HYBE, the company behind global K-pop sensation BTS, has seen a significant surge in stock price recently, with a lot of credit going to the success of BTS member Jimin’s solo activities. In the past, HYBE’s stock price had been sluggish due to the suspension of BTS’ group activities and enlistment-related issues. But now, the company’s stock price has been on the rise for four consecutive trading days, signaling a strong recovery.

    The Jimin Effect

    (Photo : Naver)
    The BTS Effect: How Jimin’s Solo Success Skyrocketed HYBE’s Stock Price

    The upward momentum of HYBE’s stock price is largely attributed to the success of BTS Jimin’s solo debut. His track “Like Crazy” from the debut album “FACE” has topped Billboard’s main single chart “Hot 100”, making Jimin the first Korean solo artist to achieve this feat. Experts believe that Jimin’s influence as a soloist has improved investment sentiment and is contributing to the upward trend of HYBE’s stock price.

    Read also: ARMYs Outraged: Media Outlet Under Fire for ‘Controversial’ Article on BTS Jimin’s Solo Success

    The Market Impact of Jimin’s Solo Success

    The stock market has taken notice of the “Jimin Effect” on HYBE’s stock price as well. On Thursday, HYBE’s stock price rose an impressive 7.50% to close at 205,000 won, with an intraday high of 212,500 won, an 11.43% increase.

    Furthermore, Jimin’s success has had a positive ripple effect across the entire entertainment sector, with shares of other major entertainment companies like SM (1.87%), YG Entertainment (2.12%), and JYP (0.91%) also rising as investor sentiment improved. The combination of HYBE’s ongoing recovery efforts and Jimin’s solo accomplishments has led to a noticeable increase in confidence within the industry.

    Read also: BTS Jimin Becomes 1st Korean Artist to Achieve THIS With Solo Album ‘FACE’

    Expansion and New Groups Boost HYBE’s Recovery

    In addition to Jimin’s solo activities, HYBE’s recovery is also due to their expansion efforts and the activities of new groups such as LE SSERAFIM and NewJeans. HYBE’s attempt at acquiring SM Entertainment in February also raised expectations for the company, although the acquisition ultimately fell through. Furthermore, the debut news of the first boy group of HYBE’s label KOZ Entertainment, which is home to renowned artist ZICO, has generated positive buzz and further contributed to the company’s stock price increase. These factors, combined with Jimin’s solo success, are playing a crucial role in HYBE’s revival.

    The Future of HYBE and BTS Members’ Solo Activities

    The recent upward trend of HYBE’s stock price is expected to gain even more momentum if the company continues to expand its roster and if other BTS members also embark on successful solo careers. Additionally, comebacks and concerts of other groups under HYBE’s umbrella can further improve profits and sustain the company’s growth.

    HYBE’s stock price revival can be attributed to a combination of factor including the success of BTS Jimin’s solo activities, the company’s expansion plans, and the debut of new groups. As BTS members continue to explore their solo careers and HYBE expands its artist pool, the company’s stock price is expected to maintain its upward trajectory. With such a promising future, it’s evident that the “BTS Effect” will continue to have a significant impact on the entertainment industry and HYBE’s success.

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    Cassidy Jones wrote this.
    KpopStarz owns this article.

    Read original article here: www.kpopstarz.com

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