Netizens React To HYBE Being The First Entertainment Company To Become A Conglomerate

According to media officials, the Fair Trade Commission announced that HYBE’s fair assets had surpassed the standard to be designated as a business group subject to disclosure.

This also makes HYBE the first entertainment company to become a conglomerate due to the increased growth of the cultural industry. According to Yonhap Infomax Corporation, HYBE’s total assets went up 9.8% from last year.

In the case of HYBE, fair assets comprised 16 affiliates, including Weverse Company, Big Hit Music, Pledis Entertainment, and more.

K-Netizens and fans had different opinions about the news.

Netizen comments | theqoo

• “BTS has done so much…HYBE needs to step it up for BTS.”
• “Wow..”
• “Man…”
• “Wow they made it this big…a conglomerate..this is crazy.”
• “What’s different about being a conglomerate? What are the pros of it?”

Netizen comments | theqoo

• “Being a conglomerate comes with a lot of regulations…not sure if it’s the best thing.”
• “SM isn’t a conglomerate…they are just a big entertainment company.”
• “Will their benefits and pay change with this?”

Netizen comments | theqoo

• “Ticket prices are probably gonna get more expensive…”
• “Isn’t it good that they are a conglomerate? Why is everyone hating on the news.”
• “Man the accounting and finance team are gonna have there work cut out for them..”
• “Wow..BTS is really amazing.”

With fans’ differing opinions on the news, netizens are curious to see how this affects the future of HYBE and its artists.