Big Hit Music remains quiet in regards to the rumors addressing BTS’s military enlistment in 2022.
The label told SpoTV on the 21st, saying, “We have no further statements about the military service other than what the artist has revealed. We ask for your understanding.”
Earlier on the day, a researcher from Leading Investment and Securities Ltd. Yoo Sung Man released his analysis report on HYBE (previously Big Hit Entertainment). He pointed out the possibility of BTS joining the army together in 2022. “I expect the BTS members to enlist in the military service by mid-2022. That being said, the actual hiatus of the group will be around a year because there will be pre-produced contents,” he predicted.
On the possibility of HYBE’s stock prices dropping, he said, “BTS has gone beyond the limits of a K-pop star. They are on the same level as the Beatles and Michael Jackson. BTS will be able to remain active and make profits even after serving the country.”
The analyst added, “HYBE has SEVENTEEN, NU’EST, TXT, ENHYPEN, GFriend for their domestic lineup, as Justin Bieber and Ariana Grande recently joined the list after the Merge and Acquisition.” He raised the target price for the stock to 340,000 KRW.
BTS previously received the Order of Cultural Merit in October 2018 for spreading the Korean Wave (Hallyu) and language. Many predict that the group will be able to push back their military service if the Ministry of Culture, Sports, and Tourism write them a recommendation.
Born in 1992, the eldest in the group, Jin was initially allowed to delay his enlistment until 2021. However, it seems like he will be able to push this further back until 2022, thanks to the revision of the Military Service Act.
Members of BTS have repeatedly stressed that they will fulfill their duties in the military. “As a youth in South Korea, I think enlisting in the military is a necessary duty of ours. We will respond at any time the country calls for us,” they previously stated.