The K-pop group BTS announces a "pause" and the value of its record company plummets on the stock market

• 'Koreawood' The New Global Dream Factory

• Culture Sex, mascara and child exploitation: the dark business behind the k-pop phenomenon in Korea

Korean pop group

announced a career hiatus on Tuesday so its members can focus on their solo activities.

The seven members of the

, which generates billions of dollars for the South Korean economy, made the announcement during their annual

streaming

.

"Now we're going into a break

," said

, 29, in the video posted on the group's official YouTube channel.

The group members spoke to each other in Korean, and the video included English subtitles.

RM

, one of the components, of 27 years, assures that, after the last

of

, nominated for a Grammy, the members of the group were

.

"The problem with

and with the whole idol system is that it doesn't give you time to mature (...) You have to keep producing music and keep doing something," he explained, before stating that he needs

.

We are all "starting to think about what kind of artists we each want to be to be remembered by our fans," said

, 26.

"I think that's why we're going through a rough patch now, we're trying to find our identity and that's an exhausting and long process," he stressed.

At the end of the dinner, several of the members of the group, known for hits like

or

, began to cry as they thanked their followers, known as

.

, 28

, has acknowledged .

"I hope you don't see something negative in this," the artist implored his fans.

The news has shocked fans, who wonder if this means the end of this pop giant, although according to the video this is not the case.

"

up, we're just going to live apart for a while," Suga said.

"We promise that

, 24

, has reassured his followers , asking for the "blessing" of fans.

New single

The news comes just days after the group released

, an anthology album that included a new single,

.

The septet is

in the United States, a milestone they achieved with

's first song

sung entirely in English.

They are also one of the few groups since the Beatles to have released

in less than two years.

The group has

, but has yet to win.

Recently, BTS made headlines for their

to deliver a message to President Joe Biden about fighting anti-Asian racism.

Record label stock plummets

The shares of the representative agency of the famous Korean pop group

have sunk this Wednesday in the Seoul stock market after the announcement of an indefinite pause, with a fall of 27% around 10:40 a.m. local time (03:40 a.m. local time). Spanish).

In fact,

and is approaching its lowest price since it went public in October 2020.

Conforms to The Trust Project criteria

Know more

• bts

• music