Recent reports have sent shockwaves through the K-pop industry as all seven members of BTS reportedly sold their entire stock holdings in HYBE Labels.

This unexpected move has sparked a flurry of speculation and questions about what this might signify for both the renowned band and HYBE.

BTS Members Jin, J-Hope, RM, SUGA, Jimin, V, and Jungkook Sell Shares in HYBE Labels

According to a K-media outlet's report on November 17 KST, the global sensation BTS decided to divest their entire ownership of HYBE Labels stocks.

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The disclosure came to light through South Korea's stock exchange information system, DART (Data Analysis, Retrieval and Transfer System), revealing that the members had put their stocks on the market back in September this year.

Calculations based on the September 20 closing price of 243,000 KRW showcased the staggering amounts: Jin sold around $9.53 million USD, J-Hope approximately sold $11.48 million USD.

RM roughly $10.59 million USD, Suga approximately $12.47 million USD., Jimin, V, and Jungkook all sold shares amounting to approximately $12.47 million USD each.

The unexpected development extended beyond BTS, with HYBE's chairman, Bang Si Hyuk, also making a significant move.

A disclosed shareholder report from HYBE on November 14 unveiled Bang Si Hyuk's decision to reduce his ownership from 24,322,584 shares (58.07%) to 21,429,024 shares (51.42%).

This decrease accounts for 2,893,560 shares, amounting to a substantial 6.65% of his stake in the label.

Despite the uproar caused by these revelations, HYBE Labels has remained tight-lipped, refraining from issuing any official statements or comments on the matter.

Industry Experts Ponder BTS' Stock Divestment from HYBE in Music Evolution

This surprising shift in BTS and Bang Si Hyuk's stakes within HYBE Labels has ignited curiosity and speculation about the potential motives behind such a drastic move.

Speculations range from financial strategies to potential upcoming projects or personal investment diversification.

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Industry experts and fans alike are left puzzled by this unexpected turn of events.

Some speculate it might signal a strategic move in response to the ever-evolving music industry landscape, while others consider the possibility of individual investment diversification beyond the label.

The implications of BTS divesting their stocks in HYBE have stirred debates among followers, raising questions about the relationship dynamics between the band and the label that brought them immense global success.

As the K-pop world buzzes with theories and hypotheses, the silence from HYBE Labels only fuels the fervor, leaving fans and industry insiders eagerly anticipating any official statements that might shed light on the rationale behind these unprecedented stock sell-offs.

As of the moment, official statements from BTS and label has not yet released. Stay tuned.

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KpopStarz own this article.
Madison Cullen wrote this.