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BTS Agency Stocks Tipped to Come Under Selling Pressure on Institutions’ Sell-offs

BTS Agency Stocks Tipped to Come Under Selling Pressure on Institutions’ Sell-offs

SEOUL, Oct. 18 (Korea Bizwire) — Big Hit Entertainment, the agency of K-pop superstar BTS, may face increased volatility following last week’s rocky stock market debut, as institutional investors are likely to sell part of the company’s stocks. Right after debuting on the country’s main bourse on Thursday, the K-pop entertainment company soared to 351,000 [...]

Massive Cash Floating Around Stock Markets After BTS Agency’s IPO Subscription

Massive Cash Floating Around Stock Markets After BTS Agency’s IPO Subscription

SEOUL, Oct. 13 (Korea Bizwire) — Tens of trillions of won are floating around stock markets after last week’s fierce competition for the subscription of Big Hit Entertainment, the management agency of K-pop superstar BTS, data showed Tuesday. Retail investors, including BTS fans, chipped in 58.4 trillion won (US$50.8 billion) in the agency’s two-day subscription [...]

S. Korea Pushes to Allow Prominent Pop Celebrities to Defer Mandatory Military Service

S. Korea Pushes to Allow Prominent Pop Celebrities to Defer Mandatory Military Service

SEOUL, Oct. 13 (Korea Bizwire) — The government is working on a plan to allow pop culture celebrities credited for contributing to improving the country’s image to postpone their mandatory military service, the military recruitment agency said Tuesday. The plan came amid talk of whether K-pop boy band BTS members should be given such favors [...]