About 6 months ago, it was suspected that the enlistment of BTS members would leave a big gap in HYBE's revenue as well as the group's reputation. But it seems that, at the moment, it's the K-pop groups and companies other than BTS and HYBE who should be worried.
BTS members completely show their strong solo activities that fills the hole for the period of group hiatus. Most especially, with his recent outstanding performance, Jimin also made HYBE's stock constantly increase in the latest trading sessions.
Even this morning, HYBE saw a huge increase in stock value after the achievements of Jimin and Like Crazy on the Billboard Hot 100:
It's well known to K-pop fans or stock market researchers just how important BTS is to HYBE's stock value. BTS seems to be the mainstay, deciding their value to rise or fall sharply.
For example, HYBE's stock once fell by 25%, losing a market capitalization of 2 trillion KRW (about 1.44 billion USD) overnight after BTS announced the suspension of their group activity. But just thanks to the BTS members, it can quickly make up for the loss that was less than a year ago.
Not only that, BTS has always accounted for about 60-70% of HYBE's revenue throughout the years since its debut. In addition to the direct impact on the HYBE group, every change of BTS even affects the economy as well as the Kpop world in general.
Most specifically, recently K-media simultaneously reported that stocks in the Kpop field are increasing in price during the day after the good news from the success of Jimin and Like Crazy on the Billboard 100 chart. Especially in it, HYBE witnessed a strong increase in stock value and it did not stop increasing every minute in this morning's trading session.
At 10:30 AM(KST). on April 6, HYBE stock was trading at 210,500 won on the KOSPI market, up 10.38% (19,800 won) from the previous day. Other domestic entertainment stocks also tended to increase during the day thanks to the positive signal that Jimin brought. In the KOSDAQ market, the share prices of entertainment stocks such as YG Entertainment (4.59%), SM (4.16%), JYP Entertainment (2.59%) and Cube (2.52%) also rebound slightly.
The fact that Jimin ranked No.1 on the prestigious US Billboard Hot 100 chart after a long time this achievement was left open by BTS has been a warm breeze blowing through the K-pop industry. This seems to stimulate buying sentiment for the entire entertainment industry and that's why the stock exchange witnessed a positive signal.
Jimin's 'Like Crazy' rose to #1 on Billboard's 100 Songs of the Week, announced on Twitter on the 4th of this month. In particular, it also topped all songs written or performed by global pop stars such as Taylor Swift, Ariana Grande.
Jimin, who became the first K-pop solo singer to top the main chart in Billboard's 65-year history. Along with that, he became the only K-pop artist to achieve this title both in solo activities and in group activities (BTS). Even CNN then had to put Jimin's name on their newsletter saying "BTS Jimin is writing Billboard history" with the title, "Jimin is the first ḳöŕệän solo singer to top the 'Hot 100' chart." ".
It shows how successful his solo is and continues the resounding victories for BTS in the new decade. Currently, ARMYs are proud of what Jimin has shown:
- That's the power and impact of our iconic History Maker Park Jimin
- I am ARMY, thank you all for your love and kindness towards JIMIN. The better JIMIN's achievements and fame, the more hostility and jealousy. JIMIN is kind, sincere, hardworking, and talented, which is why I always like and support him.
- and they decided to give his debut album 2 weeks
- d@mn... jimins impact
- Yall better keep streaming and buying like crazy
- REAL IMPACT!!! Let go stream, buy n vote yall!!!
- Jimin already made history and will continue in doing so. Nobody can take that away from him no matter what haters say. As a Jimin fan, I'm just so proud of our baby. His name already made a mark together with those top artists of the world. His solo work! His impact! BR king!
- Imagine when they comeback as a full group... It will be mαssive
- Jimins impact and power>>>
- WOW. JIMIN'S POWER & IMPACT - LIKE CRAZY!
