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

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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.

 

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