BTS - One of the World's Most Popular Bands - Is Taking a Break: Here's Why
Popular Korean pop group BTS announced they were going on hiatus on Monday, a move that came as a bit of a surprise and will likely have some fans saying "Life Goes On," like the band. hit song.
What happened: K-pop group BTS saw their management agency Hybe Co. go public in 2020 and the company could now face a setback. BTS announced on Monday that its members are applying for military service in South Korea.
"BTS members are currently moving forward with plans to complete their military service. Group member Jin will initiate the process as soon as his schedule for his solo release ends. October,” Bighit Music said, as reported by Variety.
Other members of the group will also follow a plan to complete mandatory military service for the country.
The group will be inactive for several years due to commitment.
"The company and members of BTS are looking forward to reuniting as a group again around 2025 following their service commitment," Bighit Music said.
Related Link: Management Agency BTS Hybe Shares Drop Below IPO Price for the First Time
Why it matters: The move to full military service follows several solo projects by the band and will now leave fans waiting until 2025 for the band to get back together.
Walt Disney Co DIS has announced a collaboration to distribute BTS titles globally. The group has also partnered with McDonald's Corp MCD and other brands to help attract an international audience to business.
"'Yet to Come (The Most Beautiful Moment)'" is more than just a track from their latest album, it's a promise, there's still a lot more to come in the years coming from BTS,” Bighit said.
As Variety reports, requiring all men under the age of 30 to perform military service has been a bit controversial, with athletes and classical musicians being able to be excused for a outstanding service to the country. Pop artists have generally been unapologetic.
K-pop music has gained worldwide popularity thanks in large part to the success of BTS. A K-pop themed ETF was recently launched called Exchange Traded Concepts Trust KPOP and Korean Entertainment ETF KPOP. Hybe Co. is the fifth largest holding in the ETF with 9% of assets.
Photo: Silvia Elizabeth Pangaro via Shutterstock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Popular Korean pop group BTS announced they were going on hiatus on Monday, a move that came as a bit of a surprise and will likely have some fans saying "Life Goes On," like the band. hit song.
What happened: K-pop group BTS saw their management agency Hybe Co. go public in 2020 and the company could now face a setback. BTS announced on Monday that its members are applying for military service in South Korea.
"BTS members are currently moving forward with plans to complete their military service. Group member Jin will initiate the process as soon as his schedule for his solo release ends. October,” Bighit Music said, as reported by Variety.
Other members of the group will also follow a plan to complete mandatory military service for the country.
The group will be inactive for several years due to commitment.
"The company and members of BTS are looking forward to reuniting as a group again around 2025 following their service commitment," Bighit Music said.
Related Link: Management Agency BTS Hybe Shares Drop Below IPO Price for the First Time
Why it matters: The move to full military service follows several solo projects by the band and will now leave fans waiting until 2025 for the band to get back together.
Walt Disney Co DIS has announced a collaboration to distribute BTS titles globally. The group has also partnered with McDonald's Corp MCD and other brands to help attract an international audience to business.
"'Yet to Come (The Most Beautiful Moment)'" is more than just a track from their latest album, it's a promise, there's still a lot more to come in the years coming from BTS,” Bighit said.
As Variety reports, requiring all men under the age of 30 to perform military service has been a bit controversial, with athletes and classical musicians being able to be excused for a outstanding service to the country. Pop artists have generally been unapologetic.
K-pop music has gained worldwide popularity thanks in large part to the success of BTS. A K-pop themed ETF was recently launched called Exchange Traded Concepts Trust KPOP and Korean Entertainment ETF KPOP. Hybe Co. is the fifth largest holding in the ETF with 9% of assets.
Photo: Silvia Elizabeth Pangaro via Shutterstock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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