[Featured Stock] HYBE Rises Over 4% as Uncertainty Over BTS Military Enlistment Clears Up

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] HYBE's stock price is showing strength in early trading on the 18th. This is interpreted as a result of the resolution of uncertainties surrounding BTS's military service issue.

According to the Korea Exchange on the 18th, as of 9:19 a.m., HYBE's stock price on the KOSPI market is trading at 120,000 KRW, up 4.35% compared to the previous trading day.

On the previous day, HYBE announced through a disclosure that "BTS member Jin (Kim Seok-jin) will apply to cancel his enlistment postponement at the end of this month and will follow the Military Manpower Administration's enlistment procedures thereafter."

With Jin, the eldest member of BTS, leading the way and the other members also expected to enlist in the military consecutively, the securities industry evaluates that the uncertainty over the military service issue, which had been dragging down HYBE's stock price, has been resolved.

HYBE added, "The company and the members hope to resume full-group activities of BTS around 2025."

Choi Min-ha, a researcher at Samsung Securities, analyzed, "The long-standing uncertainty regarding BTS's military enlistment has been resolved. As the uncertainty that caused stock price volatility has been cleared, the results of HYBE's strategies, which had been hidden until now, will act as the key to the stock price."

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