Owners Receive Tens of Billions of Won in Compensation in the First Half as Entertainment Stocks Fall

Although the stock prices of major domestic entertainment companies such as HYBE, JYP Entertainment, YG Entertainment, and SM Entertainment have fallen sharply this year, it has been reported that the founders and largest shareholders, among others, received compensation worth billions of won in the first half of the year. According to electronic disclosures filed with the Financial Supervisory Service on the 12th, HYBE Chairman Bang Sihyuk received 2.805 billion won in bonuses alone in the first half. JYP Chief Creative Officer Park Jinyoung received a total of 1.719887 billion won, including 1.26 billion won in bonuses, and YG Chief Producer Yang Hyunsuk received a total of 3.019 billion won. SM Entertainment coCEO Tak Youngjun also received 1.329 billion won, including bonuses. Over the same period, the stock prices of the four companies fell sharply compared with the end of last year. HYBE fell 47.6%, JYP 45.7%, YG 37.5%, and SM 37.8%. In particular, HYBE saw the largest decline as legal risks and a stock price drop overlapped recently, and its dividend yield was also calculated at a lower level than that of major competitors.