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.

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

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

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

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

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

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

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

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