K-pop boom makes entertainment magnates stock millionaires

[ashiva.livejournal.com]

The stock values of two major entertainment agency owners in Korea have exceeded 200 billion won ($176 million) on the back of growing popularity of K-pop around the world.

According to chaebul.com, a website following South Korea’s conglomerates, stakes held by S.M. Entertainment’s Lee Soo-man came in at 242 billion won; YG Entertainment’s Yang Hyun-seok’s shares stood at 223.1 billion won at closing on Aug. 24.

According to the website, foreign shares in S.M. Entertainment rose from 8.18 percent to 18.06 percent. Some of the groups under the agency’s management such as Girls’ Generation and Super Junior gained great popularity internationally, establishing firm fan bases overseas.



Source: Lee Woo-young @ The Korea Herald

Comments

[rennehollic.livejournal.com]

where do I get SM shares?
I need money

[rennehollic.livejournal.com]

but I'm not surprised...even thought I imagined JYP would be higher than Keyeast ent.

[exo-cath.livejournal.com]

Yeah, that's what I thought as well

[windygables.livejournal.com]

I imagine its because despite their multiple groups they never actually kept them under the same agency and always gave them their own management agencies :o

[izabera.livejournal.com]

the 2011 list if anyone cares:
1. Lee Soo Man (SM Entertainment) – $165.7 million USD (24.43%)
2. Yang Hyun Suk (YG Entertainment) – $83.8 million USD (47.73%)
3. Bae Yong Joon (Key East) – $12.1 million USD (34.60%)
4. J.Y. Park (JYP Entertainment) – $6.6 million USD (6.14%)
5. BoA (SM Entertainment) – $4.1 million USD (1.25%)
6. Oh Seung Hoon (Enter Skills) – $3.16 million USD (23.66%)
7. Yang Soo Kyung (Yedang) – $2.95 million USD (5.30%)
7. Kang Ta (SM Entertainment) – $1.15 million USD (0.35)

No Rain and no Kyun Mi-ri? I'm a bit surprised by this.

[anconeous.livejournal.com]

Damn. Get it, BoA and Kangta!

[o-srsly.livejournal.com]

wow YG rose a lot

[blkjck.livejournal.com]

never heard of key east entertainment
is that a company of actors?

[ashiva.livejournal.com]

Yup, though they also have signed Kim Hyun-joong.

[o-srsly.livejournal.com]

I spit out my mocha at this shade, thumbs up

[defiasco.livejournal.com]

i don't think that's (intentional?) shade cos he's a singer as well.

[ashiva.livejournal.com]

YG is catching up to Lee Soo Man!

[deeinanutshell.livejournal.com]

YG just owns a bigger majority of his stocks~
I guess he wants to have more control on what goes on in YGE.

[icierrrrrblue.livejournal.com]

lmfao snsd + dbsk hasn't come back yet, the last time snsd came back, stock price went up to 100000 won each, it's only 54000 last time I heard.

[xists-09.livejournal.com]

LSM owns only around 25% while YHS owns like almost 50% of his company shares. So if LSM has the same percentage of shares with YHS then his amount would've been doubled. I'm honestly surprised that LSM still keeps on reigning despite him having already sold most of his shares.

[ashiva.livejournal.com]

Actually YHS owns nowadays 35.79% instead of half, but you are right that LSM has smaller percentage than him.

[deeinanutshell.livejournal.com]

Those are very uneven pie slices.

[xoxlizzi3xox.livejournal.com]

what is yedang company??

[anconeous.livejournal.com]

It's Chi-Chi and C-Clown's company. Mostly has non-idol singers like Im Jaebum and Ali, as well actors and actresses like Lee Jung-jae, Kim Jung-eun, Kim Ah-joong, Kim Haneul, and Kim Sun-ah.

[u-niverse.livejournal.com]

I think Psy will earn quite abit for YG this year before the popularity of Gangnam Style runs its course. GD is coming back soon, and 2ne1 had not have their comeback yet. Seems like another fruitful year for YG ahead.

[noneko.livejournal.com]

Doesn't BoA own a lot of SM stock? Gurl is making bank.