Announced the result of comparing the 4 major performing arts offices in Korea.

● BigHit Entertainment: Operating profit and corporate value are rapidly increasing due to BTS activities. Because military enlistment will begin next year, the availability of listing will be decided by the activity results of TXT.

● SM Entertainment: EXO's military enlistment has begun, but it is hoped that the units and solo activities of non-entrant members. The success of TVXQ in Japan can be expected this year as well. With the loss of several members, SNSD (Girls' Generation) will be a test stone for the future SM. We are constructing stable liners such as RED VELVET and NCT. Debut Possibility of Rookie Girls Group. The risk is the confrontation structure between management and the new major shareholder.

● JYP Entertainment: The activity of GOT7 and the prolific system of TWICE are supporting the growth of the company in stabilization. I'm also looking forward to the activities of the new Stray Kids and ITZY. We can expect stable operation from now on.

● YG Entertainment: It is necessary to watch the comeback result of BIGBANG and iKON by the withdrawal of the members involved in the case. WINNER has stable activities, and BLACKPINK's overseas activities are well. However, attention is focused on whether the change in the management system is a risk due to the retirement of the founder, and it is possible to realize the improvement of the results for the next fiscal year.