Highlights

  • BTS to focus on solo projects
  • Hybe shares fell 27%

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BTS 'break' costs billions on the stock market

Hybe stock is down nearly 60% so far this year.

BTS 'break' costs billions on the stock market

Shares of Hybe Co., the agency that manages the South Korean pop band BTS, plunged by a record 27 percent after the band said they’ll focus on individual projects for a little while.

Hybe headed for its lowest close on record since its trading debut in October 2020. The stock is down nearly 60% so far this year.

Members of the Bangtan Boys group, commonly called BTS, made the announcement in a video posted on YouTube. The singers said the time apart would be healthy for the band and urged fans not to view the development as negative.

Frequently Asked Questions

The significant drop in Hybe Co.'s stock was caused by the announcement from BTS that they would focus on individual projects for a while.

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