K-pop sensation BTS dazzles, in what could be its last concert for years, to support South Korea’s bid to host World Expo
- The concert in Busan is to promote South Korea’s second-biggest city as a candidate to host the 2030 World Expo and drew tens of thousands of fans from all over the world
- The band will go on hiatus for members to focus on solo projects and has not said how long the hiatus would last
The band has said its members want to focus on solo projects and, while it has not said how long the hiatus would last, the oldest singer in the group faces a deadline this year to begin compulsory military service, so it could be years before the whole band could get back together.
“This is the last concert that was planned,” said Kim Seok-jin, BTS’ oldest member, who was given a two-year reprieve to carry out his military service. “As I wasn’t sure when we could do a concert again, I tried to keep all my emotions here. But we can always have another one and you will come again, right?”
A study in 2018 by Hyundai Research Institute showed the total economic value that the group could create between 2014-2023 would be worth 56 trillion won (US$39 billion). South Korea posted a record trade surplus in intellectual property rights in the first half of this year, according to Bank of Korea data, helped by the overseas popularity of BTS as well as K-dramas and movies.
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That is why some polls show a majority of South Koreans, not just the dedicated fans who are known as Army, think the group’s members should be given exemptions from military service, or offered an alternative.
Some Korean lawmakers have pitched bills that would add award-winning pop artists to the list of people such as sports medallists and classical musicians who are not required to do service. Earlier this year, then-Culture Minister Hwang Hee said it would be a “cultural loss for mankind” if the group had to enlist and called for an exemption.
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Kim Seok-jin was given the reprieve just before his 28th birthday when parliament passed the so-called BTS law, a revision that raised the age for valued K-pop stars to 30. That reprieve expires this year as he turns 30 on December 4, and the second-oldest member Min Yoon-ki is due to be enlisted in 2024.
Culture Minister Park Bo-gyoon said earlier this month that there will be a decision on the matter by December, Yonhap reported.
Few, though, believe there will be many more such events any time soon. The announcement of the group going on break triggered a US$10 billion sell-off in shares of BTS’ management company Hybe Co.
It’s unclear who could fill their shoes. All-female band Blackpink is achieving some global success through YouTube and streaming services, but few K-pop acts have the star power of BTS.
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“This Busan concert sounds like the last one to many fans,” said Kei Ng, 34, a fan from Hong Kong who’s in Korea to study the language. “There may be another group which can sell more albums or achieve more No. 1 hits in different charts than BTS, but BTS will still be the first one which smashed the whole world and gained such influence.”