According to media officials, the Fair Trade Commission announced that HYBE’s fair assets had surpassed the standard to be designated as a business group subject to disclosure.
This also makes HYBE the first entertainment company to become a conglomerate due to the increased growth of the cultural industry. According to Yonhap Infomax Corporation, HYBE’s total assets went up 9.8% from last year.
In the case of HYBE, fair assets comprised 16 affiliates, including Weverse Company, Big Hit Music, Pledis Entertainment, and more.
K-Netizens and fans had different opinions about the news.
Netizen comments | theqoo “BTS has done so much…HYBE needs to step it up for BTS.” “Wow..” “Man…” “Wow they made it this big…a conglomerate..this is crazy.” “What’s different about being a conglomerate? What are the pros of it?” Netizen comments | theqoo “Being a conglomerate comes with a lot of regulations…not sure if it’s the best thing.” “SM isn’t a conglomerate…they are just a big entertainment company.” “Will their benefits and pay change with this?” Netizen comments | theqoo “Ticket prices are probably gonna get more expensive…” “Isn’t it good that they are a conglomerate? Why is everyone hating on the news.” “Man the accounting and finance team are gonna have there work cut out for them..” “Wow..BTS is really amazing.”
With fans’ differing opinions on the news, netizens are curious to see how this affects the future of HYBE and its artists.
