Bang Sihyuk despite the debt of 10 billion won to debut BTS, calls the moment of re-signing the "happiest" career!

Bang Sihyuk had many notable shares about BTS in a recent program.

In September this year, the BTS fan community burst into tears when all 7 members simultaneously re-signed, setting a full return date in 2025. There are very few successful groups that enter the second contract period after ending their contract. Ending 7 years of exclusivity. The fact that all members agreed to re-sign helped fans feel secure while BTS focused on personal activities and military service. This is a very difficult precedent to achieve for Kpop groups.

BTS trusted Bang Sihyuk and HYBE, simultaneously renewed their contract and promised to return in 2025.

The moment BTS decided to move on together was recently shared by HYBE president Bang Sihyuk on the recent You Quiz On the Block broadcast. Bang Sihyuk affirmed that the moment the members trusted and re-signed was the happiest time in more than 20 years of working as an artist manager. “With artists of the caliber of BTS, there are many choices. The fact that they chose us to re-sign, as the head of the management company, the head of the label that created the album, I feel Seeing that it was a complete recognition that we did well with BTS, it felt like a compliment to me.

I’m talking as if this process is all about fun, but in reality, most of the time is spent discussing and adjusting the contract. When BTS said, ‘Even so, we will still trust you and sign again’, it was the happiest time in my more than 20 years of working as a manager.”

BTS’s road to success is not paved with roses. The group went through a difficult internship period when the company was saddled with billions of won in debt, and their debut was unknown to many people. Rising from negative numbers, Bang Sihyuk always sees BTS as a “miracle of effort”.

BTS has gone up from negative numbers

Bang Sihyuk also opened up about the difficult time, despite being in debt of 10 billion won (184 billion VND) to launch BTS: “After accepting the offer to manage 2AM and JYP, people said human greed has no point. stop. I kept repeating mistakes. Instead of doing well according to what I had learned, I was negligent and caused the company to collapse more. At that time, the company was really extremely difficult. I used to think : ‘Now we should put it all away’. The artist we are preparing to debut at this time is BTS…

I was very worried, I couldn’t repay the debt anyway. The 7 members each have their own talents and abilities. I can’t leave these talented guys alone. I feel like it’s a kind of responsibility. So I decided I had to do it no matter what. And then Bangtan became successful.”

Bang Sihyuk with his boys: BTS, SEVENTEEN, TXT

BTS’s global success has made Big Hit the HYBE entertainment group. Huge profits in recent years have helped Bang Sihyuk merge many small entertainment companies, owning a series of prominent Kpop music groups. HYBE currently manages not only BTS and TXT but also SEVENTEEN, the top 2 girl groups of generation 4 NewJeans – LE SSERFIM.