CUBE Entertainment Begins Public Trading, Plans Chinese Expansion

Congratulations are in order for CUBE Entertainment as the fast-growing South Korean record label began its first day as a publicly listed company on the Korea Exchange April 9, a move that is seen to propel its growth as a global entertainment company.

Agency artists and executives trooped to Korea's stock exchange for the momentous event, with all employees led by CEO Park Choong Min and artists such as 4minute, B2ST, G.NA, BTOB, No Ji Hoon, Kim Giri, Shin Ji Hoon and CLC attending the first listing day held at the Public Relation Hall of KOSDAQ building in Seoul, reports bnt news as republished by Yahoo! Singapore.

"I really appreciate the artists and employees for trying their best for this moment. From now on, we all will try our best to be the global entertainment company based on stable business strategy and persistent challenges," the CEO reportedly said.

CUBE Entertainment has steadily grown over the years since its founding in 2008. It began to debut artists in 2009 with the launch of girl group 4minute and boy group B2ST, then in subsequent years expanded their roster of top Korean solo artists, and even established a subsidiary, A Cube Entertainment, which currently houses A Pink and Huh Gak.

CUBE Entertainment has been rumored to be eyeing the Chinese market through partnerships with Chinese companies, reports Koreaboo.

CUBE Entertainment's public listing allows the company to join a prestigious rank of agencies that are also traded in KOSDAQ such as YG Entertainment, SM Entertainment, FNC Entertainment and JYP Entertainment.

Currently, YG Entertainment has the highest stock value among these publicly listed entertainment companies, trading at 48,750 won per share with 14.5 million shares outstanding, also reports Koreaboo.

SM Entertainment ranks second at 34,350 won per share with 20.51 million shares outstanding.

Cube Entertainment starts trading at 3,880 won per share, the lowest among the five, behind JYP Entertainment's trading price of 5,610 won per share for 31.48 million shares outstanding, and FNC Entertainment with 23,350 won per share for the 5.16 million shares outstanding.

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Cube Entertainment
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