How much money will South Korea lose from BTS military service

How much money will South Korea lose from BTS military service

With BTS announcing they will serve in the South Korean military, the country is expected to lose billions in revenue.

BTS was contributing over $3.6 billion to the South Korean economy every year.

The band also brought one in every 13 tourists who visited South Korea in 2017.

The country generated an estimated $1.1 billion from consumer goods exports like merchandise and cosmetics in a single year.

Analysts also projected that BTS would have contributed $29.4 billion to the South Korean economy between 2014 and 2023.

BTS announced a hiatus in June to focus on solo projects.

It resulted in the shares of its management company, HYBE, shedding a quarter of their value.

BTS has a collective net worth of $3.6 billion in 2022.