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Shares of K-pop agency plunge 9% after Blackpink member reportedly rejects contract renewal

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South Korean media reported that Lisa rejected a 50 billion won offer from YG Entertainment.

Shares of YG Entertainment, which manages K-pop girl group Blackpink, suffered its largest one day drop since Sept. 28, 2022, tumbling almost 9%.

Blackpink — made up of members Jisoo, Jennie and Rosé, in addition to Lisa — has been one of YG Entertainment's most successful K-pop groups. Rosé, Jisoo, Lisa, and Jennie of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California.Shares of K-pop agency YG Entertainment tumbled almost 9% on Friday after South Korean media reported that Blackpink member Lisa has rejected a contract renewal offer from the agency.According to South Korean

 

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