[Featured Stock] HYBE Rises Over 6% Amid Expectations for BTS Military Service Exemption

▲Group BTS under HYBE [Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The stock price of HYBE, the agency of BTS, is showing strength in early trading on the 19th. This follows a public opinion poll indicating that more than 60% of the population supports the conversion of alternative military service for popular culture artists who have enhanced national prestige.

As of 9:43 a.m. on the day, HYBE is trading at 159,500 KRW on the KOSPI market, up 3.57% compared to the previous trading day.

During the session, HYBE's stock price rose as much as 6.49% to 164,000 KRW before giving up some of the gains.

According to a survey conducted by Realmeter on behalf of the National Assembly's National Defense Committee from the 14th to 15th, targeting 1,018 adults aged 18 and over nationwide, 60.9% supported and 34.3% opposed the revision of the Military Service Act to include popular culture artists like BTS, who have contributed to national prestige, as arts and sports personnel.

Among respondents opposing the conversion to alternative service, 58.7% supported and 37.7% opposed a plan to allow enlistment in the military while guaranteeing performances for public interest.

HYBE's stock price had previously risen more than 6% at the end of last month following news that the Ministry of National Defense would conduct a public opinion survey related to BTS's military service special case.

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