Korean boy band Big Bang
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Korean pop firm YG Entertainment rallies on trade debut

South Korea's YG Entertainment has rallied on its first day of trading on the stock exchange with its share price doubling.

Individual investors demanded 561 times the amount of stock offered in the company's initial public offering.

The company manages big names in Korean pop such as South Korean boy band Big Bang, and female group 2NE1.

YG's share sale comes after the success of rival companies S.M. Entertainment and JYP Entertainment.

Lucy Williamson reports.

  • 23 Nov 2011
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