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Market Cap of Entertainment Agencies Nosedives on K-pop Sex Scandal

Market Cap of Entertainment Agencies Nosedives on K-pop Sex Scandal

SEOUL, Mar. 17 (Korea Bizwire) — The combined market capitalization of major listed entertainment agencies sharply lost ground since a sex scandal surrounding K-pop stars rose to the surface last month, market data showed Sunday. The combined market capitalization of the top five listed entertainment agencies plunged around 600 billion won (US$527 million) on Friday [...]