Blackpink Renews Contract with YG Entertainment, Boosting Company Shares

The globally successful K-pop group dispels breakup rumors, plans new album and world tour.

K-pop girl group Blackpink has renewed their contract with YG Entertainment, dispelling rumors of a potential breakup.
Following the announcement, YG Entertainment's shares rose by as much as 29%, reflecting the group's significant impact on the company's value.
The group's previous contract expired in August, leading to speculation that the members might pursue individual careers.
Blackpink, formed in 2016, has achieved global success, setting records on the Billboard charts and becoming the first female K-pop group to headline Coachella.
Details of the individual contracts for each member are still under negotiation.