▲ This photo provided by Big Hit Music shows HYBE Corporatino's chairman Bang Si-hyuk. (PHOTO NOT FOR SALE) (Yonhap)▲ This graphic shows BTS' second English language song "Butter" topping Billboard's "Hot 100" singles chart for seven straight weeks. (PHOTO NOT FOR SALE) (Yonhap)

 

 

SEOUL, July 13 (Yonhap) -- The assets of HYBE Corporation's chairman Bang Si-hyuk, the K-pop powerhouse behind global sensation BTS, who continues to make huge hits in the global music market, have more than doubled in nine months, according to Bloomberg on Monday (KST).

According to reports, the value of HYBE's shares held by Chairman Bang increased 131 percent from 1.5 billion dollars to 3.2 billion dollars at the time of the initial public offering last October.

Chairman Bang's asset growth is evidence of the popularity of BTS, which recorded the highest sales in K-pop history, according to the news agency.

Bang also added that HYBE's "big deal" to acquire Scooter Braun's media company "Ithaca Holdings" in April could be seen as a positive sign of Bang's ambition in the global entertainment market.

Ithaca Holdings is an American media holding company led by Scooter Braun, who has raised several global pop stars. The company has a subsidiary called SB Project, a management company that includes Ariana Grande and Justin Bieber.

Bang holds 13,151,394 shares, or 34.7 percent of HYBE shares. This is similar to the stock value held by Hyundai Motor Group's chairman Chung Eui-sun.

BTS members also each have 68,385 common shares.

BTS' second English new song "Butter" has topped the Billboard single chart "Hot 100" for seven consecutive weeks since its release on May 21.

In addition, the new song "Permission to Dance," released on the 9th, has received enthusiastic responses on YouTube and other platforms, drawing keen attention to whether it will enter the Hot 100 after "Butter."

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