BTS members sell $8M of HYBE shares before a hiatus

[Teletubby 150,046]

Three members of K-pop group BTS have sold some of their shareholdings in Hybe Corporation, the management company that launched them, netting them a combined $8.4 million.

The Bloomberg financial news agency reported that Jin, J-Hope, and RM sold close to 32,000 shares in Hybe, previously known as Big Hit Entertainment.

Bloomberg said that the band is trying to maximize its income before a hiatus when its members have to sign up for Korea’s mandatory military service.

The law was recently revised, allowing longer deferments for prominent talent. But the oldest member Jin (real name Kim Seok-jin) is unlikely to be able to delay his conscription before the end of 2022.

source

[LOVEDRUG 10,727]

the shock to hybe is gonna be big when they do enlist. bts is still 90% of their income. they'll go from one of the two biggest entertainment companies in korea to being yet another mid-tier company like they were before.

[Meat 18,962]

When are they going to join the military and for how long?

[alsemanche 93,886]

PLS i thought they sold one of the members for $8m i was so confused 

[Teletubby 150,046]

6 minutes ago, Meat said:

When are they going to join the military and for how long?

this article says the oldest member should join in 2022. Mandatory military service in South Korean is 18-22 months.

[RAMROD 109,691]

Well, they certainly know they need to at least have munnies to fall back to, cos after those military mandate over, they will no longer be relevant.
It always happens to every K-Pop Boybands and South Korean actors, non matter how famous you are. During those 2-3 years of service, people and the press will have moved on. That is how BTS can becomes who they are now anyway, cos the current leaders at the time, such as BIGBANG have their majority of their members in military service. BTS fills the gap that BIGBANG left behind.

[pachinko 10,413]

8 minutes ago, Teletubby said:

this article says the oldest member should join in 2022. Mandatory military service in South Korean is 18-22 months.

Is it mandatory only for men? 

[LOVEDRUG 10,727]

9 minutes ago, pachinko said:

Is it mandatory only for men? 

yes.

[RAMROD 109,691]

10 minutes ago, pachinko said:

Is it mandatory only for men? 

Able bodied and mind male citizens between the ages of 18 and 28.
But in general, military service in countries that have it, are only mandatory for men.

[moonsago 7,285]

1 hour ago, Melancholia said:

the shock to hybe is gonna be big when they do enlist. bts is still 90% of their income. they'll go from one of the two biggest entertainment companies in korea to being yet another mid-tier company like they were before.

I doubt. Their previous albums still sell like crazy even nowadays and I am sure bighit will find a way to make money off of them. I also think in a way it’s going to be a good chance for their other groups to finally be pushed more. Aren’t they also debuting a girl group finally?