However, he insisted this did not mean that BTS was disbanding, or that there would not be any more group activities. He wrote:
On June 14, the K-pop legends shocked fans by revealing they will be taking some time off from group activities to focus on solo projects. In no time, speculation about the group’s next move turned into rumors about their disbandment.
While HYBE had already specified that the break is not permanent, their CEO was compelled to send another email to clarify the situation, and placate the band’s huge fanbase.
“They’ve already been set up or currently in the works”: HYBE’s CEO talks opens up about solo projects by BTS members
In his email, Park Ji-won dispelled rumors by straight up denying even the consideration of disbandment.
The CEO also had a lot to say regarding the individual ventures by the members, revealing that members had already started working on them. He also specified once again that both solo and group projects would take place simultaneously.
Meanwhile, the agency also revealed that BTS’ lead dancer, J-Hope is all set to release his first solo album sometime in mid-July. The idol himself confirmed the news, stating:
Fellow member V aka Kim Taehyung is also prepping to release his much anticipated album, KTH1.
News of BTS’ hiatus, however, has proven to be financially dangerous for HYBE.
According to financial media outlet reports on June 15, HYBE’s share prices dropped by 25.65 percent from the previous day, at 143,500 KRW, soon after the announcement.
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