In the previous few months, HYBE’s struggles in the financial market have made headlines repeatedly. The company’s stock prices are seeing an unprecedented low after it announced that Lee Jae Sang, the company’s CSO (chief strategy officer), will replace Park Ji Won as the new CEO. Park Ji Won | HYBE Lee Jae Jang | Yonhap Lee’s […]
“Laughing Stock” Quality Of P-Pop Group BINI’s Official Merch Angers Filipino Fans
The official merchandise of Filipino P-Pop girl group BINI, particularly their lightstick known as the BINI Wand, has sparked significant backlash from their fanbase, BLOOMS. BINI | @bini_ph/Instagram BINI Wand | @bortangbarbie/X The lightstick, notable for its blue handle and inner flower, has been widely criticized for its poor quality. Fans describe it as toy-like, […]
Yang Hyuk Suk Purchases 20 Billion KRW Worth Of YG Entertainment Stock — Raising His Stake To Over 19%
Yang Hyuk Suk has purchased ₩20.0 billion KRW (about $ 14.9 million USD) worth of YG Entertainment stock, raising his stake in the company from 16.8% to 19.3%. According to a press release from YG Entertainment to media outlet MBC, Yang Hyuk Suk purchased a total of 461,940 shares of YG Entertainment stock at an […]
Police Raids Kakao After Suspicions Of Stock Manipulation During The SM Entertainment Acquisition
Kakao and Kakao Entertainment were raided on April 6, 2023, by the Prosecutors and Financial Supervisory Service due to allegations of stock market manipulation. An investigation has begun to determine whether or not their mass stock acquisition was done under market price manipulation. Around 40 investigators and Financial Supervisory Service (FSS) special judicial police officers […]