Should HYBE Accept The Invitation By The Korean Government To Be Apart Of The Exclusive Chaebol Club Of Korea??? || hybe says they are currently reviewing it

I think BangPD has already alluded to the need to present a united front in Kpop to take on the ginormous conglomerates that run the music world like UMG, Sony and Warner. I think he wants all of Kpop consolidated under Hybe, we all saw what happened with SM.

Will be interesting to see the three biggest players in Kpop, Kakao, Naver and Hybe navigating these corporate rapids, plus a 4th in CJENM. I once predicted a future where Kpop has consolidated like this:

SM-Kakao

Hybe - YGE - Naver

JYP - CJ

With all nugu labels eventually either falling away or being folded into one of the above three megalabels.

Quote from Ves

All I know is:

And Bang is the Emperor lording over them

Bang will jump on to this opportunity. He sacrificed BTS to play chaebol in Korea. He would not waste time making decisions for the opportunity to sit with the owners of Samsung, Hyundai, etc.

All I can say is WOW!... because BTS DID that!

Now, #BTSPAVEDTHEWAY for KPOP/Korean entertainment to be included in that Chaebol club.

Yoongi, Is Samsung's adopted son, so I bet he will be happy to be on the same level of relevancy with them.

l thought Hybe was bleeding money through bad investments?

Quote from Ves

All I know is:

Those crowns belong to BigBang. Please return them to rightful owner.

Quote from Jenny_Leen

All I can say is WOW!... because BTS DID that!

Now, #BTSPAVEDTHEWAY for KPOP/Korean entertainment to be included in that Chaebol club.

Yoongi, Is Samsung's adopted son, so I bet he will be happy to be on the same level of relevancy with them.

they'll never find better brand ambassador than him. He lives that samsung life "no iphone, only galaxy" will forever be iconic

Quote from tokki-swag

idk why, but this comment funny asf

and hybe says they are "reviewing" the invitation now.

i think Bang PD probably tryna see what benefits come with being apart of the club.

whether it's status, money loans, or coverage from anything bad happening to them.

which seems like a good deal.

but if not much come out of being a part of it, Bang PD might decline.

im not sure if this is a "once in a lifetime" type offer, meaning you either accept it now or you lose the chance to never be apart of it.

but i think HYBE should hop on the opportunity expeditiously, to boost their status in Korea, and take all the opportunities they can

Display More

Likely a once a lifetime offer. This is an unprecedented move which is unlikely to be repeated/

Bang sacrificed BTS for this. He could have abandoned Korea, send the members out of country and never perform in Korea again but he chose to be a powerful person there. He will take it.

BTS sacrificed to make Bang a mogul

In every club there is always someone that lords over all other members

Sansung is that leader of this group.

They account for 20% of all the South Korean GDP.

South Korea: Samsung Group's revenue as a share of GDP 2021 | Statista

In 2021, the revenue of Samsung Group's 15 biggest affiliated companies accounted for about 20.3 percent of South Korea's gross domestic product (GDP).

www.statista.com

Wealthiest People in South Korea (March 20, 2023) - CEOWORLD magazine

As of  March 20, 2023, Jay Y. Lee was the wealthiest person in South Korea, with an estimated net worth of 8.0 billion U.S. dollars, followed by Seo Jung-jin…

ceoworld.biz

1. Jay Y. Lee: $8.0 billion - Samsung
2. Seo Jung-jin: $5.9 billion - Celtrion, a Pharmaceutical
3. Kim Beom-su: $5.3 billion - Kakao
4. Kwon Hyuk-bin: $5.2 billion - Smile Gate, a game company
5. Hong Ra-hee: $4.8 billion - Samsung, Jay Y's mother
6. Chung Mong-Koo: $4.0 billion - Hyundai
7. Cho jung-ho: $3.4 billion - Meritz Securities
8. Lee Boo-jin: $3.3 billion - Samsung, Jay's sister
9. Yoo Jung-hyun: $3.1 billion - Nexon, a game company
10. Lee Seo-hyun: $2.9 billion - Samsung, another sister of Jay
11. Euisun Chung: $2.9 billion - Hyundai, son of #6 - the father is quite old and he gets to call the shots.
12. Suh Kyung-bae: $1.9 billion - Amore cosmetics
13. Koo Kwang-mo: $1.9 billion - LG Group
14. Bang Si-hyuk: $1.7 billion
15. Chey Tae-won: $1.6 billion - SK Group

So adding up people who are related, the actual rank is

1 Samsung

2 Hyundai

3 Celtrion

4 Kakao

5 Smile Gate

6 Meritz Security

7 Nexon

8 Amore

9 LG

10 Hybe

11 SK

Generally, Samsung, Hyundai, LG, SK and Lotte (whose owners have deep ties with Japan and it is largely private so its stocks do not represent the wealth of its owners) are considered to be Korea's 5 largest chaebols.

So, Mr. Bang is to be counted with the owners of LG and SK , and becomes one of the 10 largest magnates invited to the Presidential Mention when the President feels like seeing company owners.