(Photo=HYBE)

 

[Alpha Biz= Reporter Kim Jisun] HYBE, famous for its BTS agency, is set to be designated as the first entertainment company to be designated as a large business group.

According to the Financial Supervisory Service's electronic disclosure system, HYBE's assets amounted to KRW 5.5235 trillion as of the third quarter of last year, exceeding KRW 5 trillion for the first time. As of the end of last year, HYBE's total assets are estimated to be 5.3457 trillion won, up 9.8% from the previous year.

Every year, the Fair Trade Commission designates corporate groups (large corporate groups) subject to disclosure with total assets of KRW 5 trillion or more and the head of the group.

HYBE's total assets are now combined with a total of 16 affiliates, including Weverse Company, Big Hit Music and Pledis Entertainment.

In the case of HYBE, the possibility of being designated as a large business group was raised last year, but in 2022, the total asset amount was 4.81 trillion won, falling short of the 5 trillion won standard, avoiding designation as a large business group.

 

 

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