[Featured Stock] HYBE Plunges Over 8% Amid 'BTS Military Service Public Opinion Survey' Conducted

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] Following the news that a public opinion survey on the military service special exemption for the group BTS (Bangtan Sonyeondan) will be conducted, HYBE, which had risen the previous day, plummeted by more than 8% on the 1st.

As of 1:55 PM on the day, HYBE was trading at 166,500 KRW, down 8.26% (15,000 KRW) from the previous day.

HYBE appears to be showing a downward trend due to short-term profit-taking after the sharp rise the previous day.

At the National Defense Committee full meeting in the National Assembly the day before, Defense Minister Lee Jong-seop explained in response to a question from Seol Hoon, a member of the Democratic Party of Korea urging a swift decision on BTS's military service issue, "I instructed to set a deadline and make a conclusion, and to conduct the public opinion survey quickly."

The minister also said, "Regarding the BTS (military service) issue, we will carefully make a decision by synthesizing the opinions of various lawmakers and considering national interests from multiple perspectives, but we will decide as quickly as possible."

This content was produced with the assistance of AI translation services.