Blackpink’s agency experiences a surge in stock value following the renewal of deals by the K-pop stars.

YG Entertainment Inc.
said all four members of Blackpink renewed their contracts with the K-pop agency, dispelling concerns over the band’s continuation after their terms expired in August.

Shares in the Seoul-based artist promoter rose as much as 29% on Wednesday, their biggest intraday jump in more than a decade. YG Plus, its content production affiliate, shot up by the daily limit of 30%. Blackpink plans a new album and a world tour with YG, the agency said in a statement.