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South Korean boy band BTS reigns not only in the hearts but also in the world of music with his amazing songs. The septet, which consists of RM, Jin, Suga, J-Hope, Jimin, Taehyung and Jungkook – enjoys a huge fan following around the world. Being South Korean, they have some Compulsory military service to get busy before they turn thirty. There was a lot of discussion about BTS military enlistment. Whether to grant an exception to Members of BTS or to restore the rules and regulations with the appointment of BTS in the army is a topic of debate not only among ARMIES but also in the legislative assembly. The whole issue led to the hesitation of HYBE share prices.
HYBE’s stock has been fluctuating due to BTS’s military enlistment issue
Hollywood news is once again full of BTS talk as the topic of their mandatory military enlistment has resurfaced. HYBE, the talent management company that caters to various artists including BTS, has hit the news due to fluctuations in their stock prices. It has been up and down over the past few months. And a report in Koreaboo states that this is due to the issues surrounding BTS’s military enlistment case. When BTS announced a hiatus in June, HYBE shares fell a whopping 25%. The stock, which reached ₩294,000 KRW, fell to ₩145,000 KRW. HYBE released a statement saying that BTS is not on a full hiatus, but will focus more on solo content.
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BIG HIT’s BTS official shared the poster for the PTD LA OTT release:
Recently, that is, as of September 19, the share price has jumped by 2.27%. The online portal reports that this is due to the online survey conducted recently. It was in regards to Bangtan Boys mandatory recruitment services. The survey was conducted by Realmeter and has more than 1,000 responses. It was held from September 18 to 19, and the majority of those polled were in favor of the possibility of revising the Law on Military Service. It should be noted that months ago there was talk of revising the Military Service Act to help BTS get an exemption.
Will Jin enlist in the army or will BTS get an exemption?
South Korea’s defense minister is said to have shared at a parliamentary meeting in August that the ministry will plan its next course of action for BTS’s military enlistment based on the results of the survey. After that, HYBE stock prices rose by 6.76%. However, after the minister revised his statement, the stock fell again by 8.26%. Recently, when the results were announced with more than 50% of respondents supporting BTS to join the army, HYBE stock fell another 4.18%.
BigHit’s BTS handle shared Proof’s concept photo shoot:
Well, the decisions remain to be made by the parliament regarding Bangtan Boys’ military enlistment. BTS’s oldest member Kim Seokjin, aka Jin, turns 30 this year. There is no confirmation or update on the same yet. Months ago, when asked what he thought about enrolling in military training, Jin said his decision would be the same as the company’s. In other news, Jin recently had a trip to New York. He is rumored to be working on his solo project.
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