A $5.6 billion rally in K-pop stocks looks set to power on, as a growing global fan base fuels one of the hottest trades in South Korean equities.
Shares of the nation’s four biggest K-pop agencies — Hybe Co., SM Entertainment Co., YG Entertainment Inc. and JYP Entertainment Corp. — have jumped at least 33% this year, double the advance in the benchmark Kospi Index. Overseas funds are snapping up the stocks as they outperform global recording labels including Universal Music Group NV and Warner Music Group Corp.
