K-pop rally fades as profit worries mount

Shares of major K-pop agencies are under pressure, as slowing growth and weakening profitability dampen investor sentiment. Hybe, the agency behind BTS, traded at 248,250 won ($168) as of 2 p.m. Tuesday, down 0.7 percent from the previous session, according to the Korea Exchange. The stock rallied earlier in the year on expectations of a BTS comeback-driven boost, hitting a 52-week intraday high of 405,500 won on Feb. 13. However, gains have since reversed, with the share price nearly halving fr

By The Korea Herald