“TWICE and GOT7, thank you for doing so hard.”
JYP Entertainment, which has surpassed sm and YG, the largest domestic agencies, and became the top market cap company, turned the ball to its artists.
JYP, which had always been in the second and third place among the three companies, showed the power to take the first place in the market cap by defeating sm, the number one company in the last year. JYP recorded a market capitalization of 1.99 trillion won, making it the number one entertainer in Korea.
On the 22nd of last month, he joined the '1 trillion club' with a market capitalization of 1.10 trillion won, and after that, he continued to rise to the top of the domestic enterprise market in a week after exceeding 1 trillion won. JYP, which recorded the lowest price of 159.4 billion won in February last year, has grown more than six times in a year and a half.
Where did this drive come from? Before the success of TWICE and GOT7, 2PM, Wonder Girls and Miss A were the key groups in JYP. 2PM has been a great success, continuing large concerts in Japan as well as in Korea. However, as time went by, the members became older to go to the army, and Ok Taek-yeon joined the army last September. Since then, 2PM's complete activities have been suspended and individual activities have been started, and members are enlisted or waiting in order. Wonder Girls, a popular girl group that has been a JYP supporter for 10 years, was officially disbanded in February last year, and even 'Miss A' was on its way to some members in December last year due to failure to renew contracts.
In the meantime, JYP Sasse seemed to be leaning, but the group TWICE, which debuted in October 2015, played a big role and replaced the gap of the senior group. TWICE has started to contribute greatly to the expansion of the market since its entry into Japan in June last year, which has caused explosive box office success to rewrite the history of Korean Wave in Japan. At that time, the Japanese atmosphere was completely lulled by the Korean Wave, and it was somewhat burdensome to advance into TWICE, but this concern was only a matter of relief. TWICE even took the opportunity to become an Asia One Top Girl Group with the entry into Japan.
TWICE has broken local records with songs released by Japan. Kandy Pop, released in October last year, posted 117,486 albums on the first day, making it the number one spot on the Oricon chart. This is the highest sales record ever on the day of the single release of Korean girl group in Japan. In just two days after its release, Kandy Pop broke the 350,000 pre-order volume and set a milestone in achieving three consecutive platinums. In the annual ranking of newcomers compiled by Japan Oricon, it became the first overseas woman to become the first female artist to become the Asia One Top Girl Group.
In the dreadful growth of TWICE, local media also said, "The popularity of TWICE in Japan is super limited." Japan fans also include three Japanese members of TWICE members, who are more interested in and supportive than other Korean Wave groups.
TWICE has reached the top of the local music charts with a new song 'BDZ' released ahead of the release of its first full-length album on December 12. JYP chief J. Y. Park continues to hit the song.
GOT7 (GOT7), a global group that successfully completed the World Tour, recently contributed greatly to the expansion of the situation, and expectations for the growth of the new group Stray Kids also played a leading role. The JYP 2.0 investment briefing video released by J. Y. Park on YouTube is also believed to have given confidence to investors.