Blackpink members renew contract, boosting shares in label YG Entertainment

Last month, Blackpink received honours from Britain's King Charles III for its work in raising awareness about climate change. Photo: Reuters

South Korea's YG Entertainment Inc said on Wednesday that all four members of South Korean K-pop girl group Blackpink have renewed their contracts with the label, sending shares of the company up by nearly a third.

For months, there has been speculation that some members of Blackpink would not renew their contracts with the label, putting pressure on its shares.