Saturday, December 3

Tag: Asia Economy

K-pop ETF creator says Korean content is at an ‘inflection point’
Entertainment

K-pop ETF creator says Korean content is at an ‘inflection point’

K-pop girl group BlackPink performed at The Late Late Show with James Corden airing Thursday, April 18, 2019. (Photo by Terence Patrick/CBS via Getty Images)Cbs Photo Archive | Cbs | Getty ImagesThe creator behind the new exchange-traded fund aimed at converting global fans of Korean content into an investment opportunity is optimistic in his premise. Since its launch on Sept. 1, the KPOP and Korean entertainment ETF has not performed well — recently trading on the New York Stock Exchange Arca at $15.05 — a roughly 23% drop from its debut. That's in line with the overall Kospi index having plummeted more than 20% this year.But Jangwon Lee, chief executive of CT Investments and Contents Technologies and the creator of the ETF, is hopeful about the Korean entertainment industry despite the s...