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Big Hit Reveals Jin’s Recruitment May Be Delayed Until the End of 2021 + BTS members received shares in the company

Big Hit Reveals Jin's Recruitment May Be Delayed Until the End of 2021 + BTS members received shares in the company


Big Hit Entertainment’s statement of registration for the IPO was announced through the online data analysis, retrieval and transmission system provided by the Financial Regulator.

The document contains statements about the BTS Conscription of the members as well as the number of shares they own in the company.

On a page listing the risks of investing in the company, Big Hit stated, “BTS is made up of members born between 1992 and 1997 who are required to enroll as active soldiers. It has been estimated that the eldest member, Kim Seok Jin (Jin), will be able to postpone his hiring until the end of 2021 due to the Military Service Act. “

The statement went on to say: “In order to prepare for the risk of artists ceasing their activities due to military action, illness or accidents, the company is increasing the ratio of revenues from products that do not require direct artist participation, such as . B. Goods as well as licensed and video content. In order to minimize the risk of a drop in sales due to the looming disruption of our core artists from issues such as military drafting, we are examining a variety of business options such as pre-produced albums and video content, as well as flexible operation of artists who are able to promote. “

The registration statement also indicated that Bang Si Hyuk, the largest shareholder, gave 68,385 shares each to the seven BTS members. If the public offering price is set at the maximum of 135,000 won (approximately $ 114) required by Big Hit, each member will own shares totaling 9.23 billion won (approximately $ 7.78 million).

Big Hit Entertainment stated that the purpose of giving stock to members is to “strengthen their long-term relationships with core artists and increase morale by sharing the results of the company’s growth”.

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