Jin Hit News in English

  The Korea CXO Research Institute published a report titled "Status of Individual Equity Valuations in the Cultural and Content Sector," revealing that a total of 27 individuals currently hold stock assets worth more than 10 billion KRW (approx. US$7.062.996) each. The combined stock value of these 27 individuals increased from 5.9994 trillion KRW (approx. US$4.237.076.250) during the first three months of the year, marking an increase of approximately 127.6 billion KRW (approx. US$90.117.500), or 2.1% Among them, Bang Si-hyuk holds the undisputed top spot, with stock assets valued at approximately 4.8 trillion KRW (approx. US$3.390.000.000). He currently holds 13,151,394 shares of HYBE, accounting for 78.3% of the total stock valuation represented in this list. Thanks to recent gains in HYBE's stock price, his wealth increased by approximately 249.8 billion KRW (approx. US$176.402.540), or 5.5%, compared with the beginning of the year. The second position belongs to Par...

  At the end of last month, BTS's decision to withdraw from the Grammys sent shockwaves through the global media, accompanied by a firm message: "Music can be heard and loved as music itself, rather than being divided by region or language." The boycott immediately reignited a controversy that had already been simmering, placing the Grammys at the center of criticism over allegations that the "Asian Pop" category was being used to isolate and discriminate against Asian artist. The Recording Academy began associating BTS with the concept of "Asian Pop Music" during the early planning stages of the new category. What they did not expect was or BTS to openly boycott it, ultimately throwing their entire plan into disarray. Ironically they seemed to have little choice but to resort to retaliatory measures, such as removing BTS videos from the GRAMMY homepage or issuing statements that fans described as hollow and entirely unconvincing. Finally, after more t...

Information about the first comeback album following the members' military discharge was leaked in advance...  BigHit requests the user's identity through a U.S. court. After X relocated its headquarters, the company refiled the case in a Texas court. "The user must be notified firs." BigHit Music, an agency under HYBE, recently won approval from a U.S. court for its discovery seeking to indentify the individual responsible for leaking BTS's full-length album, ARIRANG. While K-pop artists have increasingly turned to U.S. courts to uncover the identities of so-called "cyber wreckers" and anonymous social media users overseas, this is the first publickly known case in which such a request has been granted by a Texas court rather than a California court. According to an investigation by Sisa Journal on August 14, the U.S. District Court for the Western District to Texas granted BigHit's discovery request against X (formerly Twitter) on August 5. As a re...

  All day yesterday, BTS has unexpectedly become the center of a heated debate after some members became involved in a controversy related to Chris Brown. Namjoon and Hobi were seen flying to Canada to attend a concert that was part of Usher and Chris Brown's R&B tour. Hobi later shared a moment of the two of them fully enjoying the lively atmosphere of the concert on his Instagram story, while Namjoon also reposted it and shared additional photos from the event. In addition, Just one day earlier, Taehyung and Jungkook listened to three Chris Brown songs during a livestream following their second concert in Baltimore and appeared to be genuinely enjoying them. Notably, Chris Brown has been notorious for years because of allegations and incidents involving violence, sexual misconduct, and other criminal offenses. Meanwhile, BTS has always been praised for promoting positive values, frequently spreading messages about love, protecting women and vulnerable individuals, and speakin...

  On the 29th of last month, BTS announced through their official social media accounts, using the names of all seven members, that they would not submit any music for the 69th Grammy Awards, scheduled to take place in February next year. The move was seen by industry insiders as an indirect criticism of the Recording Academy's newly established category, "Best Asian Pop Music Performance." The new category targets K-pop, J-pop, C-pop, and other forms of Asian pop music, and requires songs to contain at least one Asian language of their lyrics to be eligible for nomination. However, the fact that the category was announced only around two months before the submission deadline, combined with the fact that the main tracks on BTS' new studio album, ARIRANG, are primarily performed in English, sparked controversy: "Was this rule deliberately created to target BTS?" BTS expressed their hope that "music can be heard and loved as music itself, rather than bein...

  How long will K-pop remain trapped under the label of "Asian music"? BTS's recent announcement that they would boycott the GRAMMY Awards has brought this long-standing question back into the spotlight in recent weeks. Regarding the new category introduced by the Grammy this year —"Best Asian Pop Music Performance" —BTS effectively declined to submit their work, saying, "We hope music will be recognized and loved for what it is, rather than being divided by region or language. Thank you, as always, to ARMY and everyone who supports us." The statement directly calls into question the reality that, even after K-pop gas firmly established itself in the mainstream global music market, it is still being placed into a separate category simply under the label of "Asian." What makes this particularly notable is that BTS is the first and only K-pop artist to publicly and directly push back against the Grammys, just one month after the organization an...