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SM Entertainment's stocks dip amid aespa's Karina and Lee Jae Wook's relationship confirmation; Reports - PINKVILLA

SM Entertainment, a major player in the K-Pop industry, reportedly faced a decline in stock prices following the confirmation of the romantic relationship between aespa's Karina and actor Lee Jae Wook. The announcement on February 27 sparked significant fan interest but coincided with a 3.7% decrease in SM Entertainment's stocks.

SM Entertainment's stock prices reportedly face drop after aespa's Karina's dating confirmation

SM Entertainment, a juggernaut in the K-pop industry, is reportedly facing a significant decline in its stock prices following the confirmation of the romantic relationship between aespa member Karina and actor Lee Jae Wook. The news, announced on February 27, sent waves through the entertainment world and seemed to impact SM Entertainment's financial standing.

While both celebrities acknowledged their relationship through their respective agencies, with SM Entertainment stating that the couple is "currently getting to know each other," the company's stocks reportedly experienced a downturn. Despite recent efforts to enhance shareholder value, including a dividend payout and retiring shares, SM Entertainment's stocks dropped by 3.7 percent on the announcement day.

Although the direct correlation between the dating news and the stock market response remains speculative, the timing of the decline following the confirmation of the relationship has drawn attention from Korean media outlets. As Karina and Lee Jae Wook are influential figures in their fields, the public's fascination with their relationship could've possibly influenced SM Entertainment's stock market performance.

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aespa's Karina and Lee Jae Wook confirmed dating each other on February 27

On February 27, aespa's Karina and actor Lee Jae Wook officially confirmed their romantic relationship through statements from their respective agencies. SM Entertainment, representing Karina, mentioned that "the two are currently getting to know each other." In contrast, C-JeS Studio, representing Lee Jae Wook, confirmed the relationship and urged privacy due to the actor's ongoing filming commitments.

The news initially surfaced through Dispatch, revealing that the couple met in Milan while serving as ambassadors for a luxury brand. Their connection reportedly began at the FW fashion show on January 14, igniting a romantic spark between the K-pop idol and the actor. The public acknowledgment of their relationship has generated widespread interest and support, marking a significant moment for both Karina and Lee Jae Wook in their respective careers and personal lives.

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2024-02-27 20:24:21Z

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