South Korean label giant HYBE has shared a new statement on the issue of spending for pop titans BTS’s upcoming World Expo 2030 concert in Busan. In the statement, the label giant said that expenses not funded by corporate sponsorship, online streaming advertising, THE CITY subsidiary, etc., would be covered personally by the company itself. The label also confirmed that BTS will perform without payment in order to realize their earlier hopes of participating in a free concert with fans.
HYBE shares BTS will perform at Busan concert for World Expo 2030 bid free: “We are proud to contribute to the country”
As noted by the Korean media portal Soompi, HYBE noted that BTS has participated in national events since the past, not being at the forefront of cost, always carefully considering government support as it is taxpayers’ money. The same will be true for the Busan concert and the government, the local government and the expo committee will do their best to provide a concert venue within a limited budget and finance the concert.
According to the report, HYBE further clarified their position that they do not consider it desirable for large amounts of government and corporate resources to be invested or exhausted by the concert. BTS has had great results at past national events because they focused on creating high quality results, which was meaningful in itself. “HYBE and BTS are proud to contribute to the country,” said HYBE. Moreover, as the report suggests, the Busan World Expo 2030 will bring economic effects of several tens of trillions of won (several tens of billions of dollars) to Busan and Korea. “Korea would be the ‘underdog’ in the competition to host the 2030 Busan World Expo,” added HYBE.
“We believe that everyone should work together to show a major turnaround [of expectations] to be able to hold 2030 Busan World Expo, that’s why the company and BTS decided to support [the cause]. With this concert, HYBE and BTS want to make Busan a place that puts the world in the spotlight.” “HYBE and BTS will do our best until the end so that the Busan concert becomes a cornerstone for the bid to host the Busan World Expo in 2030.”
Also read: BTS’s exemption from military unlikely; Alternative Service Seems Difficult: Everything You Need to Know About South Korea’s Defense Ministry Mandate
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