K-pop supergroup Blackpink renewed their contract with YG Entertainment on Wednesday, December 6.
Jennie, Jisoo, Lisa and Rosé will remain a quartet although YG has not specified the length of their contracts.
The K-pop group’s previous contracts had expired in August, prompting anxious speculation among fans across the globe whether the stars would begin pursuing individual careers and bring the curtain down on one of South Korea’s most successful musical exports.
“The board has completed a resolution about renewing the contracts with Blackpink’s four members.” YG Entertainment said in the filing.
In 2022, Blackpink became the first female K-Pop group to reach number 1 in the UK and US album charts, and in 2020 their track “How You Like That” became the most viewed video on YouTube in 24 hours.
At the market’s open, YG’s share price skyrocketed from 48,000 KRW ($36.57) — its lowest since January — to 61,900 KRW ($47.16), a 29% increase. It has since settled down to 58,700 KRW ($44.72) at time of publishing, which still marks a more than 22% increase since the start of trading on Wednesday and a year-to-date gain of 24%.
Since their debut in 2016, Blackpink is the most successful K-pop girl group to have impacted the U.S. market, playing Coachella in 2019 and headlining the festival in 2023.
In 2022, Blackpink became the first K-pop girl group and the third K-pop group overall to top the Billboard 200 with their album Born Pink.
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