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[Alpha Biz=(Chicago) Reporter Kim Jisun] Shares of SM, a major entertainment company in Korea, have continued to fall.
SM is trading at 70,900 won on the KOSDAQ market at 9:24 am on the 7th, down 1,300 won (1.80%) from the previous trading day. It dropped to 70,500 won during the day, recording a 52-week low. Stock prices have fallen 23% this year alone.
Recently, it was reported that SHINee members Taemin and Onyu will leave SM due to the expiration of their exclusive contract. According to OSEN, SM said, "SHINee activities will continue in SM, and contracts for individual activities will be decided in the direction each member wants."
Rumors of a romantic relationship with Karina, a member of the group aespa, spread earlier. aespa and actor Lee Jae-wook are known to have attended a fashion show in Milan, Italy, earlier this year. On the 27th of last month, SM admitted to dating, saying, "The two of you are getting to know each other."
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
