SEOUL: High expectations of new girl groups have bolstered the stock of Hybe to offset some of the concerns from the hiatus of mainstay artist BTS, while new albums of iconic South Korean girl groups Blackpink and TWICE lifted their labels JYP and YG after South Korean entertainment majors finished the first half better than expected.
Hybe, JYP Entertainment, and YG Entertainment reported a combined revenue of 840.4 billion won (US$628 million) in the April-June period and an operating profit of 141.3 billion won, surging 43% and 87%, respectively, from the same period of the previous year.
