HYBE wrapped its Seoul headquarters with “We Are Again” banners and BTS logos this week, as all seven members of the Ok-pop group are set to finish their obligatory navy service this month.
RM and V have been discharged from the navy on Tuesday (June 10) in Chuncheon Metropolis, South Korea, after becoming a member of in December 2023, based on a number of information shops out of South Korea and abroad.
A photograph of each artists was posted on BTS’s social media shortly after they have been discharged.
BTS’s oldest member, Jin, was discharged in June 2024, whereas J-Hope completed his service in October 2024. In the meantime, Jimin and Jung Kook are reportedly set to finish their service on Wednesday (June 11).
HYBE’s inventory has rallied in current days since information of BTS’s imminent comeback emerged. The corporate’s shares jumped 2% in Seoul on Tuesday to KRW 309,000 ($226), marking a five-day development streak. It additionally marked the very best degree since April 2022. 12 months-to-date, the inventory is up 57%.
The constructing decorations, unveiled Monday and working by June 29, coincide with BTS’s twelfth anniversary celebration on Friday (June 13), based on Korea JoongAng Each day.
After this week, Suga stays the one member nonetheless serving, the report stated. He’s scheduled for discharge on June 21. In the meantime, Jin and J-Hope, who returned to civilian life in 2024, have since launched solo initiatives whereas sustaining restricted public appearances.
Jin just lately launched his second solo album, titled Echo, on Might 16. He partnered with TikTok final month for a marketing campaign introducing a number of in-app experiences on the platform. In November final yr, Jin additionally partnered with the ByteDance-owned platform on a multimedia marketing campaign in assist of his first solo album, Completely happy.
Jimin additionally dropped two albums whereas BTS was in hiatus. He launched Face in March 2023 and Muse in July 2024. Jimin additionally teamed up with TikTok on an in-app hub to advertise Muse final yr.
The seven-member Ok-pop group, HYBE’s largest earner, went on hiatus in 2022 as a consequence of obligatory navy service of their dwelling nation of South Korea.
On the time, the band stated they’d be taking a break to pursue solo initiatives, however added that they may even stay “energetic as a gaggle.”
That announcement rattled traders, and the corporate’s shares fell by round 25% that day, wiping round $1.5 billion from HYBE’s market cap worth within the course of.
Along with being HYBE’s prime income generator, the IFPI stated BTS have been additionally the world’s largest recorded music artists in 2021 and 2020.
With the group’s absence, HYBE’s working revenue dropped 37.5% YoY to KRW 184.82 billion ($135.55 million) in FY 2024, which the corporate attributed to, amongst different components, “BTS‘ short-term break.”
Talking with analysts on the corporate’s earnings name in February, HYBE’s Chief Monetary Officer Kyung-Jun Lee stated, HYBE’s “income combine by artists has modified with the absence of BTS and [the] debut of latest teams.”
On the time, the manager hinted that BTS’s comeback is in sight.
Information of BTS’s return overshadowed the current scandal at HYBE’s workplaces in Seoul, which have been raided by South Korean authorities over per week in the past as a part of an investigation into alleged insider buying and selling by a former government.
Individually, in late Might, it was reported that the South Korean monetary watchdog, the Monetary Supervisory Service (FSS), is ramping up an investigation into HYBE’s Chairman Bang Si-hyuk over allegations surrounding agreements supposedly made with sure traders and personal fairness funds forward of the corporate’s IPO in 2020.
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