News : SM Stock Values Increases b/c of SJ & SNSD

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.

~Credits : allkpop