[Apha Biz=(Chicago) Reporter Paul Lee] Shares of HYBE also fell on the good news that all of BTS (BTS) renewed their contracts.

According to the Korea Exchange on the 22nd, HYBE closed at 230,500 won, down 12,500 won (5.14%) from the previous trading day. On the 20th, it fell by 0.82%. Hive shares have fallen 4.75% over the past week. It was down 3.35% for the month.

There is still room for a rebound, however. In addition to the solo activities of BTS members, existing major artists such as Tomorrow by Together and LE SSERAFIM are expected to perform.

On the 19th, BTS member V's first solo album "Rayover" ranked second in the U.S. Billboard main album chart "Billboard 200." Jungkook's solo album "Seven" and Jimin's solo album "Like Crazy" were also successful on the Billboard chart.

It is also preparing to debut as a joint girl group between HYBE and US music distributor Universal Music Group (UMG). HIVE label Pledis will also launch a new boy group.

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]