BLACKPINK's Contract Renewal Sends YG Entertainment Stocks Soaring

Shares of K-pop agency YG Entertainment surged 29% after announcing the renewal of exclusive group contracts with all four members of Blackpink. The terms of the new deal were not disclosed, but it is speculated that the members will continue group activities under the label. This development ends the contract saga that had caused fluctuations in YG's stock price. Blackpink is one of YG's most successful acts, having achieved numerous milestones and records in the K-pop industry.