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☆ K-pop stocks have sold off this year, but Goldman sees a turnaround
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Goldman Sachs, however, expressed optimism for the industry in a March 14 report, saying the K-pop sector is "misunderstood." Nonetheless, Goldman Sachs said it sees a "high potential for valuation re-rating," as companies still continue to deliver multi-year earnings growth. Goldman pointed out that Japan's top talent agency Johnny & Associates has been mired in a major scandal, leading to the industry turning more favorable to K-pop artists. In 2023, Kouhaku Uta Gassen, the largest music show in Japan, invited five K-pop artists and two localized groups produced by K-pop companies. It was the first time the show has featured male K-pop artists since 2011 and the largest number of K-pop groups ever featured in its line up.

Persons: Danielle, Hyein, NewJeans, Gary Miller, Goldman Sachs, Karina, Goldman, Kouhaku Uta Gassen Organizations: Park, Filmmagic, JYP, YG Entertainment, SM Entertainment, Hybe, SM, Johnny, Associates Locations: CHICAGO , ILLINOIS, Chicago , Illinois, Japan, U.S

☆ Asia’s year in review: Who had it good — and who had it bad — in 2023
▼ + stars: | 2023-12-22 | by ( Curtis Chin | Jose B. Collazo | ) www.cnbc.com time to read: +7 min

As 2023 comes to a close, we take a look at the year that was in Asia and the Pacific region. But who had it good and who had it bad in 2023? Bad year: China's property marketWith millions of Chinese citizens still waiting for homes they put down payments on — but might never be built — 2023 was a particularly bad year for China's property market. A newly built property is seen from the air in Hangzhou city, Zhejiang province, China, Dec 15, 2023. Chinese families and individuals who once saw homes as more than somewhere to live but also as investments have reason to fear 2023 won't be the last bad year they face.

Persons: Curtis, Chin, Jose B, —, Vikram, Amit Dave, Narendra Modi, Taylor Swift, Kim Ji, Jennie, Kim Jennie, Roseanne Chae, Lisa, Lalisa, King Charles, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones, Blackpink, Michelle Yeoh, Joe Biden, Xi Jinping, San Francisco —, China Evergrande, Moody's, Asia's Organizations: Asian Development Bank, RiverPeak Group, ISRO —, Indian Space Research, Orbiter, ISRO, Buckingham, Sustainable, COP26, Getty, YG Entertainment, APEC, U.S, International Monetary Fund Locations: U.S, Asia, Turkey, Syria, Maui, Hawaii, Lahaina, Pacific, India, Gujarat Science City, Ahmedabad, Korea, British, LONDON, ENGLAND, Glasgow, London, England, South Korea, Malaysian, New Zealand, Thailand, China, San Francisco, United States, Taiwan, South China, Country, Hangzhou city, Zhejiang province

☆ Blackpink renews group contracts with agency, YG shares spike 29%
▼ + stars: | 2023-12-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

(Photo by Victoria Jones - Pool/Getty Images)Shares of K-pop agency YG Entertainment spiked as much as 29% after the company announced that it has renewed exclusive group contracts with all four members of girl group Blackpink. The stock closed at 48,000 South Korean won ($36.58) per share on Tuesday, near its 2023 low of 47,000 won. But on Wednesday, it surged at the open and hit an intraday high of 61,900 South Korean won per share. This could bring an end to the long running contract saga between the popular K-pop group and the agency. Shares of YG previously plunged each time South Korean media reported that members of the group will not renew with the label.

Persons: Lisa, Lalisa, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones Organizations: COP26, YG Entertainment, South Korean, YG, Munhwa Ilbo Locations: ENGLAND, British, Glasgow, London, England, South Korea, South Korean

☆ Blackpink renews contract with YG Entertainment after previous contracts expired in August
▼ + stars: | 2023-12-06 | by ( Gawon Bae | Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Seoul/Hong Kong CNN —All four members of K-pop supergroup Blackpink have renewed their contracts with label YG Entertainment, according to the label’s regulatory filing published Wednesday. “The board has completed a resolution about renewing the contracts with Blackpink’s four members,” YG Entertainment said in the filing. Since their debut in 2016, Blackpink have become one of the most successful girl groups in the world. In 2019, they became the first female K-Pop group to ever play at Coachella or any other US festival. YG Entertainment’s shares, which had been on the slide since mid September, soared 22% following the announcement.

Persons: – Jennie, Jisoo, Lisa, Rosé, ”, Blackpink, YG Entertainment’s Organizations: Hong Kong CNN, YG Entertainment, ” YG Entertainment, YouTube, Coachella, YG Locations: Seoul, Hong Kong

☆ Blackpink's contract renewal sent YG shares on a wild ride. Why K-pop contracts matter
▼ + stars: | 2023-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)In the oversaturated K-pop music scene, groups come as quickly as they go. Most contract renewals take place without much fanfare — but not for Blackpink, one of the biggest girl groups in the world. When members of the girl group were due to renew their contracts, shares of their label YG Entertainment went on a wild ride. In September, shares of the Kosdaq-listed YG Entertainment plunged on two separate occasions. Shares of YG climbed about 3% on that news.

Persons: Jennie, Jisoo, Lisa, Emma McIntyre Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, Ilbo, YG Locations: INDIO , CALIFORNIA, Indio , California, Korean

☆ YG Entertainment shares climb 3% after Blackpink reportedly agrees to continue as a group
▼ + stars: | 2023-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop agency YG Entertainment climbed over 3% on Monday after South Korean media reported that girl group Blackpink has agreed to continue group activities under the label. According to an exclusive by South Korean outlet Munhwa Ilbo, individual members will not be renewing their exclusive contracts with YG but the group agreed to continue group activities as Blackpink under the label. In the future, they plan to carry out individual activities and come together only for Blackpink activities," according to a Google translation. The report added that two members already signed a contract "agreeing to continue Blackpink's activities," without naming the members. It's the latest development in a long-running contract saga involving the four-member group made up of members Jisoo, Jennie, Rosé, and Lisa.

Persons: Lisa, Jennie, Emma McIntyre, Blackpink, Munhwa Ilbo, Jisoo, Rosé Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Munhwa Ilbo, YG, Munhwa Locations: INDIO , CALIFORNIA, Indio , California

[1/5] G-dragon of K-pop group BIGBANG arrives at a police station to appear for questioning regarding his alleged illegal drug use in Incheon, South Korea, November 6, 2023. REUTERS/Kim Hong-Ji Acquire Licensing RightsINCHEON, South Korea, Nov 6 (Reuters) - The former frontman for the K-pop band BIGBANG, known as G-Dragon, appeared for police questioning on Monday over allegations of illegal drug use, the latest in a string of South Korean artists embroiled in high-profile narcotics cases. Kwon, 35, stood briefly for the media before entering a police station in Incheon where the star of the Oscar-winning film "Parasite", Lee Sun-kyun, was also questioned over the weekend on a separate allegation of illegal drug use. South Korea has tough drug laws, and crimes are typically punishable by at least six months in prison or up to 14 years for repeat offenders and dealers. Social media and foreign travel have made illegal drugs much more accessible, drug rehab advocates say.

Persons: BIGBANG, Kim Hong, Kwon Ji, Yoon Suk Yeol, Kwon, Oscar, Lee Sun, Lee, Choi Seung, Lee Seung, Dogyun Kim, Jimin Jung, Jack Kim, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, YG Entertainment, Social, Thomson Locations: Incheon, South Korea, Rights INCHEON, Korean, Korea, T.O.P

☆ K-pop: Blackpink’s Lisa face suspension on Weibo
▼ + stars: | 2023-11-02 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

On Wednesday afternoon, the Thai star’s verified account @lalalalisa_m was no longer searchable on Weibo, one of China’s most popular social media networks. The suspension of her account comes after Lisa performed five shows at the Crazy Horse Paris in September. Why did she choose the Crazy Horse show?,” one Weibo user wrote. “She was still very high-profile on Weibo after attending the Crazy Horse show,” the user wrote. “I may have also criticized her for the Crazy Horse show.

Persons: Hong Kong CNN —, @lalalalisa_m, Lisa, – Jisoo, Jennie, Rose –, Lady Gaga, Selena Gomez, Lisa –, Lisa’s Organizations: Hong Kong CNN, Weibo Community Management, Horse, CNN, YG Entertainment, Weibo Locations: Hong Kong, Weibo, Paris, Horse Paris, Asia, China

☆ 'I believe in the sector': Investing in K-pop? Bernstein analyst is a fan of this stock
▼ + stars: | 2023-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

His pick is K-pop agency Hybe, which he's given an outperform rating and a target price of 350,000 South Korean won ($258) — or around 44% upside from Tuesday's close. Hybe's roster of artists includes BTS — one of the biggest South Korean boy bands. "I believe in the sector for the long-term growth and the macro trend," Suh told CNBC's " Street Signs " on Monday. Suh highlighted that Netflix announced in April that it would invest $2.5 billion in South Korean media over the next four years. So this is the reason why the global leading enterprise entertainment players companies try to diversify their IP portfolio to run their business more sustainably."

Persons: Bokyung Suh, Bernstein, Suh, CNBC's, Ted Sarandos, Sarandos, Hybe Organizations: South Korean, Kosdaq, SM Entertainment, JYP Entertainment, YG Entertainment, Disney, Netflix, Spotify, Hybe, BTS, Pledis Entertainment Locations: South Korea, Korean

☆ Shares of YG tumble over 13% after report three Blackpink members will not renew contracts
▼ + stars: | 2023-09-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

INDIO, CALIFORNIA - APRIL 22: (L-R) Rosé, Jennie, Jisoo, and Lisa of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. (Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop agency YG Entertainment tumbled 13.28% on Thursday after South Korean media reported that three of the four members of girl group Blackpink will not sign new contracts with the label. South Korean outlet Sports Seoul reported, citing "multiple music industry officials," that members Jisoo, Jennie and Lisa will sign contracts with other labels, while Rosé will renew her contract with YG. Reuters reported that YG said contract talks are ongoing and nothing has been decided. This comes after Thailand-born Lisa allegedly rejected two contract renewal offers from YG last week, with the size of the contract reportedly worth 50 billion South Korean won ($37.6 million).

Persons: Rosé, Jennie, Jisoo, Lisa of BLACKPINK, Emma McIntyre, Lisa Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Sports Seoul, YG, Reuters, South Korean Locations: INDIO , CALIFORNIA, Indio , California, Blackpink, Thailand

☆ Shares of K-pop agency plunge 9% after Blackpink member reportedly rejects contract renewal offer
▼ + stars: | 2023-09-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(L-R) Rosé, Jisoo, Lisa, and Jennie of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. Shares of K-pop agency YG Entertainment tumbled almost 9% on Friday after South Korean media reported that Blackpink member Lisa has rejected a contract renewal offer from the agency. According to South Korean news outlet Star News, the Thailand-born member has rejected two offers from YG, with the size of the contract reportedly worth 50 billion South Korean won ($37.6 million). This follows reports earlier in July that Lisa has "not been able to find an agreement" regarding a contract extension with the agency. At the time, South Korean media outlet Newsen reported that YG responded to queries by saying that contract renewal discussions were underway, but outlet Munhwa Ilbo reported that "it is known that the difference between the two sides is quite large."

Persons: Lisa, Jennie, BLACKPINK, YG Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Star, YG, South Korean, Munhwa Ilbo Locations: Indio , California, South Korean, Thailand, Korean

CNN —Blackpink singer Jisoo is dating actor Ahn Bo-hyun, the stars’ talent agencies said, in a rare departure from the secrecy that typically surrounds celebrity relationships in South Korea. Ahn’s agency FN Entertainment confirmed the relationship to CNN on Thursday after local media reports that the pair had been spotted together in Seoul whipped up excitement among fans. South Korean news agency Yonhap carried a similar statement citing Blackpink’s record label, YG Entertainment. Blackpink – which consists of Jennie, Jisoo, Lisa and Rosé – debuted in 2016 and enjoyed a quick ascent to global stardom. In 2019, they became the first Asian act to headline California-based festival Coachella and last year were named Time magazine’s Entertainer of the Year – becoming only the second K-pop group to receive the title.

Persons: CNN —, Jisoo, Ahn Bo, “, Yonhap, Ahn, Blackpink, Jennie, Lisa, Rosé – Organizations: CNN, FN Entertainment, YG Entertainment, Sun Locations: South Korea, Seoul, Korean, California

☆ 'More than just idols': Behind the scenes with K-pop boyband Treasure
▼ + stars: | 2023-07-24 | by ( Kimberley Kao | ) www.cnbc.com time to read: +1 min

Treasure — the latest boyband out of YG Entertainment — may be quite new to the K-pop scene, but its members already have big dreams. I want each and every member of the group to be an artist of their own," said co-leader Choi Hyun Suk, sharing his vision with The CNBC Conversation. His dream has always been to perform at the U.S. Superbowl halftime show, said the 24-year-old artist, the oldest member of the band. Treasure made its debut in 2020 while Covid-19 was spreading wildly around the world. It started out as a 12-member band but two of them left in November last year, leaving the boy band with just 10 members.

Persons: Choi Hyun Suk, — Choi, Park Jihoon, Yoshinori Kanemoto, Yoshi — Organizations: YG Entertainment, CNBC Locations: Covid

☆ We want to continue to improve and inspire our fans: South Korean boy band Treasure
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want to continue to improve and inspire our fans: South Korean boy band TreasureSouth Korean boy band Treasure speaks to CNBC about the world of K-pop, discussing how it came together and how it works with agency YG Entertainment.

Organizations: CNBC, YG Entertainment

☆ South Korean boy band Treasure explains why it wanted to be under YG Entertainment
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean boy band Treasure explains why it wanted to be under YG EntertainmentTreasure speaks to CNBC about its debut during the Covid-19 pandemic, why it chose to join YG's trainee program, and how members' loved ones reacted to their decision to join the K-pop industry.

Organizations: YG Entertainment, CNBC

☆ K-pop stock falls 7% amid questions over Blackpink member's contract renewal
▼ + stars: | 2023-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop management agency YG Entertainment dropped almost 7% after reports emerged that the contract renewal for a member of girl group Blackpink is in doubt. YG shares traded at 73,900 Korean won at 2.41pm KST. At this level, the stock is at its lowest since May 11, when it closed at 66,700 Korean won apiece. According to an exclusive report by South Korean media outlet Munhwa Ilbo, Thailand-born member Lisa has "not been able to find an agreement" regarding a contract extension with YG Entertainment. Blackpink — made up of members Jisoo, Jennie and Rosé, in addition to Lisa — has been one of YG Entertainment's most successful K-pop groups.

Persons: Jennie, Jisoo, Lisa, Emma McIntyre, —, Rosé, Lisa — Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, YG, 2.41pm, Korean, South, Munhwa, Munhwa Ilbo Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Munhwa Ilbo, Thailand, Korean

☆ Vietnam probes Blackpink concert organiser over South China Sea map
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

HANOI, July 6 (Reuters) - Vietnam has launched an inspection into K-pop group Blackpink's tour organiser's website, ahead of its concert in Hanoi, over criticism from fans that it shows a map of the South China Sea with disputed boundaries. Chinese organiser iME Entertainment and South Korean agency YG Entertainment (122870.KQ), which manages Blackpink, had no immediate comment. The organiser's website was inaccessible on Thursday but a cached version seen by Reuters and last updated on July 4, shows a vague nine-dash line that encompasses nearly the whole South China Sea. Vietnam and China have long had overlapping territorial claims to a potentially energy-rich stretch in the waterway. The culture ministry's move followed complaints by Vietnamese internet users who noticed the nine-dash line on the organiser's website.

Persons: Phuong Nguyen, Khanh Vu, Francesco Guarascio, Hyunsu Yim, Kanupriya Kapoor Organizations: Warner Bros, Vietnam, iME Entertainment, YG Entertainment, Reuters, Facebook, Thomson Locations: HANOI, Vietnam, Hanoi, South, South China, Korean, China, The Hague, Seoul

☆ Shares in K-Pop agencies fall after report of antitrust probe
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

SEOUL, July 5 (Reuters) - Shares in K-Pop management agencies fell on Wednesday, after South Korea's antitrust watchdog began investigations into any potential infractions of subcontracting rules when outsourcing production of albums and merchandise, Yonhap reported. The Korea Fair Trade Commission (KFTC) sent investigators to the offices of HYBE (352820.KS), SM Entertainment (041510.KQ) and YG Entertainment (122870.KQ) on Tuesday, Yonhap news agency reported citing unnamed industry sources. HYBE, SM and YG did not immediately respond to a request for comment. Shares in HYBE, the management agency of K-Pop sensation BTS, fell 2.1% in early morning trade, versus a flat wider market (.KS11). SM Entertainment and YG Entertainment shares also fell 1.5% and 0.4%, respectively, as of 0015 GMT, although YG later reversed losses.

Persons: Yonhap, 1,300.0000, Joyce Lee, Jacqueline Wong Organizations: Korea Fair Trade Commission, SM Entertainment, YG Entertainment, SM, YG, Investment, Securities, Thomson Locations: SEOUL, HYBE

Shares of K-pop agencies dipped briefly on Wednesday after a reported investigation by South Korea's antitrust watchdog. The report said government agencies sent "examiners" to the offices of Hybe, SM Entertainment, YG Entertainment, according to a CNBC translation of the article. Hybe, the agency behind BTS, saw its shares fall as much as 3%, while SM Entertainment fell as low as 2.19%. When contacted by CNBC, South Korea's FTC said they could not confirm or deny the Yonhap report. Hybe said that it has no comments, while YG Entertainment and SM Entertainment did not respond to requests seeking comments to the Yonhap report.

Persons: Lisa, Jennie, Yonhap, Hybe, — CNBC's Kimberly Kao Organizations: Coachella, Valley Music, Arts Festival, Korea's Fair Trade Commission, Yonhap, SM Entertainment, YG Entertainment, CNBC, South, FTC Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Hybe

☆ BTS, one of the biggest celebrity accounts on Twitter, has refused to pay Musk $8 for a blue tick
▼ + stars: | 2023-04-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

K-Pop supergroup BTS — like hundreds of other celebrities — lost its blue checkmark on Twitter. At press time, the band had not paid to restore its blue checkmark under Elon Musk's Twitter Blue. On Thursday, Musk tweeted that he's personally funding some celebrities' Twitter Blue statuses — but did not specifically say whose subscriptions he's paying for. It's unclear who's paying for the Twitter Blue subscriptions on Hybe's and BTS' official accounts. Other K-Pop groups have also refused to give Musk $8 for Twitter Blue.

☆ Blackpink's Jisoo makes solo debut with 'ME'
▼ + stars: | 2023-03-31 | by ( Hyunsu Yim | ) www.reuters.com time to read: +1 min

SEOUL, March 31 (Reuters) - K-pop group Blackpink's Jisoo became the last member to make a solo debut with her EP "ME" released on Friday. Many meetings and a lot of thought went into her first record, she said, before adding that she was not nervous about her solo debut. Rose and Lisa also made their solo debut in 2021. Earlier this month, the K-pop superstars also became the most-streamed female band on streaming app Spotify, according to Guinness World Records. Their songs had a whopping 8,880,030,049 individual streams, overtaking British pop group Little Mix, Guinness World Records said at that time.

☆ Explainer: How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment
▼ + stars: | 2023-03-12 | by ( Hyunsu Yim | ) www.reuters.com time to read: +4 min

For more than two decades, the K-pop industry was dominated by the trio until BTS rose to global fame in recent years, making its agency HYBE the largest music label in the country. It is the second-largest entertainment group in South Korea by market value at $2.8 billion, trailing HYBE, which is worth $5.5 billion. Lee filed an injunction request to block the deal that was approved by a court, and sold a 15% stake in SM to rival agency HYBE, setting up a takeover battle. Kakao, the most popular social media platform in South Korea, is expanding aggressively into the entertainment industry where it already owns a smaller K-pop agency, Starship Entertainment. In January, Kakao Entertainment announced a 1.2 trillion won ($966.27 million) investment from Singapore's GIC and Saudi Arabia's Public Investment Fund, giving it more firepower for the SM bid.

☆ BTS agency HYBE seeks to take over K-pop rival SM Entertainment
▼ + stars: | 2023-02-10 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

REUTERS/Heo Ran/File PhotoSEOUL, Feb 10 (Reuters) - South Korean entertainment company HYBE (352820.KS) said on Friday it will buy shares worth 423 billion won ($335 million) in rival SM Entertainment (041510.KQ), seeking management rights to strengthen its position in the K-pop industry. HYBE is the agency that manages K-pop mega band BTS. HYBE has also tendered an offer on Friday for SM shares held by minority shareholders, seeking to buy up to 25% of the rival agency with the intention of acquiring management rights. HYBE and SM Entertainment shares were up 6% and 16%, respectively, as of 11:05 a.m. (0205 GMT). Earlier this week, South Korean tech firm Kakao Corp (035720.KS) said it would acquire a 9.05% stake in SM Entertainment to pursue joint projects including global K-pop auditions.

☆ K-pop stocks soar after agency behind BTS announced it would become its rival’s top shareholder
▼ + stars: | 2023-02-10 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

South Korean girl group aespa at the 2022 KBS Song Festival at Jamsil Arena on Dec. 16, 2022, in Seoul, South Korea. The K-pop agency behind BTS is set to become the largest shareholder of SM Entertainment — the legacy company known to have kickstarted the wave of popularity around Korean pop culture. That would make Hybe a top shareholder in SM Entertainment. Shares of SM Entertainment soared on Friday, rising more than 16% at the open in Seoul. Hybe rose 6% and JYP Entertainment rose 2.5%, while YG Entertainment gained 3.8%.

"We had such a hard time, and I would rather have more Chinese people come than the government restricting their entry so I can do business." "Tour bus operators who have had their vehicles idly parked for over three years are now gearing up for (bus) inspections," said Thai Tour Bus Association President Wasuchet Sophonsatien. Thailand, Japan, the United States, South Korea, Australia, Macao, Singapore, Hong Kong and Taiwan were the most-searched destinations. Yue Hua Entertainment Korea, which manages Tempest, did not respond to a request for comment. "The pandemic outbreak on the mainland is still vigorous and needs time to recover, while domestic consumption remains weak on the mainland."

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