BTS management group shares rise after K-pop band clarifies military service

BTS management group shares rise after K-pop band clarifies military service

BTS' announcement that its members would serve mandatory military service in South Korea has sent shockwaves across the world.

Investors in HYBE Co, BTS’ management group, also responded by driving its shares up as much as 7.8 percent on October 18.

According to analysts, members will continue to make profit from their individual activities, content and photobooks.

After their debut in 2013, BTS generated $615.11 million in sales in 2021 alone.

That was about 70% of HYBE’s 1.3 trillion won revenue in the same year.

In 2020, BTS made $511 million in sales out of the company’s $557 million revenue.

Forbes estimated that BTS' annual income in 2020 at $50 million.

The k-pop band has a net worth of $3.6 billion in 2022.