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BTS’s second No.1 score on Billboard 200 lifts relevant stocks

2018.09.03 15:36:50 | 2018.09.03 15:58:48
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[Photo provided by Big Hit Entertainment]이미지 확대

[Photo provided by Big Hit Entertainment]

Investors turned to relevant stocks upon news that South Korean boy band BTS has hit another home-run with latest album that went straight to No. 1 in the U.S. Billboard 200 chart.

Shares of KeyEast, whose Japanese subsidiary has a management right for BTS in Japan, rose 2.5 percent to close at 3,900 won ($3.51) on the Kosdaq bourse on Monday. Korea’s leading game developer Netmarble Corp., the second largest stakeholder of the K-pop icon’s producer Big Hit Entertainment, closed the day unchanged at 116,500 won after hitting 118,000 won earlier. Big Hit Entertainment is unlisted.

The stocks gained new impetus after BTS’s “Love Yourself: Answer” - the third in the boy band’s Love Yourself trilogy - dominated the Billboard 200 chart dated Sep. 8 with 185,000 equivalent album units earned in the week ending Aug. 30 in the U.S.

Among them, 141,000 were in traditional album sales, according to Nielsen Music.

The latest feat comes in just three months since the boy band took the No. 1 spot on the same chart with its previous “Love Yourself: Tear” album. Only 19 musicians including BTS have achieved the milestone of ranking top the list twice a year with their two albums.

The Billboard 200 chart ranks the most popular albums of the week in the U.S. based on album sales, track equivalent albums and streaming equivalent albums.

By Kim Yeon-joo and Lee Ha-yeon

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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