BTS members sell off HYBE LABELS stocks: Bang Si Hyuk lets go of 6.65 percent

Reportedly, all seven members of BTS—RM, Jin, SUGA, J-Hope, Jimin, V, and Jungkook have sold their entire HYBE Labels stocks. Additionally, Bang Si Hyuk has reportedly offloaded 6.65% of his shares.

According to an exclusive report from a media outlet on November 17 KST, all seven of the BTS members RM, Jin, SUGA, J-Hope, Jimin, V, and Jungkook have reportedly made the decision to sell all of their HYBE Labels stocks. Along with them, founder of HYBE Bang Si Hyuk has also reportedly let go of 6.65 percent of his shares.

All seven BTS members and Bang Si Hyuk have reportedly sold their agency HYBE’s stocks. Information on stock exchanges in South Korea can be accessed through DART (Data Analysis, Retrieval, and Transfer System). A DART report disclosed on November 14 KST indicates that all seven BTS members placed their HYBE Labels stocks on the market in September of this year.

The reported selling amounts, calculated based on the closing price on September 20 (243,000 KRW), are approximately as follows: eldest member Jin sold approximately 12.7 billion KRW (52,385 shares), member J-Hope sold approximately 15.3 billion KRW (62,784 shares), leader RM sold approximately 14.1 billion KRW (58,000 shares), SUGA sold approximately 16.6 billion KRW (68,385 shares), Jimin sold approximately 16.6 billion KRW (68,385 shares), V sold approximately 16.6 billion KRW (68,385 shares), and the maknae Jungkook sold approximately 16.6 billion KRW (68,385 shares).

Additionally, as per a shareholder report on stocks and other securities disclosed by HYBE on November 14, the label’s chairman and founder Bang Si Hyuk, opted to reduce his ownership stake from 24,322,584 shares (58.07%) to 21,429,024 shares (51.42%), marking a decrease of 2,893,560 shares (6.65%).

As of now, HYBE Labels has not commented on the report.

BTS’ Jin, J-Hope and SUGA are currently under mandatory military service. RM, Jimin, V and Jungkook have released their solo works and are focusing on their upcoming projects.

JoyNews24, a prominent media outlet, celebrated its 19th anniversary and conducted its annual study to identify the most influential figures in the Korean entertainment industry. Despite three BTS members fulfilling mandatory military services and the others pursuing solo careers, the group secured the top spot on the 2023 Entertainment Power People list with a total of 35 votes.

In the previous year, they were second only to Lee Jung Jae, known for his success with Squid Game. This achievement underscores BTS’s enduring influence, highlighting their continued impact even when not actively promoting as a group.

The latest member to release a solo album is BTS’ Jungkook who released GOLDEN. GOLDEN has been making and breaking multiple records showing the member’s influence all around the world.

Related Posts

𝐓𝐞𝐫𝐞 𝐍𝐚𝐚𝐦 𝟐 (𝟐𝟎𝟐𝟒) | 𝐅𝐢𝐧𝐚𝐥 𝐓𝐞𝐚𝐬𝐞𝐫 𝐓𝐫𝐚𝐢𝐥𝐞𝐫 | 𝐒𝐚𝐥𝐦𝐚𝐧 𝐊𝐡𝐚𝐧, 𝐁𝐡𝐮𝐦𝐢𝐤𝐚 𝐂𝐡𝐚𝐰𝐥𝐚

“𝑇𝑒𝑟𝑒 𝑁𝑎𝑎𝑚 2” 𝑒𝑚𝑏𝑎𝑟𝑘𝑠 𝑜𝑛 𝑎 𝑝𝑜𝑖𝑔𝑛𝑎𝑛𝑡 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑓𝑜𝑙𝑙𝑜𝑤𝑖𝑛𝑔 𝑅𝑎𝑑ℎ𝑒, 𝑎 𝑑𝑒𝑒𝑝𝑙𝑦 𝑠𝑒𝑛𝑠𝑖𝑡𝑖𝑣𝑒 𝑦𝑜𝑢𝑛𝑔 𝑚𝑎𝑛 ℎ𝑎𝑢𝑛𝑡𝑒𝑑 𝑏𝑦 ℎ𝑖𝑠 𝑡𝑟𝑎𝑢𝑚𝑎𝑡𝑖𝑐 𝑝𝑎𝑠𝑡. 𝐹𝑜𝑙𝑙𝑜𝑤𝑖𝑛𝑔 𝑡ℎ𝑒 ℎ𝑒𝑎𝑟𝑡𝑏𝑟𝑒𝑎𝑘𝑖𝑛𝑔 𝑙𝑜𝑠𝑠 𝑜𝑓 ℎ𝑖𝑠 𝑓𝑖𝑟𝑠𝑡…

𝐁𝐚𝐚𝐳𝐢𝐠𝐚𝐫 𝟐 : 𝐓𝐫𝐚𝐢𝐥𝐞𝐫 (𝟐𝟎𝟐𝟒) | 𝐒𝐡𝐚𝐡 𝐑𝐮𝐤𝐡 𝐊𝐡𝐚𝐧, 𝐀𝐫𝐲𝐚𝐧 𝐊𝐡𝐚𝐧

“𝐵𝑎𝑎𝑧𝑖𝑔𝑎𝑟 2” 𝑝𝑖𝑐𝑘𝑠 𝑢𝑝 𝑤ℎ𝑒𝑟𝑒 𝑡ℎ𝑒 𝑓𝑖𝑟𝑠𝑡 𝑖𝑛𝑠𝑡𝑎𝑙𝑙𝑚𝑒𝑛𝑡 𝑙𝑒𝑓𝑡 𝑜𝑓𝑓, 𝑡𝑎𝑘𝑖𝑛𝑔 𝑣𝑖𝑒𝑤𝑒𝑟𝑠 𝑑𝑒𝑒𝑝𝑒𝑟 𝑖𝑛𝑡𝑜 𝑡ℎ𝑒 𝑙𝑖𝑓𝑒 𝑜𝑓 𝑉𝑖𝑘𝑟𝑎𝑚—𝑎 𝑐ℎ𝑎𝑟𝑎𝑐𝑡𝑒𝑟 𝑠ℎ𝑟𝑜𝑢𝑑𝑒𝑑 𝑖𝑛 𝑐𝑜𝑚𝑝𝑙𝑒𝑥𝑖𝑡𝑦 𝑎𝑛𝑑 𝑚𝑦𝑠𝑡𝑒𝑟𝑦. 𝐹𝑜𝑙𝑙𝑜𝑤𝑖𝑛𝑔 𝑡ℎ𝑒 ℎ𝑒𝑎𝑟𝑡𝑏𝑟𝑒𝑎𝑘𝑖𝑛𝑔…

Bade Baap | KGF Chapter 2 | Rocking Star Yash

“Bade Baap | KGF Chapter 2” carries forward the enthralling saga of Rocky, who has transformed from a humble boy to a formidable crime lord in KGF….

DRACULA UNTOLD 2 (2024) With Luke Evans & Charles Dance

  Dracula Untold 2 is American action horror film. The plot creates an origin story for the titular character, rather than using the storyline of Bram Stoker’s…

STRANGER THINGS Season 5 Teaser (2024) With Millie Bobby Brown & Noah Schnapp

Stranger Things is an American science fiction horror web television series created by the Duffer Brothers and released on Netflix. The siblings also serve as executive producers…

Abigail | Official Trailer

Children can be such monsters. After a group of would-be criminals kidnap the 12-year-old ballerina daughter of a powerful underworld figure, all they have to do to…