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BTS debunk rumours of them splitting






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South Korean boy band, BTS have denied that they are splitting up after their shares plunged 34%.

 

This is coming a day after they announced a ‘hiatus’ that has seen their shares plunge 34%, wiping $1.7 billion off its market value.

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The K-Pop sensation claimed that their statement on Tuesday got ‘lost in translation’.

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The group had reportedly clarified that they were taking a break to pursue solo projects.

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However, they have now declared that they will remain an active group for the foreseeable future.

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According to TMZ, BTS are making a U-turn on their decision after their announcement resulted in record label HYBE plunging by 34 percent.

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It wiped nearly two billion off the firm’s market cap after the Tuesday announcement during their annual FESTA dinner.

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During the celebration of the band’s nine years together, bandmember RM stated that it was time for them to work on their own mentioning a ‘temporary hiatus.’

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Jungkook, Jin, RM, V, Suga, J-Hope, and Jimin all broke down in tears during the Festa video amid the announcement.

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Jungkook reportedly addressed the ‘misunderstanding’ on the South Korean live streaming app VLive on Wednesday, June 15.

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A BTS representative told Rolling Stone that the group will not be disbanding, but some members will pursue their projects.

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The representative also mentioned that BTS will be shooting a video for ‘Run BTS’ in the coming months.

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One of the angry HYBE investors wrote on a Samsung Securities stock trading platform, ‘They’ve planted ‘dynamite’ in the hearts of shareholders”.

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HYBE shares had performed relatively poorly in recent months, as the company’s chief executive and some BTS members unloaded stock totaling 10 billion won in December.

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BTS is a South Korean boy band that was formed in 2010 and debuted in 2013. They are also known as the Bangtan Boys.

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