The story of a male fan of IU who only brought LOEN Entertainment stocks 10 years ago to support IU has gone viral in online communities.
The post includes a screenshot of the 4 shares he has in Kakao M, and considering its current price of 260,500 won (~$215 USD) per share, the IU fan currently owns around nearly $1000 USD in shares.
But it wasn’t Kakao M stocks that the fan bought, but rather LOEN Entertainment stocks 10 years back in 2010.
At the time, 5 LOEN Entertainment stocks cost around 30,000 won (~$25 USD) and he loved IU so much during her “Good Day” days that he wanted to know the feeling of being a shareholder of her company.
And thanks to IU’s crazy success, LOEN Entertainment saw a consistent rise and later became a subsidiary of Kakao M in 2016.
Due to the stock price difference, 5 LOEN Entertainment stocks turned into 4 Kakao M stocks and although it maintained a consistent price of around 100,000 won (~$83,000 USD) per share for a while, it jumped to 260,000 won(~$215 USD) per share this year.
As a result, the 30,000 won(~$25 USD) that the IU invested 10 years ago turned into 1 million won (~$826 USD), which is around 3000% in earnings.
In the post the IU fan expressed,
The stocks that I bought for 30,000 won 10 years ago turned into 1 million won. If I had a time machine, I’d go back in time to 2010 and buy 1 million won worth of LOEN stocks.
– IU Fan
Whatever his profit might be, the IU fan was surely rewarded for showing his support for his favorite idol!
Now that’s what you call a true fan.