2023 BTS Festa
Scope
Date
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Electric vehicles
Seoul to host EV-only Formula E World Championship in 2022
South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...
Jun 18, 2021 (Gmt+09:00)
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Fintech
KDB bets big on fintech platform Toss ahead of 2023 IPO
The Korea Development Bank (KDB) has decided to invest 80 billion won ($72 million) in the fintech startup Toss via a rights offering. This marks th...
Jun 04, 2021 (Gmt+09:00)
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Entertainment
HYBE raises $400 mn in a move to diversify BTS-dependent portfolio
HYBE Co., the global entertainment powerhouse behind BTS, has successfully closed its previously announced rights offering to raise 445.5 billion wo...
Jun 03, 2021 (Gmt+09:00)
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Cross-industry collaboration
HYBE x McDonald’s: The BTS Meal launches globally
McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...
May 27, 2021 (Gmt+09:00)
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Entertainment
HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2
HYBE Co., the music and entertainment agency behind BTS, on Jun 1-2 will open the subscription for its rights issue shares worth 445.5 billion won (...
May 26, 2021 (Gmt+09:00)
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K-pop
BTS smooths Butter at Billboard Music Awards; scoops up 4 awards
BTS is unstoppable. The K-pop boy band continues to set fresh records -- becoming the first Korean band to scoop up four awards at the 2021 Billboar...
May 25, 2021 (Gmt+09:00)
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Banking & Finance
Internet-only K Bank to raise $1.05 bn in rights offering
South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business ...
May 21, 2021 (Gmt+09:00)
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Food & Beverage
BTS-loved kombucha brand Teazen up for sale
The majority shareholder of South Korea’s fine tea brand Teazen Co. is seeking to sell ownership of the company, attracting multiple potential...
Apr 29, 2021 (Gmt+09:00)
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Energy
Hyundai Motor, BTS celebrate Earth Day with hydrogen campaign
South Korea’s top automaker Hyundai Motor Co. and global K-pop boyband sensation BTS have collaborated to urge people to protect the environ...
Apr 21, 2021 (Gmt+09:00)
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K-pop
Entertainment shares to soar in Q2 following BTS, Blackpink comeback
South Korean entertainment labels are expected to see their earnings momentum back in full swing in the second quarter as popular K-pop groups such ...
Apr 16, 2021 (Gmt+09:00)
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Batteries
POSCO to build S.Korea’s first lithium plant by 2023
South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...
Apr 15, 2021 (Gmt+09:00)
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Entertainment
BTS, Bieber, Lovato celebrate HYBE-Ithaca alliance
HYBE Co. and Ithaca Holdings, the two entertainment powerhouses that recently joined hands to create the mega music label that will house BTS, Arian...
Apr 06, 2021 (Gmt+09:00)
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Entertainment
HYBE-Ithaca merger puts BTS, Justin Bieber under one roof
BTS, Justin Bieber and Ariana Grande will be under the same music label group through a historic M&A deal between HYBE Corporation, formerly Big...
Apr 02, 2021 (Gmt+09:00)
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Entertainment
KT to bolster content creation with $350 mn investment by 2023
South Korea’s telecom giant KT Corp. plans to expand its content business with an investment of 400 billion won ($353 million) by 2023. The co...
Mar 24, 2021 (Gmt+09:00)
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K-pop
BTS label cites fan-tailored innovation as key to success
Fan-tailored innovation is the crux of the success behind K-pop sensation BTS' label, according to Lenzo (Seok-jun) Yoon, chief executive of Big Hit...
Mar 18, 2021 (Gmt+09:00)
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Bernard Moon on Korean Startups
The BTS of social media: The next Facebook will come from South Korea
South Korea is hitting its stride as an innovator, but it’s an overnight success story over 20 years in the making. Coupang’s $60B IPO t...
Mar 18, 2021 (Gmt+09:00)
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K-pop
Growing fandom of BTS, other K-pop idols revives album market
In the South Korean music industry, the emergence of Soribada, the country’s first peer-to-peer file-sharing service, in 2000 heralded the beg...
Mar 14, 2021 (Gmt+09:00)
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Earnings
BTS label logs all-time high earnings in Q4 2020
Big Hit Entertainment Co., the label behind global sensation BTS, reported all-time high earnings for last year's fourth quarter despite the drop in...
Feb 23, 2021 (Gmt+09:00)
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Shareholder value
Samsung to pay record dividends, more through 2023; Q4 profit jumps
Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...
Jan 28, 2021 (Gmt+09:00)
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Entertainment
Naver to enter strategic partnership with BTS label
South Korea’s internet giant Naver Corp. plans to enter into a strategic partnership with Big Hit Entertainment Co., the label behind K-pop se...
Jan 22, 2021 (Gmt+09:00)
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K-pop
BTS sweeps Spotify's most-streamed K-pop list in 2020
South Korean artists were clearly on the rise last year, with the top 10 most-streamed Korean artists pulling in over a combined 10.6 billion stream...
Jan 07, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor JV to launch robotaxi services in US by 2023
Hyundai Motor Group's autonomous driving joint venture Motional and US-based ride-hailing company Lyft have joined forces to offer robotaxi servic...
Dec 17, 2020 (Gmt+09:00)
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K-pop
BTS rewrites pop history as it goes mainstream in US
“One day the world stopped, without any notice … people say that the world has changed ... but thankfully our relationship is still t...
Dec 02, 2020 (Gmt+09:00)
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IPOs
BTS label Big Hit trims gains after strong debut
Big Hit Entertainment Co., the label behind K-pop boyband sensation BTS, nearly halved its initial gains by the close of its first day of trading Oct....
Oct 15, 2020 (Gmt+09:00)
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IPOs
BTS may be allowed to delay military service to age 30
South Korea is likely to allow the seven members of boy band BTS to postpone their mandatory national military service by two years until the age of 3...
Oct 13, 2020 (Gmt+09:00)
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K-pop
BTS ushers in new paradigm for online concerts
South Korea’s seven-member boy band BTS has had many firsts over the years. They were the first Korean band to perform at the legendary Wembley ...
Oct 12, 2020 (Gmt+09:00)
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IPOs
BTS members eye $21 mn windfall each from agency’s IPO
The seven members of the global boy band BTS may see their shares in Bit Hit Entertainment Co. rocket to as high as 24 billion won ($21 million) each ...
Oct 07, 2020 (Gmt+09:00)
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BTS label Big Hit prices IPO at top end of range at $115
Big Hit Entertainment Co. has priced its public share offering at the top end of its proposed range at 135,000 won ($115), with bids outnumbering offe...
Sep 28, 2020 (Gmt+09:00)
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IPO
BTS' Big Hit focuses on sustainable fandom-based business model
Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...
Sep 22, 2020 (Gmt+09:00)
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IPO
BTS label Big Hit’s caginess upsets investors ahead of IPO bookbuilding
Big Hit Entertainment Co., home to the seven-member boy band BTS, is set to hold its first official IPO-related conference for South Korean institutio...
Sep 21, 2020 (Gmt+09:00)
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Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer