After losing 1.7 billion, BTS said they were misunderstood

Members of a popular South Korean band the other day BTS they talked about the fact that they would rest from working together.

Celebrities stressed that each of them should try solo work to improve the sound of the whole team. The musicians said they would not say goodbye to the fans forever.

It is true that the artists did not give any hints when the gathering will take place.

Shortly after the BTS announcement went viral, the share price of their record label Hybe fell to $ 112, down nearly 34%.

This reduced the company’s market capitalization by $ 1.7 billion. In addition, experts believe that such uncertainty about future BTS concerts will reduce the label’s revenue by a quarter.

Naturally, all these events made the members of the group make an official statement. The musicians stressed that fans and journalists misinterpreted their words.

“Our statement was simply incorrectly translated,” the celebrities said. However, TMZ journalists insist that this is not a misunderstanding at all.

According to reporters, the record company has persuaded the performers to continue their concerts and tours so as not to lose their income.

At the same time, musicians will still have the opportunity and time to work on their own projects.

In a previous post, “Obviously, they are not on vacation, but it will take time to find some solo projects and be active in various different formats,” the statement said.

BTS launched in June 2013 and has become a global sensation with its inspiring achievements and social campaigns to empower young people. The band released their new album “Proof” on Friday.

Last year, BTS became the first Asian band to win the American Music Awards. The group met with US President Joe Biden at the White House in May to discuss hate crimes against Asians.

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