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[News] 090618 SM Entertainment’s Stock Value Rises To 12 Billion In 6 Months

Posted on: March 22, 2011

wow, before there was a news that SM wasn’t making money now this…. things sure turn around pretty fast huh

from SME official statement “SM Entertainment was suffering from a business deficit in the 4 years after the group’s debut.”

——-

SM Entertainment, who manages popular groups and artistes like Girls’ Generation, Super Junior, Dong Bang Shin Ki and more, has seen an increase in it’s stock value – to reach ₩12 Billion.

At Noon, on the 17th, SM Entertainment announced the increase of ₩ 19,100,000,000. The company’s President, Lee Soo Man, holds 27% of the shares.

On 2 January 2009, the first trading day of the year, SM’s stock was valued at ₩6,860,000,000. They have managed to reach their target of hitting ₩12 Billion within 6 months.

The increase of SM Entertainment’s stock value by more than 50% in the first half of the year is mostly due to the many activities by Girls’ Generation and Super Junior.

One of the largest shareholders being Bae Yong Jun, Keyeast Co’s shares rose to ₩4,000,000,000 and Rain’s company J-Tune Entertainment’s shares rose to ₩2,400,000,000.

Source: [tvxqasia]
Translation credits: mandasoh@iscreamshinki.net
Shared by: sharingyoochun@wordpress

SME, what should I ever do with your lies.

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2 Responses to "[News] 090618 SM Entertainment’s Stock Value Rises To 12 Billion In 6 Months"

I think SM fudged this.

They did and were very bitter. ^^

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