K-pop boom makes entertainment magnates stock millionaires
Aug 27, 2012
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 percen