BTS suspends group activities, HYBE stock plummets without stopping

Many people couldn't help but be confused when BTS announced to suspend group activities for a short time. Accordingly, the members will focus on solo projects to improve themselves.

June is an extremely busy month for BTS. Not only did it mark the release of the new album Proof, but the members also celebrated the group's 9th anniversary.

On June 14, during BTS Festa 2022, the annual event celebrating the group's debut, 7 BTS boys appeared in a video longer than 1 hour and made an important announcement about the group's future.

Suga announced that the group is about to suspend activities. RM shared about the difficulties in maintaining the group's identity in recent years, all of which have changed so much after the group released the songs Butter, Permission to Dance. RM said it's unclear what kind of group BTS is and shared about the busy life of being an idol.

"There's really been no time for me to mature, both in terms of skills and as a normal person. I was very different from myself 10 years ago and I need time to think and be myself... But all along. In the past 10 years as a member of BTS, in the midst of busy schedules together, I couldn't grow. I didn't have time to think. I was forced to know what kind of person I want to be, BTS will what the group is like and why I'm here, what the other members mean to me and the path I want to take in the future I always have this thought in mind even when I give interviews consulting, writing lyrics," said leader RM.

Jimin continued, "We started thinking about how each of us wanted to be an artist to be remembered by our fans. So this is a rather difficult period for us. BTS has entered a phase. new - where we are trying to find our own identity".

Suga shared that he is struggling to find inspiration every time he writes a new song. "The hardest thing is writing the lyrics. I can't think of anything I want to say while I have to write down what I feel and want to say. But right now I feel like it's forced. tie".

RM added that he feels he needs time to develop his solo career. "Before, I was able to balance my solo music activities as well as group activities, but now I can't do two things at the same time. I can't do group activities and change everything to practice. personal matters. I realized I really needed time for myself." Jin expressed his opinion, "Working with the group for too long, I started to feel like I became a machine. I also have my own hobbies and many things I want to do for myself."

RM confided, "When people hear the group's name, they'll say Oh BTS. But honestly, they don't really know each member of the group well. Since we're singers, I think that's the biggest impact on the group. we are expressing who we are through our music and performance, so from now on we will release solo albums instead of singing together." J-Hope also agrees with this view. "I think we need some time apart to learn how to get back together. This time is really important so I hope you guys don't look at it negatively."

However, Suga emphasized that this is not BTS's disbandment statement. BTS just temporarily stopped working as a group to focus on solo careers and individual lives of each member. In the immediate future, the group will perform the new song Yet to Come (The Most Beautiful Moment) in some music shows.

After it was announced that BTS will temporarily suspend group activities and promote solo activities in the near future, HYBE's stock price has plummeted.

As of the morning of June 15, HYBE shares are trading at 168,000 KRW (12.95%) from the previous day's closing price. However, after that, the stock continued to plunge to 27.45% this morning, recording a new record low of 140,000 KRW. Currently, investors are starting to sell, predicting that the price will continue to fall deeply.

It is known that the sudden drop of HYBE's stock means that the total value of the company has decreased by more than 2 trillion KRW. The reason for this drop may be because investors are worried about the future of BTS and the group.

Previously, BTS announced on channel "BANGTANTV" about suspending group activities and promoting individual activities in the near future. In this regard, BigHit Music denied BTS's cessation of group activities and said, "BTS will start a new chapter combining group and individual activities. This is the time for each member to be able to participate. grow through different activities and help nurture a long-term group in the future. We will continue to support the group as much as we can."

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