HYBE Shares Clarifications About BTS Concert Expenses At World Expo 2030 Busan

HYBE Shares Clarifications About BTS Concert Expenses At World Expo 2030 Busan

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

In the statement, HYBE addressed the issue of expenses needed 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 broadcast advertisements, subsidiary company THE CITY, and more. HYBE has decided that the rest of the expenses that cannot be covered by these measures will be covered personally by the company itself. They reiterated that BTS will also perform without payment in an effort to fulfill their past hopes of participating in a free concert with fans.

HYBE commented that BTS has participated in national events since the past, and they did not consider the costs when doing so, always carefully considering government support as it is taxpayers’ money. The same will apply to the Busan concert, and the government, local government and exhibition committee are doing their best to provide a concert venue and finance the concert with a limited budget. HYBE clarified their stance that they do not believe it is desirable for large amounts of government and corporate resources to be invested or depleted through the concert. BTS has achieved great results in previous national events because they focused on creating high-quality results, which was significant in itself.

Expressing their desire not to compromise on the quality of the concert performance, HYBE wrote, “HYBE and BTS are proud to contribute to the country.” In particular, they viewed the event as 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 billion won (several tens of billions of 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 big change [of expectations] in order to celebrate the Busan World Expo 2030, so 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 the spotlight on.”

Finally, HYBE shared, “HYBE and BTS will do their best until the end so that the Busan concert becomes the cornerstone of the bid to host the 2030 Busan World Expo.”

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