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HYBE Surpasses Standards to Become Designated Business Group

Fair Trade Commission designates HYBE as a conglomerate due to surpassing asset standards.

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By minal
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HYBE Surpasses Standards to Become Designated Business Group

 Media officials report that the Fair Trade Commission has announced that HYBE's fair assets have exceeded the threshold for designation as a business group subject to disclosure.

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This milestone positions HYBE as the first entertainment company to ascend to conglomerate status, propelled by the burgeoning growth of the cultural industry. According to Yonhap Infomax Corporation, HYBE's total assets have surged by 9.8% compared to the previous year.

HYBE's fair assets encompass 16 affiliates, including Weverse Company, Big Hit Music, Pledis Entertainment, and more.

The news has sparked varied reactions among K-Netizens and fans, underscoring the significance of this development within the entertainment landscape.

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“BTS has done so much…HYBE needs to step it up for BTS.”

“Wow..”

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“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?”

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“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?”

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