Seoul, May 30, 2023 – JYP Entertainment, one of South Korea’s leading entertainment companies, witnessed a significant surge in share prices as they soared past the ₩120,000 mark today. The remarkable increase comes in the wake of the announcement that Stray Kids, a popular boy band under the label, achieved an unprecedented milestone in pre-order sales for their upcoming album, 5-Star.
Stray Kids’ 5-Star amassed an astonishing 4.9 million copies in pre-orders, making it the highest pre-ordered album in K-pop history. This remarkable feat surpasses the previous record set by Seventeen’s FML (2023), which sold 4.64 million copies. The overwhelming response from fans demonstrates the group’s immense popularity and their ability to captivate a global audience.
Investors and analysts have taken notice of Stray Kids’ success and its positive impact on JYP Entertainment’s financial performance. The company’s shares are currently trading at ₩122,200, marking a 7.48% increase for the day. Moreover, the shares have witnessed a remarkable overall increase of 30.28% throughout the month of May.
5-Star, the highly anticipated album by Stray Kids, is scheduled for release on June 2, 2023, under the JYP Entertainment and Republic Records labels. The album, described as “unique and quirky,” showcases the group’s talent and creativity. It features twelve tracks, including the lead single “S-Class,” as well as notable songs such as the Korean version of “The Sound” and “Mixtape: Time Out” from the Mixtape Project. Additionally, the album includes a special guest appearance by renowned rapper Tiger JK on the track “Topline.”
The overwhelming success of Stray Kids and their upcoming album has solidified JYP Entertainment’s position as a powerhouse in the K-pop industry. With the anticipation building for the album’s release, fans and investors eagerly await the impact it will have on the company’s future financial performance.
As JYP Entertainment’s shares soar to new heights, the company’s prospects look promising, bolstered by the remarkable success of their flagship group. With their sights set on continued growth and global recognition, Stray Kids and JYP Entertainment are poised to make a lasting impact in the ever-evolving world of K-pop.