Popular Korean pop group BTS announced news it was taking a break Monday, a move that came as a bit of a surprise and will likely have some fans saying "Life Goes On," like the band's hit song.
What Happened: K-pop band BTS saw its managing agency Hybe Co. go public in 2020 and the company could now face a setback. BTS announced Monday its members were reporting for military service in South Korea.
"The members of BTS are currently moving forward with plans to fulfill their military service. Group member Jin will initiate the process as soon as his schedule for his solo release is concluded at the end of October," Bighit Music said, as reported by Variety.
Other members of the group will also follow a plan to complete mandatory military service for the country.
The band will be inactive for several years due to the commitment.
"Both the company and the members of BTS are looking forward to reconvening as a group again around 2025 following their service commitment," Bighit Music said.
Related Link: BTS Managing Agency Hybe's Stock Slumps Below IPO Price For First Time
Why It's Important: The move to complete military service follows several solo projects from the band and will now leave fans waiting until 2025 for the band to get back together.
Walt Disney Co (NYSE:DIS) announced a collaboration to globally distribute titles from BTS. The band has also partnered with McDonald's Corp (NYSE:MCD) and other brands to help bring international audiences to companies.
"'Yet to Come (The Most Beautiful Moment)' is more than a track from their latest album, it is a promise, there's much more yet to come in the years ahead from BTS," Bighit said.
As Variety reports, the requirement for all males under 30 years old to complete military service has been a bit controversial with athletes and classical musicians able to be excused for exceptional service to the country. Pop artists have not typically been excused.
K-pop music has surged in popularity around the world thanks in big part to BTS hitting the big time. A K-pop-themed ETF was recently launched called the Exchange Traded Concepts Trust KPOP and Korean Entertainment ETF (NYSE:KPOP). Hybe Co. is the fifth largest holding in the ETF at 9% of assets.
Photo: Silvia Elizabeth Pangaro via Shutterstock
韓國流行樂團BTS週一宣佈將休息一段時間的消息，這一舉動有點出人意料，可能會讓一些歌迷像樂隊的熱門歌曲一樣，説《生活繼續》。
發生的事情：韓國流行樂隊BTS看到了它的經紀公司海貝公司如果在2020年上市，該公司現在可能會面臨挫折。BTS週一宣佈，其成員正在韓國報到服兵役。
據《綜藝》報道，Bighit Music表示：“BTS的成員目前正在推進服兵役的計劃。一旦他的個人發行計劃於10月底結束，組合成員金就會啟動這一進程。”
該小組的其他成員也將遵循一項計劃，為該國完成義務兵役。
由於承諾，樂隊將在幾年內不活躍。
Bighit Music表示：“該公司和BTS的成員都期待着在2025年左右再次團結一致，履行他們的服務承諾。”
相關鏈接：BTS管理機構Hybe的股價首次跌破IPO價格
為什麼它很重要：在完成服兵役之前，樂隊進行了幾個獨唱項目，現在粉絲們將等到2025年才能讓樂隊重聚。
華特迪士尼公司(紐約證券交易所代碼：DIS)宣佈了一項合作，在全球範圍內發行BTS的遊戲。該樂隊還與麥當勞公司(紐約證券交易所股票代碼：MCD)和其他品牌，幫助將國際觀眾帶到公司。
Bighit説：“《Yet to Come(The Most Beautiful Moment)》不只是他們最新專輯中的一首曲目，它是一個承諾，在未來的歲月裏，BTS還會有更多的東西。”
據《綜藝》報道，所有30歲以下的男性都必須服兵役，這一要求一直存在爭議，運動員和古典音樂家可以原諒他們為國家做出了特殊貢獻。流行藝術家通常不會被原諒。
韓國流行音樂在世界各地的人氣飆升，這在很大程度上要歸功於BTS的成功。最近推出了一隻以韓國流行音樂為主題的ETF，名為交易所交易概念信託KPOP和韓國娛樂ETF(紐約證券交易所代碼：KPop)。Hybe Co.是該ETF的第五大持有量，佔其資產的9%。
圖片：Silvia Elizabeth Pangaro通過Shutterstock
