In the third quarter of the year, K-pop businesses continued to struggle, with three of South Korea’s largest agencies, SM Entertainment, JYP Entertainment, and YG Entertainment, posting poorer financial results. The industry slowdown is attributed to declining album sales and the absence of groups like Blackpink and BTS, who are either on hiatus or fulfilling mandatory military service. Despite streaming revenue not fully compensating for the loss in album sales, shares of these agencies have suffered significant declines, with Hybe, the fourth largest agency, seeing an 11% drop in stock value this year on the Kospi.
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Which countries are included in Trump’s latest round of adjusted tariffs? | Donald Trump News
US President Donald Trump issued an executive order titled “Further Modifying the Reciprocal Tariff Rates,” establishing varying tariff rates by region, including 30% for Algeria and South Africa, 25% for India and Moldova, and 15% for many others across Africa, Asia Pacific, Europe, the Middle East, and the Americas. Key rates include 35% for Canada and Iraq, with the European Union set at 15% for most goods. Want More Context? 🔎
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