Lee Soo Man and Park Jin Young enjoy significant rises in their company stock value
According to the list that was released by Chaebul.com on January 14, SM Entertainment's Lee Soo Man and JYP Entertainment Park Jin Young enjoyed significant rises in their company stock value over the past year.
Lee Soo Man took first place on the list, with his stake in SM currently valued at 155.8 billion won (about 147 million USD). His stock value rose 40.2 percent over the past year.
Park Jin Young, who was third on the list saw 172.4 percent increase in the value of his company shares, which are currently worth 73 billion won (about 69 million USD).
The reason why Lee Soo Man and Park Jin Young could enjoy significant rises in their company stock value over the past year was basically because the tension between Korea and China has eased off.
In 2017, the value in stock assets held by Korea’s entertainment industry leaders has plummeted in the wake of the Chinese government’s response to the US anti-missile system deployment. In the early 2017, Lee Soo Man saw a decrease of more than 40 percent in his stock value. China is a very important market for k-pop agencies, and that's why the value in stock assets held by Korea’s entertainment industry leaders has plummeted at the time. But recently, the tension between Korea and China has eased off, and Korean entertainment companies' stock prices have turned around and are rising.
On the other hand, YG Entertainment's Yang Hyun Suk, who was second on the list by Chaebul.com saw a slight decrease of 1.5 percent in his stock value, which is currently worth 95.1 billion won (about 91 million USD).
A number of factors have effect on the stock price, and it's hard to explain why YG's stock price didn't turn around unlike SM and JYP's. But it seems certain that many investors are still not sure about the future of YG, whose representative artist BIGBANG will join the army soon. 2018 will be a very important year for Yang Hyun Suk because he has to make YG's stock price recovered by making iKON and WINNER super stars before BIGBANG's enlistment.