The news of Jimin making history as the first and only Korean solo artist and the only Asian solo artist in the past six decades to achieve #1 on the US Billboard Hot 100 chart has taken the world by storm and is being covered by all the major news outlets in every country. South Korea has notably broadcasted the news extensively, with all the top TV stations reporting about it several times a day in their different news segments, the print media has made it front-page news, and numerous online publications have covered it as well.
This positive and impactful news prompted fresh interest from the general public and from investors in the K-pop industry, as seen from the immediate dynamics of the stock market.
Several media outlets reported that, as it had been observed from the data from Korea Exchange, there was a significant increase in HYBE’s stock price soon after the news of Jimin’s significant achievement started to make rounds, and the price has only continued to surge since then. According to reports, the stock price had experienced jumps as high as 11.43% at some point, and the big surges would occur within periods as short as just 13 minutes.
This positioned the company’s stock price at the highest level ever since June 2022 when BTS announced a halt to group activities to focus on individual projects, a development that had caused some worry about the future of the company given that BTS accounted for the biggest share of the company’s revenue. It would appear that Jimin’s achievement has restored investors’ and the public’s confidence in the company!
What is more, this surge in stock prices did not only apply to HYBE, but to all other big entertainment companies in the country, namely SM, JYP, and YG, through a ripple effect.
This was yet another instance where Jimin’s unrivaled impact came into play, and even though they already knew the kind of influence that Jimin has, fans were absolutely in awe of the scale of his impact. Here are some of their reactions to this revelation.
The massive success of Jimin’s official solo debut project is undeniable, and fans are gladly looking forward to the future of this journey with him!
