Among SM, YG, JYP, and HYBE, which entertainment company do you think has the highest market value?

On June 16, entertainment industries and the Korea Exchange disclosed the market capitalization of HYBE as well as the "Big 3" (Entertainment Company of SM, YG, and JYP ). Among the four major K-pop companies, HYBE Corporation, formerly known as Big Hit Entertainment topped the list!

HYBE Achieved New Record by Reaching 10 trillion KRW Market Cap, Thrice the Total of SM, YG, and JYP

According to the data presented by Chosun Biz, HYBE Corporation's market cap surpassed 10.2 trillion won as of June 15. Due to this, the company now holds the highest market cap among major entertainment companies, surpassing SM.

This is the first time in the entertainment industry that a company reached 10 trillion won---ten times higher than the "BIG 3." In context, market capitalization is the estimated total value of the company on the open market, based on the share price and the total number of outstanding stocks.

Also Read: HYBE's Market Value Surpasses 10 Trillion Won, Foreign Investors Snags Shares

Current Ranks of "BIG 3" SM, YG, and JYP Entertainment Based on Market Cap

In the entertainment industry, "BIG 3" refers to the three largest companies comprised of SM, YG, and JYP. The trio has been reigning for decades now, and they are called legendary not only for their company size and revenue but for their legacy.

The three mentioned companies are home to numerous iconic K-pop artists that pioneered the global growth of K-pop from first-generation groups to fourth generation groups, including boA, Super Junior, Girls Generation, Wonder Girls, BIGBANG, and the list goes on.

Moving on, the "BIG 3" all boast a market cap of around KRW 1 trillion. But based on the closing prices of the three companies on June 15, SM followed HYBE with a market cap of 1.196 trillion won. JYP Entertainment then comes after with 1.466 trillion won, while YG holds a 965.9 billion won market cap or approximately 1 trillion won.

In fact, the Korea Exchange announced earlier in May that SM Entertainment, along with YG, was downsized into mid-sized businesses from top blue-chip companies. According to the sole securities exchange operator of Korea, the reason for the demotion is due to the companies' poor financial performances.

However, based on the recent report of Korean Securities Dealers Automated Quotation (KOSDAQ) last May 28, HYBE and the "BIG 3" showed a significant increase in their trading market performance following the consecutive releases from each company.

KOSDAQ also mentioned the rise in trade value for SM and YG, following EXO and TWICE comebacks this June.

Read More: TMI News Releases Top 14 Idol Agency Buildings in Terms of Market Price and Facilities — Which is No. 1?

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Written by Eunice Dawson