Posted 12/24/2023, 6:08:31 PM
YG Entertainment Stocks Drop Over $60 Million After Uncertainty Around G-Dragon's Future
- YG Entertainment stocks dropped over past 4 days after G-Dragon news, losing 5.11% value and $64M market cap
- Stocks fell from 54,800 won to 52,000 won since Galaxy Corp conference about G-Dragon's future
- Declines attributed to uncertainty around G-Dragon, who drives much of YG Entertainment's value
- Not the first time - YG lost $130M back in June over G-Dragon contract renewal reports
- YG now stands at 963.9B won market cap, down 83.5B won due to recent stock drops tied to G-Dragon