According to Yonhap Infomax, JYP Entertainment shares jumped 16.54% to 45,100 Korean won on November 13 after the company released better-than-expected third-quarter results. Q3 revenue climbed 15% year-over-year to 267.5 billion won, while operating profit rose 17.6% to 48 billion won, driven by record music album sales from the group Stray Kids in Western markets and a 46.7% surge in merchandise sales.

The stock gains also followed disclosure that U.S. activist fund Myriad Capital Strategic Emerging Markets Fund acquired 2.24 million shares (6.31% stake) worth approximately 87.8 billion won. Myriad accelerated purchases between November 4 and 9, adding 19.3 billion won in holdings to increase its position from 4.95% to 6.31%—roughly 40% of the founder's stake.

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