On July 23, 2024, around 1 a.m. KST, Korean media outlets reported that a warrant had been issued for the arrest of Kakao founder Kim Bum Soo for the manipulation of SM Entertainment stocks. Kim Bum Soo | Joongang He showed up at the South District Court in Yangcheon-gu, Seoul, in the afternoon on July […]
Aespa And Stray Kids’ Reportedly Dissappointing Album Sales Cause Company Stocks To Plummet
In an industry that thrives on robust international sales, particularly from the lucrative Chinese market, K-Pop has hit an unexpected downturn. The recent plummet in album sales within China, which has nearly halved, is sending shockwaves through South Korea’s entertainment sector, as reflected in the decreasing stock prices of the country’s leading entertainment companies. | […]