Until now, BTS members had been considered special related parties through individual shareholder contracts with Bang Si-Hyuk
However, it was recently reported that these shareholder contracts have been terminated with the renewal of contracts between BTS members and HYBE.
The news of BTS members selling their shares in HYBE came from the Korean stock market, accessed through the Data Analysis, Retrieval, and Transfer System (DART).
According to a report unveiled on November 14, BTS members strategically unloaded their HYBE Labels shares in the market back in September.
Jin sold approximately 12.7 billion won (52,385 shares). RM sold approximately 14.1 billion won (58,000 shares). j-hope sold approximately 15.3 billion won (62,784 shares). Suga sold approximately 16.6 billion won (68,385 shares). Jimin sold approximately 16.6 billion won (68,385 shares). V sold approximately 16.6 billion won (68,385 shares). Jungkook sold approximately 16.6 billion won (68,385 shares).
Regarding this, HYBE explained on November 17th, “The members did not sell their shares, and with the termination of the contract between Chairman Bang Si-Hyuk and BTS members as shareholders, they are no longer considered special related parties. It is not related to stock sales or fluctuations.”
