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Surges in concerts and merchandise led JYP Entertainment’s revenue to jump 126% to 215.8 billion KRW ($157 million) in the second quarter, the K-pop company announced on Wednesday (Aug. 13).
With operating expenses held in check, operating profit rose 466% to 52.9 billion KRW ($39 million) and net profit skyrocketed more than 2,700% to 36.2 billion KRW ($26 million).
