Success of TWICE, abolition of one-man control, propel JYP’s ascent to No.1 entertainment firm
Aug 30, 2018
JYP Entertainment, the home for top-rung girl band TWICE, beat its long-time rival SM Entertainment to emerge as the biggest entertainment firm by market capitalization for the first time in nearly two decades this week. Following steady growth since early this year, shares of JYP finished at 31,300 won (US$28.20) on the tech-intensive KOSDAQ bourse on Thursday, up 2.29 percent from a day earlier. The hike pushed up JYP’s market capitalization to 1.09 trillion won, surpassing SM‘s market capital