it's cheaper, but if you want to go for designer/brand name stuff, apparently it's more expensive than what you would get it for in the states. i think that's what makes it so expensive.

[hp-groupie.livejournal.com]

Oh cool. I'm cheap. If it fits and looks alright, I'm good. : )

[kyujong.livejournal.com]

Koreans and their weird money ways.

[-ochre.livejournal.com]

lmao, the Zimbabwean curreny is stable now. ZWD3644 to USD10.

BUT lol,

Notice: The Zimbabwe government redenominated the ZWD again on February 2, 2009 at a rate of 1,000,000,000,000 old ZWD to 1 new ZWD.

Totally loving your icon btw

[kyujong.livejournal.com]

Oh lordy lmao. That's...quite a change.

Ty bb~ Wish I could take credit for making such an awesome icon

[-ochre.livejournal.com]

Also, I've said this before in some other post. Cassies should just each throw out ₩10 000 (USD 7.8) or more if they can afford it. They'll get an accumulated amount of ₩1 000 000 000 at least. That's one fucking billion won. Come on Cassies.

[sya-fhya.livejournal.com]

lol i think i read something like this on soompi before.
but the article only talked about the first 3 months of 2009 so they only mentioned snsd.. so of course suju/dbsk fans went crazy calling the article bs .. which later ended up in bashing snsd as usual lawl.

[hp-groupie.livejournal.com]

I wonder what SHINee just made him in the past couple of months.

o_O

[-ochre.livejournal.com]

SHINee just made him a very happy and rich man.

[hp-groupie.livejournal.com]

As much as I respect their ~amazingness~ DBSK and Super Junior better WATCH OUT when these guys start getting older and running things.

[-ochre.livejournal.com]

IA with this. I love DBSK, but SHINee are going to do some amazing things when they're older.

[kanaala.livejournal.com]

lol.. he sure knows how to make profit..

[heesica.livejournal.com]

i totally love the dollar signs on his glasses XD

[xxsmiiles.livejournal.com]

Okay... but how much do the artists get? D; lol I'm worried they're being jipped.

[its-matteo.livejournal.com]

korean artists get like absolutely no money. that's why they all try to make it in Japan eventually. even flopping there makes more money than being reasonably successful in Korea.

[xxsmiiles.livejournal.com]

O RLY? That's terrible .__.

probably thanks to this smash hit!!

[its-matteo.livejournal.com]

Re: probably thanks to this smash hit!!

[shanny-w.livejournal.com]

lol

Re: probably thanks to this smash hit!!

[missjoongie.livejournal.com]

I love that CD D:
the FYE near me is always like 'why do so many people request for this cd..' :l

[fecking-tea.livejournal.com]

I wish more of that profit went to the artists :|

but alkdfklajflkas the dolla signs lmfao

[amorspesfides.livejournal.com]

LMAO I totally did not see the dollar signs at all, seriously.

[kawaiiairbender.livejournal.com]

I see it's necessary to pimp yourself out huh?

[kawaiiairbender.livejournal.com]

I mean, if the artists get paid for their individual activities. I can see why they go on so many shows.

[kaya.livejournal.com]

Yeah, that's why they make jokes of who's the main guest and what not. Main guests get paid more :T

[achan-x-achun.livejournal.com]

greedy old man !???? hwuhaahha *get smacked*

[evathereal.livejournal.com]

*on your side*

Also I wish CSJH got promoted more... they need to make a comeback!

[achan-x-achun.livejournal.com]

yes !! I totally agree !!! they only active in japan recently ..

[pretzel-knot.livejournal.com]

LOL well, i'm not really surprised. considering how big of a hit Gee and Sorry Sorry was. and now SHINee is going to make even more money for LSM!

[hoyah.livejournal.com]

i thought this news was already posted... xD lol but maybe i just read it somewhere else first

[kaya.livejournal.com]

People make such a big deal about the amount of money the arists get or whatever but it's not like they're starving them and paying them in pennies. They make plenty, it's just, comparatively, no where near the millions artists outside of Korea make.

[vanillacat.livejournal.com]

... isn't that still only, like, $15 million USD? That's... not a lot... American artists are expected to make that much like, off of one concert tour.

[dreamerbri.livejournal.com]

You guys need to understand that the Korean music industry is not nearly as profitable as the ones in America, England, and Japan. How often do you hear about Vietnamese or Polish music for instance? Very few people outside of the country bother listening to it. I can't name a single artist from Ghana that's as big as the Beatles or Mariah Carey (for instance). The South Korean market is getting bigger though.

[-ochre.livejournal.com]

Exactly. The American market makes so much money because it's an internatinal market. People from literally all over the world buy their albums. Making so much money from your own country alone is some crazy shit already.