Shares surged 25% in South Korean media giant YG Entertainment after it re-signed Blackpink, arguably the company’s biggest K-pop group.
In September, the label's stock plunged after three of the group's four members said they would not renew their contracts.
After bringing the group's world tour to a close that month, band members Jisoo, Jennie and Lisa were all set to execute deals with other labels instead, according to local reports, following seven years with YE, which operates as music publisher, record label, management company and talent agent.
Today, YG Entertainment said "an exclusive contract for group activities based on strong trust" had been signed, but details were unclear.
For example, individual contracts did not seem to be included, though the agency said its board "has completed a resolution about renewing the contracts with Blackpink's four members".
These contracts are still being negotiated, news agency Yonhap reported.
The renewed deal means YG will continue to manage the mega act's music, concerts and promotional activities.
YG was set up in 1996 by Yang Hyun-suk, a former member of the first-generation K-pop group, Seo Taiji and Boys.