K-Culture ETFs Surge as Defense and Shipbuilding Stocks Take a Breather
As the shipbuilding and defense industry ETFs that led the stock market in the first half of the year lose momentum, K-culture related ETFs are dominating the top-performing rankings. The global success of the Netflix film K-Pop Demon Hunters and strong second-quarter earnings from major entertainment companies have boosted stock prices significantly.
According to the Korea Exchange, among the top five ETF returns for this month (from the 1st to the 8th), four were K-culture ETFs. TIMEFOLIO K-Culture Active topped the list with a return of 14.84%, followed by ACE KPOP Focus at 13.46%, HANARO Fn K-POP & Media at 12.92%, and TIGER Media Contents at 11.33%. These ETFs invest broadly across K-culture sectors, including K-pop, beauty, and food, with a high concentration in entertainment stocks.
On the same day, entertainment stocks continued their upward trend. YG Entertainment closed at 104,300 KRW, up 11.91%, while SM Entertainment (+5.06%), JYP Entertainment (+4.14%), and YG PLUS (+1.38%) also saw increases. Analysts noted that the K-pop investment sentiment has been reignited, particularly with the renewed spotlight on TWICE, who performed the original soundtrack (OST) for K-Pop Demon Hunters overseas. There are forecasts that the K-pop craze will lead to increased revenues from music, performances, and merchandise, positioning entertainment stocks to lead the market in the latter half of the year. An ETF chief from an asset management firm stated, "As popular groups like TWICE and BLACKPINK continue their performances, the upward trend is expected to persist."
In contrast, defense and shipbuilding stocks, which performed strongly in the first half of the year, have entered a correction phase. Companies like LIG Nex1 and Hanwha are experiencing adjustments in their stock prices after a period of growth.
According to the Korea Exchange, among the top five ETF returns for this month (from the 1st to the 8th), four were K-culture ETFs. TIMEFOLIO K-Culture Active topped the list with a return of 14.84%, followed by ACE KPOP Focus at 13.46%, HANARO Fn K-POP & Media at 12.92%, and TIGER Media Contents at 11.33%. These ETFs invest broadly across K-culture sectors, including K-pop, beauty, and food, with a high concentration in entertainment stocks.
On the same day, entertainment stocks continued their upward trend. YG Entertainment closed at 104,300 KRW, up 11.91%, while SM Entertainment (+5.06%), JYP Entertainment (+4.14%), and YG PLUS (+1.38%) also saw increases. Analysts noted that the K-pop investment sentiment has been reignited, particularly with the renewed spotlight on TWICE, who performed the original soundtrack (OST) for K-Pop Demon Hunters overseas. There are forecasts that the K-pop craze will lead to increased revenues from music, performances, and merchandise, positioning entertainment stocks to lead the market in the latter half of the year. An ETF chief from an asset management firm stated, "As popular groups like TWICE and BLACKPINK continue their performances, the upward trend is expected to persist."
In contrast, defense and shipbuilding stocks, which performed strongly in the first half of the year, have entered a correction phase. Companies like LIG Nex1 and Hanwha are experiencing adjustments in their stock prices after a period of growth.
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