<p>Seoul: 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.</p>.<p>For months, there has been speculation that some members of BLACKPINK would not renew their contracts with the label, putting pressure on its shares.</p>.<p>"With strong trust, we signed an exclusive contract for group activities after having serious discussions with BLACKPINK," YG Entertainment said in a statement.</p>.<p>The label was still in talks with the group regarding an exclusive contract for solo activities, a YG Entertainment official told <em>Reuters</em>.</p>.How 'Barbie' and Blackpink figure in a dangerous territorial dispute.<p>YG Entertainment's shares rose as much as 29 per cent to 61,900 won ($47.16), trading at a more than a three-week high after the announcement.</p>.<p>Shares in other major South Korean entertainment labels also rallied - HYBE Co, the label behind K-Pop group BTS, jumped 7.3 per cent, JYP Entertainment Corp rose 5.7 per cent, and SM Entertainment was up 5.2 per cent in morning trade.</p>.<p>BLACKPINK set a Guinness record earlier this year for having the most-viewed music channel on YouTube, which now boasts over 90 million subscribers.</p>.<p>Last month, BLACKPINK received honours from Britain's King Charles III for their work in raising awareness about climate change.</p>.<p>The group embarked on a worldwide Born Pink World Tour in October last year which came to a close in september, performing more than 60 shows across the world.</p>.<p><em>($1 = 1,312.5300 won)</em> </p>
<p>Seoul: 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.</p>.<p>For months, there has been speculation that some members of BLACKPINK would not renew their contracts with the label, putting pressure on its shares.</p>.<p>"With strong trust, we signed an exclusive contract for group activities after having serious discussions with BLACKPINK," YG Entertainment said in a statement.</p>.<p>The label was still in talks with the group regarding an exclusive contract for solo activities, a YG Entertainment official told <em>Reuters</em>.</p>.How 'Barbie' and Blackpink figure in a dangerous territorial dispute.<p>YG Entertainment's shares rose as much as 29 per cent to 61,900 won ($47.16), trading at a more than a three-week high after the announcement.</p>.<p>Shares in other major South Korean entertainment labels also rallied - HYBE Co, the label behind K-Pop group BTS, jumped 7.3 per cent, JYP Entertainment Corp rose 5.7 per cent, and SM Entertainment was up 5.2 per cent in morning trade.</p>.<p>BLACKPINK set a Guinness record earlier this year for having the most-viewed music channel on YouTube, which now boasts over 90 million subscribers.</p>.<p>Last month, BLACKPINK received honours from Britain's King Charles III for their work in raising awareness about climate change.</p>.<p>The group embarked on a worldwide Born Pink World Tour in October last year which came to a close in september, performing more than 60 shows across the world.</p>.<p><em>($1 = 1,312.5300 won)</em> </p>