'Twice' girl group agency now Korea's second-biggest K-pop stock

A Stray Kids album - which was a compilation of songs performed during the competition - placed second on Billboard's World Album chart for the week of Jan 20

The South Korean stocks have had a rocky start to the year but one entertainment company is getting a big boost, all thanks to K-pop.

JYP Entertainment Corp — the agency representing the popular ‘Twice’ girl group — rose 22 per cent this week through Thursday, boosting its market capitalisation to 552 billion won ($516 million). The company overtook YG Entertainment Inc to become No. 2 among the ‘Big 3’ entertainment agencies in Korea. SM Entertainment Co. leads with a value of 829 billion won.

Investors are eyeing JYP mainly because of the success of the girl group Twice and a nine-member boyband