HYBE Shares Clarification Regarding Expenses For BTS's World Expo 2030 Busan Concert

HYBE has released a statement regarding BTS’s World Expo 2030 Busan Korea Concert.

In the statement, HYBE addressed the issue surrounding the necessary expenses to cover the upcoming concert. The agency stated that they had already revealed that a significant portion of the expenses would be funded by corporate sponsorship, online streaming advertisements, THE CITY subsidiary enterprise, and more. HYBE has decided that the remaining expenses that cannot be covered by these measures will be personally covered by the company itself. They reiterated that BTS will also be performing without pay in efforts to realize their past hopes of partaking in a free concert with fans.

HYBE remarked that BTS has participated in national events since the past, and they did not consider the costs at the forefront while doing so, always carefully considering support from the government as it is the taxpayers’ money. The same will apply for the Busan concert, and the government, local government, and the expo’s committee are doing their best to provide a concert venue and finance the concert within a limited budget. HYBE clarified their stance that they do not think it is desirable for large amounts of resources of the governments and businesses to be invested or exhausted through the concert. BTS has made great results at previous national events because they concentrated on creating high-quality results, which was meaningful in and of itself.

Expressing their desire to not give up the quality of performance at the concert, HYBE wrote, “HYBE and BTS are proud to contribute to the country.” In particular, they considered the event an important opportunity, especially since global stars BTS and HYBE have their roots in South Korea. Not to mention, the 2030 Busan World Expo will bring economic effects of several tens of trillion wons (several tens of billion dollars) to Busan and Korea.

HYBE stated, “Korea is said to be the ‘underdog’ in the competition to host the 2030 Busan World Expo.” They added, “We think everyone should work together to show a great reversal [of expectations] to be able to hold 2030 Busan World Expo, so that is why the company and BTS have decided to support [the cause]. Through this concert, HYBE and BTS want to make Busan a place that the world puts a spotlight on.”

Finally, HYBE shared, “HYBE and BTS will do our best until the end so that the Busan concert will become a cornerstone for the bid to host the 2030 Busan World Expo.”

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