'BTS' Big Hit passes preliminary screening for listing on KOSPI..."Entertainer General."

Big Hit Entertainment, one of the biggest IPOs in the second half of this year, will be listed as early as this year. Big Hit Entertainment is the agency of global boy band BTS.

The Korea Exchange Stock Market Headquarters said on the 7th, "We have confirmed that Big Hit Entertainment has been qualified for listing as a result of a preliminary review of its stock listing." 

The exchange received a preliminary application for listing Big Hit's sovereignty on May 28. Article 22 of the Korea Exchange's listing regulations stipulates that the listing-related review should be completed within 45 trading days based on receipt of requests for listing preliminary screening, but the review was carried out beyond the deadline.

Founded on February 4, 2005, Big Hit Entertainment's main business is music production and management. CEO Bang Si-hyuk holds a 43.4 percent stake.

In addition to BTS, TXT also belongs to TXT. Following the acquisition of Source Music (Label) and Superb (Game) over the past year, the company has acquired stakes in Pledis (Label) and has a lineup of top idol groups in Korea, including GFRIEND, NU'EST and Seventeen.

Based on consolidated financial statements last year, it has made $587.2 billion (587.2 billion KRW) in sales and $72.4 billion (72.4 billion KRW) in net profit.

Big Hit's listed companies are NH Investment & Securities Co., Korea Investment & Securities Co. and JP Morgan Co. Mirae Asset Daewoo will participate as co-hosts.