South Korean content stocks jump on more sales to China

KidariStudio

09/12/2022 05:24

** South Korean media content and entertainment stocks jump
again as hopes grow for more opening of the Chinese market 
    ** CJ ENM  035760.KQ  rises more than 14% after its TV show
"Hospital Playlist" becomes available for streaming on China's
over-the-top (OTT) platform Bilibili starting Thursday
    ** Keyeast  054780.KQ  jumps over 10% after the media
content production company sells its own TV show to video
platform Youku in China this week
    ** Content producer Kidari Studio  020120.KS  up 15% and
entertainment group HYBE  352820.KS  up 8% on the main bourse 
    ** Another upbeat session since late last month when a
Chinese streaming platform resumed distributing South Korean
content after suspending it for nearly six years, following a
summit between the leaders of the two countries
    ** The broader KOSPI market  .KS11  up 0.45%, junior KOSDAQ
 .KQ11  up 0.94% as of 0504 GMT 
 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com))