A new investment fund targeting K-pop fans and those interested in investing in the South Korean entertainment industry launched on the New York Stock Exchange’s Arca exchange on September 1. The KPOP and Korean Entertainment ETF (exchange-traded fund) – ticker KPOP – launched by Seoul-based CT Investments, packages together a variety of K-pop and South Korean media companies. These include...
Blackpink’s music label YG Entertainment is among 30 companies included in a new US investment fund, the KPOP and Korean Entertainment ETF. Photo: YG Entertainment
These include BTS’ label Hybe, Blackpink’s label YG Entertainment, NCT’s label SM Entertainment, Twice’s label JYP Entertainment, and CJ ENM, which is behind events including KCON and the MAMA Awards, and the Oscar-winning film“It is time for fandom to directly contribute to the K-pop industry beyond culture,” reads the ETF’s website.K-pop as a music entity and cultural power has grown significantly in recent years, drawing millions of fans around the world.
The ETF enables international investors to directly back the South Korean stocks of the companies it holds.
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