S. Korean cosmetics stocks up this year; entertainment shares down
Shares of South Korean cosmetics companies have risen sharply this year, while those of entertainment firms have declined, data from the main bourse operator showed Friday. According to data compiled by the Korea Exchange (KRX), the KRX Consumer Staples index, which includes cosmetics and food companies, rose 17.29 percent this year through Thursday. Shares of Kolmar Korea Co. more than doubled…
South Korean cosmetics stocks surged this year, while entertainment shares declined, according to data from the Korea Exchange. The KRX Consumer Staples index, which includes cosmetics firms, climbed 17.29 percent through Thursday. Kolmar Korea Co. shares more than doubled, while Cosmax Inc. and APR Co. rose 88.04 percent and 60.82 percent, respectively.
Conversely, the KRX K-Content index, tracking online platforms, game developers, and entertainment agencies, fell 31.37 percent, marking the most significant decline among KRX industry indexes. Of the 19 companies in the KRX K-Content index, 17 experienced share declines. Hybe Co., the agency behind the K-pop sensation BTS, saw its shares drop 50.33 percent.
Kakao Corp. and JYP Entertainment Corp. experienced declines of 46.26 percent and 45.52 percent, respectively.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
