K-Netizens are shocked because HYBE Corporation is becoming a conglomerate

HYBE Corporation has gradually become one of the biggest Entertainment companies in the world. They largely pushed their essence to fame in the scene because of BTS. Seventeen, ENYPEN, and NewJeans. They even became so famous they are considering being a conglomerate.

The South Korean media outlets reported that the Fair Trade Commission announced that HYBE’s fair assets had surpassed the standards to be designated as a business group. It was previously reported that HYBE’s assets went up 9.8% from last year.

This marks an important milestone inside the Kpop scene. HYBE is set to become the first entertainment company to become a conglomerate due to the increased growth of the cultural industry. However, the K-Netizens are completely shocked because of the news.

The K-Netizens along with the fandoms are explaining their concerns on social media. They stated the tickets for their favorite idols’ tours and shows are going to get more expensive, and the idea of having a conglomerate sounds like a formula for disaster. However, some K-Netizens believe this might be the perfect push for some new rising idols in the company. What do you think about it?