Group’s reps confirm they are not disbanding

K-pop icons BTS will pursue solo projects while “remaining active as a group,” their label confirms. On June 14th, the superstars released a new BTS Dinner Party video to celebrate their ninth anniversary when Suga commented the band was going on “hiatus.” However, their label, Big Hit Entertainment, clarifies the statement was mistranslated into English when subtitled in the video.

“The group will remain active as a team while taking individual journey to further achieve personal growth,” a press release shares. “BTS now starts a new chapter with new solo projects as well as group projects. Members will take this time to achieve personal growth through various new activities, and we expect it to further strengthen the foundation for the group‘s long-run as a team. Big Hit Music will actively support the artists.”

The news quickly took social media by storm and sent Big Hit’s parent company, Hybe’s, shares on the stock market plummeting by $1.7 billion overnight.

In the dinner party video, BTS opened their hearts and talked about their feelings and thoughts on difficulties and changes they went through amid the pandemic. The members also frankly confessed that they faced challenges in the creative process as artists after actively working over the past nine years.

Members mentioned future plans to accelerate personal growth and embark on “BTS’ chapter two,” leading the public to believe the group was disbanding temporarily as they have in the past.

The label expresses that as part of the new chapter, the group will allow themselves to express their individuality through the release of solo albums and collaborations with other artists. J-Hope marks the beginning with his upcoming solo album and further information will be shared in due course.

Last week the group released Proof, a three disc anthology album that celebrates the nine years of BTS’ journey since their debut, and opens a new chapter upon their tenth year as artists. The project, available in multiple configurations, contains new tracks, members’ selections, demo versions, unreleased tracks and more.